The Greek Crisis Resurfaces

The batch of downgrades on European credit, delivered over the weekend by Standard Poor’s ratings agency, prompted angry threats that Europe would have to create its own ratings agencies to bypass the American ratings agencies. The downgrades made yesterday’s credit and recovery plan calculations obsolete by increasing the cost of borrowing for nine European countries. […]

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Germany Will Not Allow Tehran to go Nuclear

A nuclear-armed Iran is unacceptable, Germany’s new Foreign Minister Guido Westerwelle said on his first official visit to Israel and the Palestinian Authority. Guido Westerwelle, of the Free Democratic Party, also urged quick resumption of Middle East peace talks, with a two-state solution as the goal. Meeting Monday in Jerusalem with his Israeli counterpart, Avigdor […]

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