The head of the IMF, Christine Legarde, issued a stern rebuke to Greece, saying that she had greater sympathy for the genuinely poor of the world than for the economic distress of the Greeks. While the statement is, no doubt, true, nothing could be more likely to inflame Greek sentiments against the austerity policies being imposed on them. We’ll see if the comments give a boost to the Radical Left Coalition in the 17 June elections.
2011 was yet another record year for the emissions of CO2, putting the world far behind track on avoiding climate change. While China has made tremendous progress in reducing its carbon intensity, the fact remains that its overall emissions keep on rising. The really depressing fact is that one would have expected emissions to have gone down slightly because of the price of gasoline. Apparently, nothing persuades us to consume less.
World Politics News 
Leave a comment