Israel More Likely to Launch Preemptive Strike on Iran
Yesterday’s report in the Washington Post that Defense Secretary Leon Panetta believes there is a “strong likelihood” that Israel will launch air strikes on Iran nuclear facilities in “April, May or June” was not surprising to those who have followed developments in Iran and know Israel’s history.
Click Here to Read Full Analysis. As Euro Crisis Deepens, German Power Grows
Earlier this week at the European Union summit, Germany won wide support for its hard-hitting austerity plan to restore fiscal stability to the continent even as the aftershocks of the sovereign debt crisis continue to be felt. Although 25 out of 27 EU member states said yes to the plan, it had its detractors, including Britain, the Czech Republic (both refused to join the bandwagon) and currency manipulator George Soros, who denounced it as the beginning of a “death spiral” for the EU. Critics aside, Germany got its way, an outcome that has profound implications for the euro’s survival.
Click Here to Read Full Analysis. India: Supreme Court Tells Foreign Investors to Get Out
A landmark decision this week by India’s Supreme Court to void foreign telecom licenses is just the latest blow to foreigners planning to invest in India’s burgeoning economy. It is not just the ruling by the court to cancel 123 mobile permits won by 11 foreign companies in 2008 that will irk foreign investors, but also a decision by the justices on how the licenses would be auctioned at a later date. This move follows a series of other policy reversals by Indian officials that may have long-term negative repercussions for foreign investment.
Click Here to Read Full Analysis. Libya: U.S. Companies Weighing Opportunities Against Instability
The Libyan National Transitional Council (NTC) needs to woo U.S. private companies in hopes of rebuilding the country and stabilizing the economy and the political situation. Although the country provides extensive opportunities for U.S. companies in numerous U.S. sectors, insecurity and lack of government legitimacy has given foreign investors pause about rushing into the country. Major oil companies that are doing business Libya include ConocoPhillips (COP) and Marathon Oil (MRO).
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