Global News Journal

Does Prime Minister Erdogan want to be President Erdogan?

April 30, 2010

Submitted by Ibon Villelabeitia

TURKEYRecent comments by Turkey’s Prime Minister Tayyip Erdogan expressing support for moving to a presidential system of government have renewed speculation the country’s most charismatic politician covets the presidency — an assault some
believe he might launch after general elections due in 2011.

from MacroScope:

Greeks on the grill

April 30, 2010

When Greece's former economy ministers took to the stage to face a partisan crowd at a public panel discussion in London this week, they were held to answer for the financial profligacy that has put Greece at the centre of the euro zone's sovereign debt crisis.

from Pakistan: Now or Never?:

India and Pakistan agree to hold more talks: now comes the hard part

April 29, 2010

thimphuAs predicted, the prime ministers of India and Pakistan agreed during a meeting in Bhutan that their countries should hold further talks to try to repair relations strained since the 2008 Mumbai attacks.  Foreign secretary Nirupama Rao told reporters at a regional summit in Thimphu that Prime Minister Manmohan Singh and his counterpart Yusuf Raza Gilani had decided their foreign ministers and foreign secretaries (the top diplomats) should meet as soon as possible.

Rating agencies warned to watch their step

April 29, 2010

Credit rating agencies cannot win.

They were blamed for carelessness before the crisis, handing out over-generous ratings on the packets of mortgage-backed securities that subsequently unravelled, sending the global economy into a spin and leading to Lehman Brothers collapse. Now they are being criticised again, this time for being too cautious, by dishing out rating downgrades to countries in Europe being sucked into Greece’s debt crisis.

Searching for silver in Greece’s storm clouds

April 29, 2010

Greece and the euro zone are still very much in the midst of a debt and deficit storm, with not just Athens but possibly Portugal and Spain at risk of being swept up in the maelstrom.

from Emily Flitter:

A spiral for Europe?

April 28, 2010

Quelling the European debt crisis will take more than just a bailout package for Greece, says one expert in financial contagion. Other countries with shaky fiscal profiles need to get their finances in order--and fast. 

Volcano chaos: A pointer to potential Iran/Gulf smoke disruption?

April 28, 2010

volcanoAs if they didn’t have enough to think about, planners trying to pin down the unintended consequences of a strike on Iran may be required to reorder their lengthy worry list.

from Afghan Journal:

Killing more efficiently: America’s violin-sized missiles

April 28, 2010

A unmanned Predator being rolled out of a hangar.REUTERS/Chris Helgren)

(An unmanned Predator being rolled out of a hangar. REUTERS/Chris Helgren)

The CIA is using smaller, advanced missiles - some of them no longer than a violin-case - to target militants in Pakistan's tribal belt, according to the Washington Post.

Discord in Thai kingdom

April 27, 2010

THAILAND/ Punchai is arranging strings of flowers under the imposing statue of King Rama VI at the entrance of Lumphini Park in Bangkok. The statue overlooks one end of the sprawling “red shirt” encampment that occupies a 3 square-km area of downtown Bangkok.

The quality of MEPs is sometimes strained

April 27, 2010

I am not a Eurosceptic, but you do sometimes question whether the billions of euros European taxpayers’ dole out each year to the European Union — and specifically the European Parliament – is always money well spent.