Smart Links 08 February 2012
Commentary on the bold move by ECB President Mario Draghi to stem the crisis, booting out Greece, Meryl’s Maggie, the coming war with Iran, and Prime Minister Harper’s lousy stewardship of the economy.
By offering banks ultra cheap three year loans and flooding the banking system with liquidity the ECB prevented a Lehman scale credit crisis, for now.
Financial Times -- Eurozone crisis: A deft way to buy time
ECB chief Mario Draghi has helped hold off a credit crunch but deep economic and political problems remain.
New York Review of Books -- For Europe: ‘The Firepower Is There’: An Interview
This interview with Klaus Regling, the head of the European Financial Stability Facility (EFSF), took place on December 17, 2011, and was broadcast on Al Jazeera.
How do you say goodbye in Greek?
Globe and Mail -- Euro leaders begin to talk openly of jettisoning Greece
There's still no deal in Athens, but there is something of note: Some euro zone officials are now talking openly about Greece leaving the 17-member monetary union.
Meryl Streep’s magnificent portrayal of Margaret Thatcher opens up old wounds.
New York Review of Books -- Daddy’s Girl
In the spring of 2001, at the Conservative Party Conference in Plymouth, Margaret Thatcher made a joke.
Countdown to war. Thanks to Michael of Montreal.
ynet.com -- War with Iran is coming
Israel will bomb Iran’s nuke sites earlier than predicted, with Western and Arab support.
Telegraph -- If we bomb Iran, Tehran will go nuclear.
What should Israel and the West do about Iran?
Daily Beast -- Israel and Iran on the Eve of Destruction in a New Six-Day War
There are plenty of arguments against an Israeli attack on Iran. And all of them are bad.
The ‘mainstream’ media is starting to reflect on the damage that the Conservatives have done to the economy.
Globe and Mail -- The myth of Tory economic performance
The extent to which the Conservatives’ propaganda machine will go was illustrated last week by the news, courtesy of The Canadian Press, of the staging of a Potemkin-village-style citizenship reaffirmation ceremony.
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