Is war with Iran really inevitable? Yesterday’s Guardian tries to make a case for ways to avoid it, but doesn’t sound very optimistic about it really. (Impeachment proceedings against Vice-President Cheney may be the ticket to keep him focused away from Iran.)
Most headlines in Europe deal, of course, with Pakistan and Musharrafs attempt to stay in power at all costs. Journalists and lawyers are among the first to bear the brunt of the State of Emergency, while Islamists are not easily deterred and fuel the crisis. There were even rumours that Musharraf himself has been arrested by his second in command. This, however has been promptly denied. The latest developments indicate, that elections will be held in January, this seems to be mainly due to pressure from the US, who can ill afford such an outcome to their Democratization of the Middle East.
“What if Iraq hadn’t happened?” asks Tim Watkin in “The Guardian” and triggers a lively discussion. It has happened, however, so the exchange of thoughts may be considered moot by some.
The Dollar has lost 34% against the Euro since 2001, mainly due to the spending frenzy during the Bush administration. Small wonder, that celebrities like Gisele Bundchen insist on getting paid in Euros.
Banks all over the world are getting a thrashing at the stock markets for their continued gambling in the global credit casino for the last years. UBS, Barclays and Citi are among the more prominent victims of asset backed securities that turned into half-assed securities.
Despite all the woes of the world, I wish you all a good start into the week!