Compromise Reached on Writing Egypt’s Constitution
Islamists and secularists agree to form a panel to rewrite Egypt’s constitution.
News
Greece on the Brink, Risks “Vortex of Self-Destruction”
Greece’s former prime minister predicts further economic contraction if the country exits the euro.
Spain Downgraded, Bank Bailout Expected Soon
Spain is expected to ask its European allies for help to prop up its ailing banks.
Panetta “Reaching the Limits of Patience” With Pakistan
The American defense secretary urged Pakistan to expand its military operations against insurgent safe havens.
Berlin Really Doesn’t Want a European Banking Union
German taxpayers are resistant to underwriting foreign bank deposits.
Egypt’s Generals Issue Ultimatum to Parliament
The generals in charge of Egypt demand a new constitution before there are elections.
Panetta Wants Greater Role for India in Afghanistan
The United States can hardly antagonize Pakistan further, so why not ask India’s help?
Spain Asks European Help to Recapitalize Banks
Finance minister admits that Spain can’t afford to prop up its banking sector on its own.
Spain’s Economic Climate Not Reflecting the Season
Summer is normally the most financially productive time of the year in Spain.
United States Expanding Naval Presence Across Asia
Leon Panetta tells Singapore and Vietnam that the United States are “rebalancing” to Asia.
Brzezinski: Let’s Not Be “Emotional” About Syria
The former American national security advisor argues the regional dynamics undermine the case for intervention.
Respite for Spain, Fiscal Challenges Remain
Spain is offered an extra year to reduce its budget deficit, a target its autonomous regions are unlikely to meet.
Iraq Warns Turkey Over Kurdistan Pipeline Deal
Baghdad opposes Kurdish plans to trade oil and gas. Turkey welcomes them.
German Politicians, Public Strongly Against Eurobonds
Merkel insists that it “makes no sense” to jointly issue sovereign bonds in the eurozone.
Dempsey Considering “Military Option” in Syria
He cautioned against it three months ago.