A pro-Putin rally. Photo AP

One round or two? For all the protests against Vladimir Putin, that has long been the only real question surrounding Russia’s presidential election, now just 10 days away. Will he get more than 50 per cent of the vote in the first round on March 4, with or without a little “massaging”, or will he be forced into a run-off with another candidate three weeks later?

Marie Colvin spent much of her career as a journalist telling the stories of ordinary people whose lives had been devastated by war. But her death in Homs today, may actually do more to bring home the horrors of the Syrian conflict to a western audience, than the thousands of reports that have been filed on the suffering of ordinary Syrian civilians.

The heroic war correspondent is a staple character in western films – and somebody that western audiences easily identify with. Colvin, who was killed alongside Remi Ochlik, an award-winning French photographer, certainly fitted the mould. She had bravely covered conflicts all over the globe.

Among political types, Rick Santorum has often jokingly been compared to Ned Flanders – that pious but kindly neighbour of The Simpsons who makes hot cocoa for Bart. On Tuesday the Drudge Report dug up (or was handed) the audio from a speech Mr Santorum delivered in Florida four years ago, which puts that comparison into the shade. It would be hard to imagine Ned Flanders talking quite so apocalyptically.

In his address, which is worth hearing in full, Mr Santorum said Satan was winning his war to take over America’s institutions. Having worked his way through American academia, which was “the first to fall”, the devil used the “domino effect” to topple “mainline Protestantism”, then “popular culture” and now “politics and government” in America.

After the latest Greek bail-out, there is a great deal of focus on whether the new deal is economically or financially-sustainable. The FT’s story on the leaked “downside scenario” report suggests that even those putting the deal together have severe doubts about whether it will stick.

But it is not just economic sustainability that matters. There is also the question of whether the deal is politically sustainable? What if the voters simply reject the deal?

Josefina Vázquez Mota. Photo AP

Women currently govern some 40 per cent of Latin America’s population. If Josefina Vázquez Mota wins Mexico’s presidential elections in July, that figure will rise to 60 per cent. “I will be Mexico’s first presidenta (female president),” Ms Vázquez said this month after she won the primary of the conservative National Action Party.

Welcome back to our continuing coverage of the eurozone crisis.

After more than 13 hours of talks, a second bail-out for Greece was agreed early on Tuesday morning. We’ll be bringing you reaction to the deal throughout the day. All times are GMT. By John Aglionby, Leyla Boulton and Tom Burgis on the news desk in London.

We’re going to wrap up now since, after getting no sleep last night, diplomats and officials across the eurozone appear to be heading home while Athens remains abuzz with how it will meet its side of the second Greek bail-out. To recap today’s highlights:

  • Negotiators for private bondholders have backed the latest Greek deal forcing them to accept a haircut, but avoiding a disorderly default next month.
  • While the euro rallied, European equities closed down as the deal left investors unimpressed while US stocks neared a post-financial crisis high, driven by psychological thresholds .
  • Evangelos Venizelos, Greek finance minister, told an Athens press conference that the official offer on the bond swap would be made to bond holders by the end of this week. A government official added that the collective action clause, forcing holdout investors to participate, would be approved by parliament on Thursday.
  • Reaction on the streets of Athens was muted, with leftwing parties saying the deal was bound to make the recession worse. Aleka Paparriga, Greek Communist party leader, said “it’s not impossible that this crisis will turn into a disorderly default within months”.
  • Lucas Papademos, prime minister, convened a cabinet meeting to put the finishing touches to a pile of legislation that must pass in parliament by the end of February – if Greece’s credibility is to be maintained at the March 2 summit of European leaders, the next stage towards getting funding from the bailout agreed overnight.
  • Greek government officials confirmed that the country will hold a general election at the end of April or the beginning of May.

By Gideon Rachman

The question of whether a war will break out over Iran’s nuclear programme has been around for so long that it is easy to become almost blasé. In 2006 Benjamin Netanyahu, the Israeli prime minister, was already asserting dramatically: “It’s 1938 and Iran is Germany.”

Photo: Getty

Welcome back to our continuing coverage of the eurozone crisis.

By Esther Bintliff and John Aglionby in London and Anjli Raval in New York, with contributions from correspondents around the world. All times GMT.

It was decision day on the Greek bail-out. After so many twists to this saga here is a round-up of what came out of the meeting of eurozone finance ministers after more than 13 hours of talks, courtesy of Peter Spiegel and Alex Barker of the FT’s Brussels bureau.

  • A long-delayed €130bn second bail-out for Greece was agreed on.
  • Further “haircuts” were pushed for after a confidential debt analysis showed that the previously-negotiated deal would cost €136bn and would only lower Greek debt to 129 per cent, rather than 120 per cent, of economic output by 2020.
  • Although Greek bondholders agreed in October to accept a 50 per cent cut in the face value of their bonds, they will now be offered a “voluntary” deal with a haircut of 53.5 per cent.
  • That will get Greek debt levels to 120.5 per cent by 2020, close to the IMF’s goal for long-term debt sustainability.
  • The euro rose 0.8 per cent to 1.3257 on the news, before falling back to 1.3263 at 4.20 GMT.

By Shawn Donnan, FT World News Editor

Anthony Shadid (C) as he interviews residents of Cairo's impoverished Imbaba neighborhood, during the Egyptian revolution. AFP PHOTO/ED OU FOR THE NEW YORK TIMES

Anthony Shadid (C) as he interviews residents of Cairo's impoverished Imbaba neighborhood, during the Egyptian revolution. AFP PHOTO/ED OU FOR THE NEW YORK TIMES

The Middle East and its conflicts have generated plenty of great works of journalism. However, the reporting produced by Anthony Shadid, the New York Times correspondent who died on assignment in Syria on Thursday, was exceptional.

While many others have found a calling in grand analysis of the region’s geopolitics, his was in the often heartwrenching stories of its people.

For more than a decade, the two-time Pulitzer Prize winner gave the Middle East’s citizens a compelling voice in a western media often more prone to stereotype and cliché.

Further uncertainty in Greece and Chinese princeling Bo Xilai under pressure

This week Gideon Rachman discusses with Peter Spiegel, FT’s Brussels bureau chief, whether time really has run out for Greece. He also talks to Jamil Anderlini, FT’s Beijing bureau chief, about Bo Xilai, the Chinese princeling who recently suffered a severe blow to his chances of becoming a member of the Communist party leadership.

Produced by Amie Tsang and Serena Tarling

The World

with Gideon Rachman

About this blog About Gideon Blog guide
Gideon Rachman and his FT colleagues debate international affairs.

Gideon became chief foreign affairs columnist for the Financial Times in July 2006. He joined the FT after a 15-year career at The Economist, which included spells as a foreign correspondent in Brussels, Washington and Bangkok. He also edited The Economist’s business and Asia sections.

His particular interests include American foreign policy, the European Union and globalisation
To comment, please register for free with FT.com and read our policy on submitting comments.

All posts are published in UK time.

Contact gideon.rachman@ft.com about The World blog.

See the full list of FT blogs.

The FT’s Brussels blog

For views and opinions on the European Union from Peter Spiegel, Joshua Chaffin, Alex Barker and Stanley Pignal, follow the FT's Brussels blog here.

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