Turkish Prime Minister Recep Tayyip Erdogan's visit to Washington on May 16 comes at a pivotal time when the Middle East is riddled with extraordinary conflicts that have the potential of exploding into a regional war.
While some hope of a miracle occurring in the coming months remains, so does the question of whether the new Slovenian government is willing to invest enough political capital to push through the necessary reforms before the capital markets decide to lock Slovenia out once again.
The drop in gold is puzzling considering gold's status as a safe-haven asset. Some attribute the drop in gold to the fact Cyprus may have to sell its gold reserves. But last Monday's drop was just a continuation of a long slide in the price of gold over the past several months.
Yet for all the humbug and melancholy, the ratings agency Standard & Poor's has some unexpected good news in its new report. Contrary to what your Twitter feed may suggest, a number of nations are making notable progress in reforming fiscal and economic policies to account for population aging.
Has the New York Times ever had Krugman spend two hours educating its financial reporters about austerity and the euro's design defects? That would be one of the best investments it could ever make in raising the quality of its reportage on these issues.
I was struck by what came out of the Troika this week after it finished negotiating the program with the authorities in Cyprus. This is not the first time officials bungle an element of the Cypriot rescue.
It is now clear that the endgame of financial crisis in Europe is not a game of chicken with debtor nations that threaten to leave the Euro, but rather a contentious (but one-sided) debate over how much local bank depositors will have to share in the cost of future bailouts.
The role of the Troika in bailing out governments and banks is nothing new, but the solutions put forward by EU leaders to improve the Cypriot crisis seem to be founded on little foresight, and without regard for the tragic mistakes of the past few years.