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The “European Experiment” appears to be reaching its end, at least in its present form. With the fiscal turmoil in the south, the European Central Bank just issued its own quantitative easing program, excluding Greece because it is too great a risk for default (Stratfor, January 27, 2015).
“More than 170 people have been killed and 200,000 displaced by torrential rain and flooding in Malawi. Large areas in the south are underwater and homes, crops and livestock have been washed away” (BBC, January 19, 2015). Drinking water sources have been either submerged or contaminated and officials fear an outbreak of cholera (ibid.).
Last weekend Belgium sent troops to protect sites across the nation, including some Jewish sites. “It was the first time in 30 years that authorities used troops to reinforce police in Belgium’s cities” (Times of Israel, January 17, 2015).
After several years of the value of the Swiss franc being capped against the euro, “The euro lost nearly 20 percent of its value against the Swiss franc on Thursday [January 15] after the central bank abandoned the cap on the franc’s value against the single currency” (EU Observer, January 15, 2015). “The value of the Swiss franc increased by around 30 percent...
“An underwater volcano off Tonga was spewing ash high into the air on Tuesday, causing several carriers to suspend air travel to the South Pacific island nation and turning the surrounding ocean blood red, residents and officials said” (The Guardian, January 12, 2015). “The Hunga Tonga-Hunga Ha’apai underwater volcano… was sending volcanic ash up to 4,500m into...
“Over 2,000 people were killed by Boko Haram fighters during the massacre [last week]... Hundreds of bodies - too many to count - remain strewn in the bush in Nigeria from an Islamic extremist attack that Amnesty International suggested Friday is the ‘deadliest massacre’ in the history of Boko Haram” (Sydney Morning Herald, January 13, 2015).
Last week’s terrorist shooting of 17 civilians in Paris shocked France and the world (FoxNews, January 11, 2015). Following this tragedy, 40 world leaders joined 3.7 million people in rallies in Paris and throughout France on Sunday in a show of solidarity against terrorism (CNN, January 11, 2015).
“Israel on Saturday froze NIS 500 million ($127 million) in Palestinian tax revenues collected on Ramallah’s behalf, in response to the Palestinian Authority [PA] filing a request to join the International Criminal Court earlier this week”—a move intended to allow the PA to prosecute Israel for war crimes (Times of Israel, January 3, 2015).
“A widening rift between Moscow and Washington over cruise missiles and increasingly daring patrols by nuclear-capable Russian submarines threatens to end an era of arms control and bring back a dangerous rivalry between the world’s two dominant nuclear arsenals. Tensions have been taken to a new level by US threats of retaliatory action for Russian development...
On Wednesday, two gunmen entered the offices of France’s most popular satirical magazine Charlie Hebdo and killed twelve people including two police officers. President Hollande called this a “terrorist attack, there is no doubt about it” (The Guardian, January 7, 2015).