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EU’s Greek bailout not turning out so good
It’s the firm belief of bureaucracies with control of the citizenry’s treasure that the allotment of said treasure is to the benefit of societies, and the healer of all of a nation’s ills.
In Greece, not so much:
The eurozone’s first ever bailout of a debt-laden member country is failing and will need to be renegotiated exactly a year after the €110bn (£96bn) rescue package was agreed for Greece.
Following secret talks in Luxembourg on Friday between Athens and some of the key EU players, it emerged that Greece will not be able to meet the terms of last year’s rescue and is hoping to ask the eurozone for more funds.
As Britain made clear it did not want to offer any more support for Greece as part of an EU package or a bilateral loan, investors remain unconvinced of the ability of Athens to sustain its €340bn debt load.
Signalling that his government will struggle to finance itself on the bond markets by next year – which was part of the deal struck with the eurozone and the IMF – the Greek finance minister, George Papaconstantinou, said: “We will either go out to markets or use the recent decision by the EU that allows the European fund to buy Greek bonds. The markets continue to disbelieve in our country.”
Greece is known for government-subsidized, 50-year old retirees and citizens dependent on government money. Turns out that’s not such a good thing.
Libyan rebels include Al Qaeda fighters
This should come as no surprise to anybody:
Abdel-Hakim al-Hasidi, the Libyan rebel leader, has said jihadists who fought against allied troops in Iraq are on the front lines of the battle against Muammar Gaddafi’s regime.
In an interview with the Italian newspaper Il Sole 24 Ore, Mr al-Hasidi admitted that he had recruited “around 25″ men from the Derna area in eastern Libya to fight against coalition troops in Iraq. Some of them, he said, are “today are on the front lines in Adjabiya”.
Mr al-Hasidi insisted his fighters “are patriots and good Muslims, not terrorists,” but added that the “members of al-Qaeda are also good Muslims and are fighting against the invader”.
His revelations came even as Idriss Deby Itno, Chad’s president, said al-Qaeda had managed to pillage military arsenals in the Libyan rebel zone and acquired arms, “including surface-to-air missiles, which were then smuggled into their sanctuaries”.
Was President Obama aware of any of this before he started a war with Libya?
“Qaddafi has better weapons”
France and England are making noise about bombing Libya and/or establishing a no-fly zone, respectively. Both countries want “action” in North Africa, but there’s a lot of hand-wringing as to what that action will be. One thing is clear, though. The EU has spoken:
An EU summit call today for Gaddafi to “relinquish power immediately” is seen as vital for helping to win support from Arab League meeting of foreign ministers on Saturday. [...]
William Hague, the foreign secretary said that Britain was happy to talk to the council, but stopped well short of recognition. A letter written by Mr Hague yesterday urged the EU to strip Gaddafi of diplomatic recognition.
“The EU and its member states will not work or co-operate with Gaddafi [and should] support the suspension of Gaddafi’s sovereign immunity, removing from him the protection enjoyed by heads of state,” he wrote.
Meanwhile, it’s becoming apparent that the rebels’ inexperience and lack of weaponry appears to be making all the difference as Libya explodes into civil war:
“We have God on our side and a just cause, but Qaddafi has better weapons,” says Sarhan Khaled, a 34-year-old businessman who has been fighting just west of the oil town of Ras Lanuf for the past four days. “We’ll fight either way, but we’d like the international community to stop his planes.”
This afternoon NATO is considering a no-fly zone to protect the uprising – something the rebels have been begging for – and economic sanctions have been heaped on Qaddafi and his associates. [...]
[E]vents today show that consideration of further moves could soon become moot.
Late Thursday afternoon some of the largely civilian militia at the forefront of the uprising against Qaddafi’s 41-year reign started to withdraw from Ras Lanuf after a withering assault by mortars, rocket fire, and warplanes over the past two days.
After pummeling the rebel positions from the air, forces loyal to Qaddafi maneuvered in the desert south of the lightly armed rebels, who are generally visible in large clusters along the highway, to attack them from their flank. As of this writing, the town appeared to remain in rebel hands, albeit shakily.
Today’s assault, to be sure, involved far more than planes. Though the rebels have rockets, they have had difficulty locating Qaddafi’s forces and are generally unskilled operators. That means that Qaddafi’s forces have been able to rain mortars and rockets on the area with little fear of reprisals.
Does anyone else think that the EU’s chest-thumping is falling on deaf ears? Does anyone believe that Qaddafi is taking them seriously? I’m trying to think otherwise, but there’s really no convincing information to the contrary.
The Frankfurt killings were an act of terrorism, Mr. President
Earlier this week, Rajb Karim, a Muslim working in the IT department at British Airways, was found guilty for plotting to blow up airplanes en route to the United States. Reports indicated that he was a disciple of the radical cleric Anwar al-Awlaki, and that he supplied the cleric with information available from his job.
From the story reported in the Guardian:
Jonathan Laidlaw QC, prosecuting, said of Karim: “He is … an Islamic extremist, with close association to, if not membership of Jamaat ul-Mujahideen Bangladesh, an organisation committed to the establishment of Islamic rule in Bangladesh, responsible for terrorist attacks in Bangladesh, and with links to al-Qaida. The defendant … believes terrorism, including murder of civilians, is permissible to establish, as he views it, a true Islamic state. [He] was anxious himself to carry out such an attack and determined to seek martyrdom.”
In February last year Awlaki wrote to Karim: “Our highest priority is the US. Anything there, even on a smaller scale compared to what we may do in the UK would be our choice. So the question is with the people you have is it possible to get a package or a person with a package on board a flight heading to the US?”
I’m bringing this up in light of today’s killing of two United States airmen in a military bus in Frankfurt. The troops were on their way to Afghanistan, and the killer had an interesting choice of words:
When he opened fire, the gunman, identified as a long-term resident of Germany, shouted “Allahu Akbar,” according to sources. He fired nine times, killling two and critically wounding two others before the gun jammed and he was subdued by other passengers. While being wrestled into submission, the suspect shouted either “Jihad Jihad” or “Allahu Akbar,” sources said
Let’s not jump to any conclusions as to what this man’s motives were, however.
From the New York Times:
An American military official, speaking on ground rules of anonymity, said that the United States was not ruling out terrorism, although it was unclear if the suspect was acting alone or with partners. “I don’t know if he’s tied to a group,” said the official. “But there is enough information at this point to indicate that he identifies with Islamist terrorist ideology.”
As the first story points out quite clearly, these extremists want us dead because we’re Americans. They make it quite clear, that this is their intent. They. Want. To. Kill. Us.
These are pure acts of terrorism. There’s no difference between what happened in Frankfurt and what happened in Fort Hood. And unfortunately, there probably won’t be any distinction in the Obama administration’s reaction to today’s events.
Ignoring the fact that radical Muslim extremists are a significant part of the problem, or playing nice with them by not using terms like “Islamic terrorism”, or giving grandiose speeches in Cairo, will not abate their hunger for American blood. They are what they are.
“Gaddafi has hours left”
So says a Libyan diplomat:
The recently resigned Libyan representative to the Arab League, Abd Al-Mun’im al-Huni, said Saturday that “the regime in Libya is in its final hours”. Muammar Gaddafi no longer controls large parts of Tripoli, he added. [...]
In an interview published Saturday by London based Al-Sharq Al-Awsat daily, al-Huni said Gaddafi is in dire straits and that he had sent calls of assistance to his tribesmen in the coastal city of Sirte. [...]
The Libyan diplomat said protesters were willing to sacrifice their lives in order to get rid of the leader. “It’s only a matter of time,” he said. “Gaddafi has just hours left.”
Italy’s Silvio Berlusconi, Libya’s closest European ally:
“It appears that, effectively, Gaddafi no longer controls the situation in Libya.”
Meanwhile, the United States has closed its embassy in Tripoli and the United Nations is meeting today. Good luck with anything substantive coming from that.
UPDATE. Tripoli is buckling:
Gaddafi’s security forces have abandoned parts of Tripoli, where protesters now openly defy the regime, Reuters reports.
The withdrawal of security forces from the working-class Tajoura district after five days of anti-government demonstrations leaves Gaddafi’s grip on power looking tenuous, says the news agency.
Angry, left-wing rhetoric: Hey, let’s punch Paul Ryan in the face for being “stupid”
Matt Yglesisas writes a post on Paul Ryan, criticizing the congressman’s comments at a recent congressional hearing.
Some violent left-wing rhetoric intelligent and learned thoughts , those that only progressives are capable of, ensue in the comments:
Clearly, ”TL Jackson” is a moron who really needs to be punched in the face. And I’m waiting with bated breath for Yglesias to call out his commenters for singling out public officials and advocating violence against them.
Hypocrites.
Wow!
Last night, Aaron Rodgers gave one of the most unbelievable and dominating performances by an NFL quarterback that I’ve ever seen in my lifetime. And I’m saying this as a guy who’s been a Packer fan since 1990, and all throughout the Brett Favre years. Just absolute domination with the football, and he tore apart the Falcons secondary.
And now we’re going to the NFC Championship game!
Go Pack!
Snow Day
Yesterday morning, I went to get the paper and did some grocery shopping for the impending snow storm. As I got back to my place around 11 am, the snow flurries began. It didn’t stop until sometime early this morning.
Here in Central Jersey, we got about 18 inches, so it came down about almost two inches an hour. I just got in from shoveling out my car, but it was almost useless as there is a biting wind and I’d say the temperature is not getting above 30 degrees, which really doesn’t help at all.
I have no problem with snow and cold weather, but this is ridiculous. Winter is not even a week old, and it’s already picking up where last winter left off. Somebody pissed off the snow gods royally.
So basically, I’ve been inside since Christmas night. It’s worth noting that the Green Bay Packers shellacked the New York Giants yesterday afternoon at Lambeau Field, or rather, the Giants beat themselves with six…SIX…turnovers. It’s not done yet for the Packers as they finish out the season at Lambeau in what is essentially a play-off game versus the Bears. And nobody can confuse the Giants defense with Julius Peppers and the Bears. The playoffs begin for the Pack this Sunday. I’m hopefully optimistic.

Who’s talking…