Links of the Week
The current edition of the Economist is packed with the Middle East. Some links:
For good or ill, change is coming to Egypt and Saudi Arabia soon. Thank you and goodbye.
When kings and princes grow old. The Saudi succession.
After Mubarak. This is the concluding article of their special report on Egypt. Links to all its articles are on the right side.
The Economist on the future of Europe
Now even the project’s greatest cheerleaders talk of a continent facing a “Bermuda triangle” of debt, demographic decline and lower growth.
As well as those chronic problems, the EU faces an acute crisis in its economic core, the 16 countries that use the single currency. Markets have lost faith that the euro zone’s economies, weaker or stronger, will one day converge thanks to the discipline of sharing a single currency, which denies uncompetitive stragglers the quick fix of devaluation.
Source: Staring into the abyss
Europe's demographic winter
Ecclectica: Dictatorship of the dying
The story of the Supreme Leader by IWPR
IWPR: The Cleric Who Changed
Robert Fisk on Israel and Armenian genocide
The Independent: Israel can no longer ignore the existence of the first Holocaust
The rich world and its debt bubble.
Stagnate, default, inflate—they all seem equally grim. The best solution for rich countries is to work off their debts through economic growth. That may be harder for some than for others, given that many countries’ workforces are set to level out or shrink as their populations age. It will be all the more important for such countries to pursue structural reforms that will increase productivity.
But outgrowing debt is not easy: the McKinsey study found that, out of 32 cases of deleveraging following a financial crisis that it examined, only one was driven by growth. America, which has a younger workforce than Europe or Japan, might still manage it. But for many other countries the hole they have dug for themselves may already be too deep.
Goblin Shark. Just when you thought you've seen them all...
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