I am one who believes that we are entering the last few chapters of the present Greek economic drama. But the larger issue of the eurozone’s prospects, forget about Greece’s, is another thing altogether. That could take several years to sort out. Read more

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T-bills aren’t America’s underbelly yet.

There is a widespread belief that the US must kowtow to China these days because there is one else who can finance America’s ballooning government debt. Post the global financial crisis, China is T-Rex – King of the US Treasury bill. Read more

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The nuclear safety summit showed that no one is really interested in foreign policy leadership right now.

Barack Obama’s nuclear safety summit was about a topic that, like Mom and apple pie, no one can really be against. But it was remarkably thin on actual accomplishment.

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Democracies that assassinate can get addicted to the tactic. Judicial process would be a good antidote.

I’m of the view Barack Obama is a “hard liberal” – in other words a Democrat who doesn’t shirk from military force. Read more

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I have come to expect that European conferences will be marked by excellent cuisine and mediocre ideas. It’s not that people who congregate on the Continent are somehow mentally addled by the taste of fresh oysters, endives and Chablis – it’s just that Europeans get ever more tongue-tied trying to match their soaring international objectives with their declining domestic capacities.

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