Periodic World Craziness Update # 6

The latest month’s wackiness in the world of international relations, politics, and  brinkmanship.

Europe rocked by Spanish banking crisis, Time to Admit Defeat: Greece Can No Longer Delay Euro Zone Exit:  At the top of the news for a week or so was the impending meltdown of the Greek economy and Euro experiment.

Greek euro exit looms as G8 gathers:  The question in my mind is not if Greece will leave the Euro, but when and what will be the wider consequences for the EU as a whole?  As I understand it, there is no mechanism for an EU country to exit the Euro without repudiating the EU treaty itself and also leaving the EU.  I am certain that if it comes down to it, the Brussels bureaucrats will find or manufacture a mechanism to stop a stampede of countries leaving the EU.  The question is what hoops are will they have to jump through to do that and are they really willing to go that far.  Mainly because, I think that if Greece jumps, the rest of the PIIGS group is likely to follow.

ANNUAL REPORT TO CONGRESS-Military and Security Developments Involving the People’s Republic of China 2011:

Pakistan convicts doctor who helped find bin Laden:  All I can say to this is Pakistan is supposed to be our Ally?  With friends like that we don’t need our enemies.

US raises prospect of intervention in Syria:  First, what would be the point of intervention?  Intervention in Libya has turned out so well?  Second, and this to me is actually the bigger question.   If the US were facing a home-grown insurgency/rebellion would we welcome international interference in domestic politics?  I think the answer is no.   If that is indeed the case, then why do we insist on sticking our noses in where US Strategic interests are not involved?

Militants cross into Israel from Egypt, 1 killed:  The big question in my mind is what is going to happen after a Muslim Brotherhood member takes the reins of power in Egypt?  I would guess that they will slowly back away from the Israeli-Egyptian peace treaty and eventually repudiate while at the same time instituting Sharia/Salafi type reforms in Egypt Itself.   I wonder if we are not going to see a resurrection of something along the lines of the 60’s era United Arab Republic and a heating up of the Arab-Israeli conflict.   It certainly seems within the ream of possible with the Salafists gaining the upper hand in the wake of the “Arab Spring”. the big question mark is what is going to happen in Syria.

There are also some pretty bid stories we know are coming, the biggest is probably what the Supreme Court is going to decide about Obamacare.   The next is probably the continued slow motion death of the Euro or perhaps the EU.



2 thoughts on “Periodic World Craziness Update # 6”

  1. The question I have is are we willing to confront Russia over Syria who seems to have drawn a line in the sand concerning their interests there. Also, will Israel stand by idly while we try to sort out the mess? Too many variables are unresolved to know for sure what is going to happen.

    • I would guess that with the current US administration and the belligerence of the Putin regime in Russia we would not be willing to confront them. This means that Russia can effectively stop an international action because of their Security Council veto and the Obama Administration would not be willing to do anything unilaterally before the elections for fear of Romney leveling charges of hypocrisy at him. Do not forget how much the Democrats beat Bush up for his supposed unilateralism while in office.

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