10 January 2013   Leave a comment

Greek unemployment levels have reached historic highs.  The austerity program imposed on Greece has succeeded in reducing the budget deficit to a certain degree, but the human price of that success has been extraordinary, particularly on the 17-24 age bracket.  It remains to be seen whether economic growth will return to Greece any time soon.

Violence between India and Pakistan over the disputed territory of Kashmir is slowly accelerating.  Relations have been improving between the two states for the last few months, so this recent outbreak of hostilities is difficult to interpret.  We’ll have to watch whether this crisis has the potential to explode.

Posted January 11, 2013 by vferraro1971 in World Politics

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