Financial Crisis and Geopolitics

European Union leaders are working around the clock to create a new measure to defend the euro before financial markets reopen on Monday. EU finance ministers will meet on Sunday to discuss the plan.

On Wednesday, the government's partial ban on so-called naked short-selling took effect, as part of Berlin's effort to protect its biggest financial institutions and the euro currency from investors who have been betting against them.

It feels perversely quaint that the national conversation is momentarily focused on the likelihood of insider trading cases dropping on a hive of nefarious and presumably well-connected individuals -- huge cases, we are told via breathless leaks from the federal cops on the beat, cases worth -- are you sitting down? -- tens of millions of dollars. With numbers like these, one can only imagine what's up next -- a crackdown on employees who brazenly pilfered office supplies from their jobs at publicly bailed-out institutions like Bank of America, perhaps?

They have been shot at, imprisoned, deported and threatened - what makes somebody prepared to risk their lives to go into the occupied territories?

"Controlling the finance sector's excess returns"

Com a crise financeira européia, está se dando um passo a mais no avassalamento da Europa. Com o Tratado de Lisboa, a Europa entregou sua defesa à Organização do Tratado do Atlântico Norte (OTAN): acabou-se o velho sonho de uma defesa européia independente. E agora, com uma política financeira controlada pelo FMI, a UE renunciou a um pilar essencial de sua independência. Sem a defesa e a moeda, não lhe resta nada para afirmar sua independência dentro do bloco ocidental e frente ao resto do mundo.

The IMF has warned euro nations that without more centralised control they risk sinking back into recession

At almost 20 percent, Spain suffers the second-highest unemployment rate in the European Union. But the rate for those just entering the job market is twice as high. This month, Madrid wants to push through far-reaching labor market reforms. But opposition promises to be fierce.

Brazil's economy grew at its fastest rate in at least 14 years in the first three months of 2010, official figures have shown.

Turkish Prime Minister Recep Tayyip Erdogan's handling of the Gaza crisis has brought him into the spotlight - and his country into the centre of regional politics. Patrick Cockburn reports

For decades, Turkey was one of the United States' most pliable allies, a strategic border state on the edge of the Middle East that reliably followed American policy. But recently, it has asserted a new approach in the region, its words and methods as likely to provoke Washington as to advance its own interests.

Quand la crise sévit, elle ne dérobe pas seulement l'emploi, ne réduit pas seulement les moyens de subsistance. Elle provoque aussi un effet sur les esprits : celui de réduire à néant les espoirs que fondent les parents sur les études. Pourquoi s'acharner à scolariser ses enfants quand "les retours attendus en termes de travail et de revenus s'amoindrissent" ?

As elites brasileiras, tidas por Darcy Ribeiro como das mais reacionárias do mundo, nunca aceitaram Lula porque pensam que seu lugar não é na Presidência, mas sim na fábrica produzindo para elas. A nossa imprensa comercial é obtusa face ao novo período histórico que estamos vivendo. Por isso abomina também a diplomacia de Lula.

As the rest of the world works itself into a panic over debt and deficits, Paul Krugman continues to argue that acting on this fear will quickly make things far worse

The International Criminal Court (ICC) has forced governments to alter their behaviour in the eight years of its existence, the UN chief has said.

theRSAorg - April 01, 2010 - This lively RSA Animate, adapted from Dan Pink's talk at the RSA, illustrates the hidden truths behind what really motivates us at home and in the workplace.

It was neither tax evaders in Greece nor hedge funds that caused Europe's existential crisis -- political leaders in the euro zone share a great deal of the responsibility. They have been either unwilling or incapable of doing their jobs.

The period from March 2009 was the year of wishful thinking. Central banks cut interest rates and governments opened their cheque books providing a flood of cheap money that gave the illusion of recovery and a normal functioning economy. By pouring a lot of water into a bucket with a large hole, the world sustained the impression that the receptacle was almost full.

A luta de classes está de volta à Europa e em termos tão novos que os atores sociais estão perplexos e paralisados. O relatório que o FMI acaba de divulgar sobre a economia espanhola é uma declaração de guerra. Os movimentos e as organizações de toda a Europa têm de se articular para mostrar aos governos que a estabilidade dos mercados não pode ser construída sobre as ruínas da estabilidade das vidas dos cidadãos e suas famílias. Não é o socialismo; é a demonstração de que ou a UE cria as condições para o capital produtivo se desvincular relativamente do capital ou o futuro é o fascismo. O artigo é de Boaventura de Sousa Santos

Last week, Brazilian President Lula da Silva and Turkish Prime Minister Reccep Erdogan announced a breakthrough agreement on the Iranian nuclear impasse that they claimed would make further sanctions on Iran "unnecessary." The agreement, accepted by Iran, was immediately rejected by the US and its European allies, who chose instead to continue the three-decade long US effort to strangle and isolate Iran by all means available. In what Graham Fuller, a top-ranking former intel official, called "a stunningly insulting response," Hillary Clinton proudly announced consensus for a fourth round of sanctions against Iran days later, which she called "as convincing an answer to the efforts undertaken in Iran in the past few days as any we could provide."