As journalists, we spend a lot of time watching politicians and policies to guage their impact on financial markets and economies. Now, as recession takes an inexorable hold in the Asia-Pacific region, we’re watching for the impact on politicians themselves.
Global News Journal
The Indonesian rupiah has lost more than a fifth of its value against the dollar so far this year and on Friday hit its weakest point since August 1998. Authorities swooped in to take over an
insolvent Bank Century, the first such takeover since the Asian financial crisis a decade ago.
The following piece is written by Turkey correspondent Ibon Villelabeitia:
A new and intimate documentary on Mustafa Kemal Ataturk, the
venerated soldier-statesman who founded modern Turkey after
World War One, has sparked controversy in this European Union
candidate country at a time of national self-absorption.
The heir to one of Greece’s most distinguished political families, Prime Minister Costas Karamanlis, helped his conservative New Democracy party sweep to power in 2004 by convincing Greeks tired of decades of socialist graft that he would clean up Greek politics.