
European Central Bank president Jean-Claude Trichet, left, and European Commissioner for the Economy, Olli Rehn, wait for the start of a meeting of the European Stability Mechanism in Luxembourg on Monday. (Virginia Mayo/Associated Press)
The basket case that is the Greek economy and its sovereign debt (the lowest ranked in the world) is playing out like a classic Greek tragedy on the minds of European heads and their finance ministers. (more…)
Yemen’s embattled President Ali Abdullah Saleh refused to sign a GCC-brokered power transition deal on Sunday, shortly after his party and its partners concluded the deal that would see him out of power in return for immunity from prosecution and end month-long protests. (more…)