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Bitter EU disputes escalate over Greece bailout
This morning's key headlines from GenerationalDynamics.com.
Turkey's Prime Minister Recep Tayyip Erdogan has now condemned, in the harshest terms, the man he used to call "a good friend of mine." Referring to Syrian president Bashar al-Assad, as well as his younger brother Maher, he said, "Sadly, their actions are inhumane. The savagery right now... think about it, the images they are playing in the heads of the women they kill is so ugly, these images are hard to eat, hard to swallow." He indicated that he now supports a UN Security Council resolution condemning Syria -- a reversal of his previous position. Zaman and Al-Jazeera
Nearly 3,000 Syrians have fled into southern Turkey, into the refugee camp at Yayladagi, fearing a military assault by regime armed forces, but Turkey now fears that thousands may turn into hundreds of thousands of refugees. Turkish officials have neither confirmed nor denied a report that they have drawn up plans for an operation that would send several battalions of Turkish troops into Syria itself to carve out a "safe area" or "buffer area" for Syrian refugees inside Assad’s "caliphate." From the point of view of Generational Dynamics, Syria is in a generational Awakening era, and can't have a crisis civil war at this time. However, there's nothing stopping Syria from becoming the theatre of a proxy war between other countries which, like Turkey, are in generational Crisis eras. Zaman
Syrian security forces dealt brutally with demonstrations in cities across Syria on Friday. Thousands of residents of Jisr al-Shughour have been fleeing, many into Turkey. A military siege is unfolding in the town. Military forces moved into the town after the government said "armed gangs" in the region had killed 120 security personnel. VOA
Greece's Finance Minister Giorgos Papaconstantinou presented on Friday a fiscal plan to save 4 billion euros by 2015, in part by cutting some 150,000 jobs in the public sector. Papaconstantinou's plan would abolish public bodies that no longer serve a purpose. Kathimerini
A bitter political fight has broken into the open between Jean-Claude Trichet, president of the European Central Bank (ECB), and Wolfgang Schäuble, Germany's Finance Minister. The ECB position is that Greece should be bailed out by European taxpayers, and that investors should not lose any money on their investments. Since most of the investors are banks (in Europe and the US), the ECB position is that all the banks should be protected. The German position is that they're not going to spend hard-earned German taxpayer euros on Greece unless investors also contribute -- which would mean that Greece would have to go into some form of debt default (though it would be given a different name, such as "reprofiling" or "soft restructuring"). Trichet has raised the stakes by refusing ECB participation in any bailout that involves default, while Schäuble told Germany's parliament that he will not back down to Trichet's demands. Somehow or other, an agreement has to be reached by the end of the month, or Greece will be forced into bankruptcy. Bloomberg and Financial Times (Access)
Reporters for the mainstream media (MSM) must be very exhausted after staying up day and night covering the important geopolitical consequences of the hot tweets that Rep. Anthony Weiner sent to various good looking chicks. But their exhaustion didn't stop them from focusing on an even more cataclysmically important story, the release of e-mail messages from Sarah Palin's time as governor. These fine journalists certainly know what's important. Alaska Dispatch
German authorities have confirmed that domestically grown bean sprouts were the most likely source of the E.coli epidemic that has killed 30 people. "It’s the sprouts," said Reinhard Burger, head of the Robert Koch Institute for disease control and prevention. Irish Times
(Comments: For reader comments, questions and discussion,
see the 11-Jun-11 News -- Defense Sec'y Robert Gates repudiates the Truman Doctrine
thread of the Generational Dynamics forum. Comments may be
posted anonymously.)
(11-Jun-2011)
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