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- European Central Bank president Mario Draghi faces hurdles as he seeks to establish a monetary and fiscal compact among Eurozone members.
- The corruption trial of a son of former Iranian president Hashemi Rafsanjani is more about a power struggle than a fight against graft.
- Russia’s dream of a Eurasian Economic Union to rival the EU is under strain as prospective members refuse to follow the Kremlin’s ban on European imports.
- Iranians are finally able to share pictures and videos online after the government permitted operators to roll out faster internet, reports the New York Times.
Barack Obama’s decision to move back into the maelstrom of Iraq, from which he withdrew in 2011 after solemnly pledging to extricate US forces once and for all, would clearly not have been taken lightly.
Little under a year ago, after all, the president baulked at the last fence on Syria, declining to punish the Assad regime for nerve-gassing its own people – crossing a red line he had chosen to single out as inviolable. That was the wrong decision, and it is worth a moment to remember why. Read more
• War has created civilisation over the past 10,000 years – and threatens to destroy it in the next 40.
• Turkey‘s social media curbs are darkening prospects for its technology sector.
• Despite the undue frostiness that has greeted Iran’s nuclear spring, politicians and diplomats are convinced Tehran wants a deal.
• It took just four years for Kim Yong-chul to go from chief lawyer at Samsung to working in a bakery. Now the most high-profile whistleblower in South Korean history is back in the spotlight.
♦ In the new cold war, Russia could hit the US where it hurts – in Iran.
♦ Vladimir Putin has confounded three US presidents as they tried to figure him out.
♦ The decision in Egypt to hand the death sentence to 528 Muslim Brotherhood members was widely condemned, but Egyptian TV told a different story.
♦ The US is losing its edge as an employment powerhouse after its labour participation rate fell behind the UK’s.
♦ Russia’s actions in Crimea have sent a chill through its former Soviet neighbours in Central Asia and the Caucasus.
♦ American economist Hyman Minsky is back in vogue as his ideas offer a plausible account of why the 2007-08 financial crisis happened.
♦ Many Iranians see basij– the ideologically-driven volunteer forces of the Revolutionary Guards – as stick-wielding thugs, but they show a softer side as they sip cappuccino and discuss art at Café Kerase.
♦ Although demographic and other factors are against the US Republicans, the Grand Old Party is seeing a strange revival.
♦ It’s not a good time for Japan to put its tax rates up, which is why the government is allowing retailers to act like they haven’t.
♦ Much has changed in Sarajevo since the day in 1914 when Austrian Archduke Franz Ferdinand was shot, providing the spark that lit the flames of the first world war, yet much has remained the same.
♦ The Egyptian army’s gift of land for homes has prompted speculation over a closely guarded secret: the size of the army’s stake in the economy.
- Chris Giles warns that the message from the data behind the UK Budget is that the country’s public finances were terrible, are terrible and still need lots of work to repair.
- A Russian journalist who wrote a satirical letter to Putin asking him to send troops to restore the rights of Russians in Russia itself found the president was not amused.
- Iran’s traditional entertainers are having a hard time cheering Iranians as economic gloom blights new year festivities.
- Russian opposition politician Alexey Navalny tells the west how to really punish Russia over its ‘little war’ in Crimea.
Winston Churchill once famously described watching Soviet politics from abroad as “like watching two dogs fighting under a carpet”. It feels slightly similar today, watching Iranian politics from the West. There is clearly a struggle going on, underneath the Persian carpet, but exactly who is doing what to whom remains opaque.
Take last night’s television interview with President Hassan Rouhani. The president’s appearance was delayed, prompting his staff to tweet that he had been “prevented live discussion w/people…which was scheduled for an hour ago.”
Head of Islamic Republic of Iran Broadcasting, Zarghami, prevented live discussion w/ people on #IRIB1 which was scheduled for an hour ago
— Hassan Rouhani (@HassanRouhani) February 5, 2014
By Gideon Rachman
Faced with a dangerous political threat, governments the world over tend to place their faith in the same magic medicine – economic growth. When world leaders try to address the roots of terrorism, for example, they instinctively assume that prosperity and jobs must be the long-term answer. And when a regional conflict threatens to get out of control – in east Asia or the Middle East – the standard political response is to call for greater economic integration. From Europe to China, governments place their faith in economic growth as the key to political and social stability.