If the world thought that Europe’s finance ministers were running in to put out the blaze spreading through Athens and Rome this week, it might come as a surprise to learn they still don’t agree on the size of the fire or how to deal with it.
Global News Journal
Investors are hoping for something big from European leaders at the EU summit on Oct. 23 and of the Group of 20 on Nov. 3. But they also know the 17 nations of the euro have a habit of offering delayed, half-hearted rescues that have cost them credibility.
This week U.N. Secretary-General Ban Ki-moon‘s chief of staff, Vijay Nambiar, defended the United Nations’ record on Ivory Coast. In a highly unusual public rebuttal, Nambiar told former South African President and African Union mediator for the Ivory Coast conflict, Thabo Mbeki, that it was he — not the international community — who got it wrong in the world’s top cocoa producer.
from Summit Notebook:
Jim O'Neill, the new Goldman Sachs Asset Management chairman who is famous for coining the term BRICs for the world's new emerging economic giants, reckons he knows why Germany might not be rushing to bail out all the euro zone debt that is under pressure. Europe is not as important to Berlin as it was.
France attempted the arguably impossible on Wednesday by presenting a bill to ban Muslim face veils and asking Muslims not to feel it was singling them out in the process.