• Martin Wolf demolishes David Cameron’s argument that “there is no alternative” to austerity. “Mr Cameron argues that those who think the government can borrow more ‘think there’s some magic money tree. Well, let me tell you a plain truth: there isn’t.’ This is quite wrong. First, there is a money tree, called the Bank of England…”
• Strengthened by an unusual cross-party consensus, Mexico’s President Enrique Peña Nieto is challenging the tycoons and duopolies that dominate the corporate landscape.
• The US won the war, Iran won the peace and Turkey won the contracts – the FT looks at the true victor of the Iraq war, ten years on.
• Meanwhile filmmaker Maysoon Pachachi speaks to the FT about bringing Baghdad to life on screen.
• In Tunisia, the revolution and its aftermath are playing out on an avenue named after Tunisia’s first post-independence president, Habib Bourguiba.
• Larissa MacFarquhar examines the darker side of Aaron Swartz.
• Guinea-Bissau, the world’s only “narco state”, is a major hub of cocaine trafficking between Latin America and Europe, but any wealth it derives from its middleman status has been offset by increased violence and instability, according to Der Spiegel.
• Two of Saudi Arabia’s most prominent human rights activists were sentenced to long jail terms over the weekend. Marc Lynch at Foreign Policy looks at how, despite their being sentenced between John Kerry’s first visit to Riyadh and a visit from the Attorney General, neither has said anything about the case.

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