From the Top of the Acropolis: How Greece’s Economy Imploded

Propylaea

Steven Hill: When the true size of Greece’s deficit was revealed to the world, the bonds markets went berserk. The interest rates on Greece’s sovereign debt spiked to unheard of proportions, threatening the solvency of the government, and the rest is history.

Why Most Counterinsurgency Wars Fail

Filipino casulaties in the Philippine-American War.

But isn’t there hope for Iraq and Afghanistan because opposition forces are divided and often unpopular? Not really. The problem in Iraq is that as U.S. forces draw down, the now reduced guerrilla war could turn into a civil war among the Sunni, Shi’ite, and Kurdish ethno-sectarian groups. In Afghanistan, Afghans regard the United States as a foreign occupier, are suspicious of the U.S. long-term military presence, do not support a surge in U.S. forces, do not think it will defeat the Taliban, and thus support negotiating with the insurgents.

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