Russia and China voted in favor of sending 30 unarmed observers from the UN to monitor a “cease-fire” in Syria. Fighting is still going on in Syria, but there seems to be some sort of an agreement to declare an end to the shooting. I’m not sure what the observers will be able to accomplish, but it is way past time for the UN Security Council to acknowledge its responsibility to address the slaughter going on.
The economic situation in Spain is beginning to cause serious worries in Europe. The recent actions of the European Central Bank relieved some of the pressure on Spanish bonds, but, now that the ECB lending program is over, the yields (interest rates) on the bonds are going up again. Spain’s economy is significantly larger than Greece’s economy, so it will be difficult to bail out Spain in the same way Greece was bailed out. It appears as if a Spanish default is probably inevitable. The world’s major banks will be seriously affected if such a default occurs.
Supporters of the Palestinian people had planned a “fly-in” to the West Bank. Israel has decided that these 1,200 individuals will not be allowed to show their support for building a school in the West Bank. The Israeli response will be to send the protesters back immediately, or to prevent them from flying into Israel.
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