A Greek deal has been pulled from the fire at the last moment. The country’s bailout programme will be extended for four months averting a potential cash crunch in March that could have forced the country out of the currency area.
from The Great Debate:
Having failed to reach an agreement on a comprehensive nuclear accord in November, Tehran and the six world powers set a new deadline -- July 1, 2015. The diplomats are to meet again on Jan. 18, though prospects for a rapid breakthrough remain thin. One big roadblock is that the International Atomic Energy Agency has set for itself the impossible goal of verifying the “purely peaceful” nature of Iran's nuclear program.