GREECE - The latest meeting between Greece and its international lenders over the debt-stricken country's €172 billion bailout ended in disarray on Monday, as the eurozone's offer was rejected as "absurd" and "unacceptable". Greece has demanded an end to the EU and International Monetary Fund's “adjustment” programme of economic reforms and austerity agreed three years ago in return for a bailout.
ISRAEL - Israel's army on Monday got a new top commander, as Lieutenant General Gadi Eisenkot assumed the position of the 21st chief of staff of the Israel Defense Forces. Eisenkot was promoted from major-general to lieutenant-general in a ceremony at the Prime Minister's Office. Speaking at the ceremony, Netanyahu warned Eisenkot that his term will be tougher than that of his predecessor. "I promise you Gadi … you will not have a single day of grace. The Middle East is disintegrating. States are collapsing. An empire is charging into this vacuum – Iran."
GERMANY - Anti-euro Alternative for Germany (AfD) party looked set to win its first seats in a regional assembly in west of the country. Germany’s rapidly rising Eurosceptics have dealt a fresh embarrassing blow to Angela Merkel’s ruling Christian Democrats party in state elections in Hamburg. Alternative for Germany (AfD), which wants to force crisis-hit countries such as Greece out of the single currency, looked likely to win its first seats in a west German parliament.
MIDDLE EAST - The Islamic State is expanding beyond its base in Syria and Iraq to establish militant affiliates in Afghanistan, Algeria, Egypt and Libya, American intelligence officials assert, raising the prospect of a new global war on terror.
USA - Elie Wiesel, an American Nobel Peace Prize winner and survivor of the Holocaust, is featured in a new full-page ad in The New York Times and the Washington Post, supporting Israeli Prime Minister Benjamin Netanyahu's speech on Iran to Congress scheduled for March 3. The ad describes the 86-year-old Wiesel's intention to attend the speech "on the catastrophic danger of a nuclear Iran." He decries the decision of at least 22 US lawmakers to boycott the speech.
LIBYA - The Islamic State’s al-Hayat media center has released a five-minute propaganda video showing the mass beheading of 21 Coptic Christians from Libya, a video which follows reports from earlier this week suggesting the atrocity had been carried out. A spokesman in the video indicates that the terror group is now turning its gaze towards Italy.
LIBYA - The beheading of 21 Coptic Christians on a beach in Libya has brought Isis to the doorstep of Europe. The mass murder, which provoked a volley of Egyptian air strikes on the group’s Libyan stronghold of Derna, realised long-held fears of militants reaching the Mediterranean coast.
UKRAINE - Ukraine's government and separatist rebels have failed to begin withdrawing heavy weapons from the front line, despite a Monday deadline. The two sides were given until two days after the latest truce came into effect to start the pullout. The government said it would not pull back until fighting ended in the beleaguered town of Debaltseve. The leaders of Germany, Ukraine and Russia discussed the crisis in an overnight phone call. Germany said on Tuesday they had agreed "concrete steps" for observers to have greater access, but gave no details. Observers from the Organisation for Security and Co-operation in Europe (OSCE), who are charged with monitoring the ceasefire, have been trying to reach Debaltseve after being denied access by the rebels on Sunday.
RUSSIA - Internet security company Kaspersky Lab says the banking industry could be experiencing “a new era in cybercrime.” The company has been investigating a $1 billion attack on financial institutions by a sophisticated hacking group. The IT security firm says the hackers from the Carabanak group used a complex virus system which was later named after them.
ARGENTINA - Argentina is to purchase sophisticated Chinese fighter jets able to attack the Falkland Islands as part of a “strategic partnership” with Beijing. The move, which further raised tensions in the South Atlantic last night, follows a three-day visit by President Kristina de Kirchner to Beijing last week, in which Argentina secured 15 economic agreements and significant financial investment to bolster its failing economy.
EUROPE - Global shares hit their highest level since September on Monday and the euro firmed, with investors cautiously optimistic euro zone finance ministers would reach a deal to shore up Greece's dwindling finances. The prospect that Greece and its partners will find common ground in the talks and reach an agreement that would prevent Greece having to leave the euro zone, helped push low-risk government yields higher. However, a rise in the price of safe-haven gold testified to the uncertain outcome.
ISRAEL - A Israeli report claims the US administration has stopped updating Israel about developments in nuclear negotiations between the world power and Iran, allegedly in response to Prime Minister Netanyahu's decision to accept an invitation by Republicans to address Congress on the issue.
UK - The Church of England is preparing to campaign for greater European Union integration, in a move that will anger senior Conservatives ahead of the general election. In a deeply political intervention, the Church has written a letter to the main Westminster parties in which it appears to criticise Conservative policies on the EU as well as Trident.
USA - The Obama administration has leapt to the defence of Greece, warning Germany and Europe’s creditor powers that they must meet Athens half-way to avert a potentially dangerous rupture and a euro break-up.
VATICAN - He’s met with a transgender man, told Catholics not to breed like rabbits and washed the feet of a Muslim woman. While all this may sound like he’s ready to overturn dogma, Pope Francis’ real interest is geopolitics. In less than two years in office, Francis has nudged the conversation away from abusive priests and used the image makeover to wade into such as matters as Cuba-US relations and climate change. In September, he will become the first religious leader who serves as a head of state to address a joint session of Congress. “He’s capitalizing on the fascination that he exercises,” said John Wauck, a professor at the Pontifical University of the Holy Cross in Rome. “He’s gotten the attention of the world and is using it.”