Concerns about the Cyprus bank bailout continue to simmer. The new concern is that many people with deposits larger than 100,00 euro were able to take out their money before the capital controls went into force. If true, then the restructuring will not raise the $13 billion necessary. Cyprus had initially ordered its banks to open on Tuesday–that order has been rescinded and now the banks have to remain closed until Thursday. The Cyprus story is far from over.
Source: The Economist, 25 March 2013
A Palestinian protest camp set up to draw attention to Israeli settlements has been taken down by Israeli authorities. The protest has been going on and off for several months, but the most recent camp was set up specifically to draw attention during President Obama’s visit to Israel. Unfortunately, the peaceful protest drew very little attention from the media.
Stephen Walt has published a very intelligent blog post on the difference between realism and constructivism using President Obama’s trip to Israel as a case study. Definitely worth reading.
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