9 February 2012   Leave a comment

The protests in Tibet have led Chinese authorities to seal off certain areas from the foreign press.  These restrictions will certainly have a short-term effect, but they will likely be evaded over time.  But the restrictions suggest how seriously the Beijing government takes the protests.  Most likely, the next reports we hear will be of increasingly more organized, less individual protests than self-immolation.

It appears as if another agreement has been reached on the Greek debt crisis.  It is being hailed as the last step, but I wouldn’t believe it if I were you.  The terms are incredibly onerous on the Greek people and I would be surprised if it lasts.  Even if the terms hold, they are so sever that economic growth will not return to Greece anytime soon which makes it highly unlikely that Greece will be able to make future debt repayments.  I honestly cannot explain the policies being demanded of Greece by the European Central Bank and the IMF.  No one can seriously believe that the Greeks can grow themselves out of this problem.

Posted February 10, 2012 by vferraro1971 in World Politics

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