Nearly 22% of all Greeks are now unemployed as the government’s austerity measures begin to deepen. At this rate (nearly 50% higher than this time last year) the government will not be able to meet its budget requirements as set by the EU as more people will claim unemployment benefits and fewer people will pay taxes. The situation is virtually hopeless and it seems as if another default is inevitable. The government will hold elections in early May and we’ll see what the people demand.
As the economic crisis continues in Europe, it was likely that there would be a backlash against globalization and there is no more likely place for such a movement to take steam than in France. It appears as if President Sarkozy is riding such a sentiment as he prepares for the election he was predicted to lose. Perhaps the gambit will allow him to stay in office (I wonder what the German reaction to that outcome will be?)
North Korea appears ready to launch its satellite into space. It is currently waiting for the weather to clear (apparently Kim Jong-eun cannot control the weather as readily as his father). Whats is most interesting about this development is how little North Korea seems to care about the reaction of the rest of the world to its activities. The new government seems to be quite intent on proving its independence.
World Politics News 
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