Thomas L. Friedman on today's New York Times opinion page talks about two great geopolitical systems that are cracking apart: the euro zone that came into being after the cold war, and the Arab state system that came into being after World War I are both coming unglued: "In Europe, the supranational project did not work, and now, to a degree, Europe is falling back into individual states. In the Arab world, the national project did not work, so some of the Arab states are falling back onto sects, tribes, regions and clans."
http://www.nytimes.com/2012/06/13/opinion/friedman-two-worlds-cracking-up.html?_r=1&src=me&ref=general
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| AFP/Getty Images Man pleads for help outside a Madrid bank |
...and Gerald O'Driscoll (former vice president of Citigroup) on today's Wall Street Journal opinion page talking about "How the Euro Will End": "The Greek tragedy began with a fiscal crisis—brought on by the government spending more money than it took in—that became a banking crisis. In Spain, there is a fiscal crisis that exacerbates a banking crisis."
http://online.wsj.com/article/SB10001424052702303768104577458301368089854.html?mod=WSJ_hp_mostpop_read
A serious political talk show in Greece turns nasty:
An analyst stating that Spain has been "in denial" until this week:
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