With IMF leader Dominique Strauss-Kahn under arrest for sexual assault, many have predicted the Euro's demise. After all, DSK is a founding father of the common currency and the architect of bailouts that have propped up the euro zone.
Greece is the epicenter of the latest crisis of globalization -- the sovereign debt crisis. That country's prime minister, George Papandreou, has emerged as a key leader and thinker of the responsible left as he faces the challenge head on.
Unlike Greece, Venezuela controls its own foreign exchange, monetary, and fiscal policies. It can use expansionary fiscal and monetary policy to stimulate the economy, and also exchange rate policy by letting the currency float.