The Economist periodically runs online debates on topics of great public interest. These debates are patterned after traditional Parliamentary Debates and the motion discussed this week is: “This house believes that military intervention in Syria would do more harm than good.” There are essays supporting and opposing the motion and a vigorous online debate. I won’t ask any questions about this post in the American foreign policy class quiz next week, but I highly recommend the posting for those who wish to be better informed about the options available to the world in the face of this tragedy.
The Greeks have passed a law to restructure its debt, imposing losses on private bondholders. Private investors will now have to decide whether to accept these losses (perhaps as much as 75%). These debts need to be resolved by 20 March, so there will be a high degree of posturing and brinksmanship among the bondholders. It will be an interesting week, but most of the gory details will be carried out in secret. We will be reading tea leaves for a while.
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