FROM Mujtaba Rahman
Ukraine and Crimea: The Fallout Continues In yesterday's speech to Russia's ruling elite, Vladimir Putin said , according to this translation, "Don't believe those who scare you with Russia, who yell that Crimea will be followed by other regions." He said he did not intend to further divide Ukraine, but that annexing Crimea is part of re-unifying what he calls "historical Russia." Despite international outrage, it looks like a done deal. So far, Russia is feeling no pain from economic sanctions, but the US and Europe plan three steps of escalation starting tomorrow. How much economic damage will the West have to absorb in order to make a difference? Might Ukraine be better off without a restive Crimea? What will a confrontation with Russia mean for US policy toward Syria and Iran?
Is Time Running Out on the Eurozone? With a bigger economy than the United States, the Eurozone has the resources to avoid a break-up. But does it have the political will? With Greece imposing drastic austerity measures, Germany's parliament gave Chancellor Angel Merkel a bigger vote than expected today in support of increasing the Eurozone's bailout fund . We hear about the latest efforts to hold it together and the prospects for a double-dip recession worldwide.
Is Time Running Out on the Eurozone? The German Parliament today approved expanded powers for the European Union's main bail-out fund , a big victory for Chancellor Angela Merkel. But with Greece in the throes of protest over austerity measures, there's still concern that the can is being kicked down the road. How much longer will frugal Germans be willing to support other countries they regard as undisciplined spenders? Could Greece still default on its debt? Would that trigger an economic "contagion" threatening the global economy with drastic consequences for the United States?
Venezuela spirals into economic and political chaos Venezuela, a country whose potential for prosperity is unmatched, finds itself on the verge of civil war. What sustains the repressive government? With time running out, guest host León Krauze looks at what the international community can do to pull the country from the edge of collapse.