Turkey's Careful Walk With the West, Muslim Brotherhood Jockeys For Power in Egypt Reply
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Turkey’s Careful Walk With the West
Omer Taspinar, director of the Turkey Project at the Brookings Institution, says Turkey believes diplomacy is what’s needed now in dealing with Iran, not sanctions or military action.
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Egypt: Muslim Brotherhood Jockeys For Power
Last weekend, Egypt’s parliament voted to start the process of a no-confidence vote for the military-backed, interim government of Prime Minister Kamal el-Ganzouri. Parliament also moved to vote to end more than $1 billion in U.S. aid for the Egyptian military. Do these dramatic moves mean that Egypt’s revolution is about to take a disastrous turn for the worse?
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Should Regulations be Tightened on International Credit Rating Agencies?
The enormous influence over the international economy of the three leading agencies that grade corporate and sovereign debt – Standard and Poors (S&P), Moody’s, and Fitch – has long been controversial and has led to calls for international regulations, especially during hard economic times. Due to the current European economic debt crisis, the European Union is considering new measures to tightly regulate these agencies, limit their independence, and require a rotational scheme where companies would be forced to change their rating agencies regularly. Could these new regulations do more harm than good to the world economy?
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