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slightly_optimistic 05/13/2010 01:11 PM Report
*Debt restructuring for Europe and the US? A matter for the G20?*
Might first be a matter for NATO.
The NATO charter covers finance: Article 2 – the so-called Canadian Article - reads: "[The Parties] will seek to eliminate conflict in their international economic policies and will encourage economic collaboration between any or all of them."
Does NATO use Article 2?
slightly_optimistic 05/13/2010 10:10 AM Report
From the interview:
CHARLIE ROSE: What is the foreign policy urgency facing this president today?
RICHARD HAASS: domestic policy. It`s getting this country`s economic house in order. Unless we do something about the deficit and the resulting debt, we will not be able to sustain our role in the world.
An update:
In today's FT, Richard Haass writes that NATO may play no further part in US foreign policy: 'Goodbye to Europe as a high-ranking power'. This is because the US is unlikely to agree with NATO's new strategy, which will be announced later this year.
The main cause of disagreement? The international monetary system (see comment on the interview here with Nouriel Roubini). Dr Haass says structural economic flaws, essentially, will accelerate the transatlantic drift.
In yesterday's paper, a recent interviewee - Martin Wolf - reckoned that debt restructuring would help to remedy the structural economic flaws in Europe.
Debt restructuring for Europe and the US? A matter for the G20?
REMant 03/15/2010 01:11 PM Report
I agree proclamations like Newsweek's are premature. I see that Friedman is among those telling women this weekend that they should overthrow all non-liberal regimes. Blair said he'd do it again WMD or not and I concluded a long time ago that WMD didn't actually figure in anyone's thinking, except for its propaganda value. The choice of Iraq over Afghanistan suggests to me that terrorism was never the motive either. I think it was mostly about oil and egos, to a lesser extent over Israel and the religious right and the associated politics, and, last about the "compassion" they share with most liberals.
doodahdaze 03/15/2010 12:54 PM Report
Obama would do the country and himself a favor to listen to guys like this and blow off guys like Eric Holder. He can govern from the left as long as he comes to the right when it matters the most. He can make a big show for his natural leftist views by reinstating 'capitalism-preserving' banking regulations and maybe create a consumer-protection agency to watch over the so-called 'bankers' and counter the Fed and Treasury's pro-corruption propensities. And if he could continue incremental success in Iraq and Afghanistan, he would make this conservative very happy. And the real-people liberals will still love him. Only the far left and far right would be rattling their sabers and crying like babies; but they would be doing that anyway.
doodahdaze 03/15/2010 12:50 PM Report
Obama would do the country and himself a favor to listen to guys like this and blow off guys like Eric Holder. He can govern from the left as long as he comes to the right when it matters the most. He can make a big show for his natural leftist views by reinstating 'capitalism-preserving' banking regulations and maybe create a consumer-protection agency to watch over the so-called 'bankers' and counter the Fed and Treasury's pro-corruption propensities. And if he could continue incremental success in Iran and Afghanistan, he would make this conservative very happy. And the real-people liberals will still love him. Only the far left and far right would be rattling their sabers and crying like babies; but they would be doing that anyway.