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Escrito por David Brooks
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Miércoles 01 de Septiembre de 2010 00:47 |
 Iraqi students in Babil Iraq, CC license lakerae
The U.S. venture into Iraq was a war, but it was also a nation-building exercise. America has spent $53 billion trying to reconstruct Iraq, the largest development effort since the Marshall Plan.
So how’s it working out?
On the economic front, there are signs of progress. It’s hard to know what role the scattershot American development projects have played, but this year Iraq will have the 12th-fastest-growing economy in the world, and it is expected to grow at a 7 percent annual clip for the next several years.
"Iraq has made substantial progress since 2003," the International Monetary Fund reports. Inflation is reasonably stable. A budget surplus is expected by 2012. Unemployment, though still 15 percent, is down from stratospheric levels.
Oil production is back around prewar levels, and there are some who say Iraq may be able to rival Saudi production. That’s probably unrealistic, but Iraq will have a healthy oil economy, for better and for worse.
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Escrito por Sal Emergui
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Martes 31 de Agosto de 2010 02:50 |
 Dos soldados se tapan la cara en el juicio militar por fotografiarse con un palestino detenido "La paz llegará cuando los árabes amen a sus hijos más de lo que nos odian a nosotros". "Podemos perdonar a los árabes por matar a nuestros hijos. Pero nunca les vamos a perdonar el hacernos matar a los suyos". 40 años después, estas dos frases de la primera ministra israelí, Golda Meir, podrían tener una versión actualizada y más frívola: "Podemos perdonar a los árabes por matar a nuestros hijos pero nunca les vamos a perdonar que nuestros hijos suban fotos a Facebook con sus detenidos esposados".
Eden Abergil no era ni un proyecto cuando Golda Meir gobernaba en Israel. La decisión de la ex soldado de 21 años de fotografiarse ante presos palestinos con los ojos vendados y enseñarlo en Facebook es un síntoma de que algo pasa a la juventud que es reclutada en el Ejército israelí. "La historia de Eden no es sobre ella ni tan sólo sobre la reacción moral del Ejército de condenarla y degradarla como soldado reservista. Es la historia de una nación entera que entra ya en la quinta década controlando por la fuerza a otro pueblo. Mirad a Eden y nos veréis a todos nosotros", escribe Uri Misgav en una columna a toda página en el diario de mayor tirada en Israel, Yediot Ajaronot.
Como si el destino quisiera advertir a la cúpula militar, al día siguiente del caso Abergil se conocía la detención de un teniente por robar varios ordenadores pertenecientes a la flotilla asaltada que pretendía llegar a Gaza. Este oficial aprovechó su permiso de acceso al puerto de Ashdod donde estaba atracado el barco turco Mavi Marmara para robar el material y luego venderlo. Un hecho "embarazoso" y "vergonzoso" en palabras de sus responsables.
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Escrito por Lorenzo Bini Smaghi
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Lunes 30 de Agosto de 2010 01:54 |
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When the euro was conceived two decades ago, few people expected it to have to weather a storm as great as the recent global economic and financial crisis. And many observers now think the entire European construct -- its institutions and currency -- has been so damaged by the crisis that it might not survive. A careful analysis of the problems within individual eurozone economies, particularly Greece’s, and in the architecture of the monetary union among them reveals what went wrong, how the EU has responded, and what the prospects of the euro really are.
Between 2008 and 2010, several things went wrong in Europe, the biggest of which was Greece’s financial crisis. For years, Greek fiscal policy had been unsound. Although private debt had been rising, the country’s overall debt-to-GDP ratio had not ballooned, because the Greek economy was growing. But that growth turned out to be unsustainable. When the global economic crisis hit, Greece’s deficit more than doubled. The problem was compounded by revelations that the government had grossly falsified and padded its budget in the run up to the 2009 parliamentary elections.
Unlike countries with national currencies, Greece could not address its problems through monetary policy. It can neither print money to inflate its debt away nor depreciate its currency to recover the international competitiveness of Greek goods and grow the economy out of debt. And unlike a subnational federal region in trouble, Greece, as a sovereign unit itself, could not have its falling revenues and rising social expenditures offset through simple fiscal transfers from the rest of Europe. Its labor force, moreover, is not mobile enough for excess to be exported elsewhere in the eurozone.
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