The stakes are rising in the eurozone crisis. It appears as if the EU is going to insist that Greece give up control of its national budget and allow a budget commissioner from the EU to approve spending and taxation decisions. If the proposal passes, it will be a decisive shift away from the normal procedures of the EU and toward the powers of a centralized government. The reaction of the British to this proposal will be important–one can easily predict what the reaction of the Greeks will be.
There’s an interesting tit-for-tat going on between the US and Iran about weapons designed to destroyed heavily fortified sites. The Wall Street Journal reported that current US weapons (called bunker busters because they can destroy facilities up to 200 feet below ground) are not capable of destroying Iranian nuclear facilities. In turn, the Tehran Times cites the WSJ article, but does not even mention that the facilities in question are nuclear-related.
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