USA - What in the world is going on? Yes, we face the very real possibility of an economic collapse in the not-too-distant future. But is it possibly we're already imploding culturally? The country is deep in a full blown political war between Democrats and Republicans, but do we honestly believe either party - or either presidential nominee - knows how to fix the mess we're in?
EUROPE - Half a century ago, no one would’ve predicted this: Germany, who have been accused of twice destroying Europe in the last 100 years, find themselves in a situation where they’re heading a historic shift from a common currency to something resembling a common European state.
UK - David Cameron promises to 'protect' Britain from German plans for a eurozone superstate with common banking and political systems. The Prime Minister dismissed as “nonsense” a suggestion from Angela Merkel, the German chancellor, that the European Union should eventually have a single national identity and described as “nonsense” the idea of loyalty to a common European flag.
EUROPE - Time is running out for Europe. As Spain’s banking crisis deepens, politicians on the continent remain in denial. The only solutions in their mind involve borrowing or subsidies from German taxpayers. With the International Monetary Fund (IMF) acting as their enabler, Europe’s high-debt countries may be able to put off the required reforms, but delaying the inevitable is taking a toll on their economies.
GREECE - A series of vicious slaps and a glass of water to the face were unleashed on two left-wing female deputies by the spokesman for Greece’s neo-Nazi Golden Dawn party during a live TV debate. A warrant for the politician’s arrest has been issued.
GERMANY - The German economy has seemed surprisingly resistant to the ill effects of Europe's financial crisis. But an April drop in exports suggests that Europe's largest economy maybe not be immune after all.
NORWAY - Anders Breivik, the right-wing extremist who has confessed to killing 77 people during a murder spree in Norway last summer, played the violent computer game World of Warcraft nearly seven hours a day for several consecutive months before his attack, prosecutors say.
AFRICA - Mali is already bedeviled by the messy aftermath of a military coup, Tuareg rebels who’ve declared their own state, Islamists trying to impose strict religious law in the north, and waves of hunger.
VATICAN - For a financial institution whose ATMs offer Latin as a language option, whose offices are below the pope's windows and where tellers work under the gaze of crucifixes, one might assume the Vatican bank would have a dispensation from earthly travails.
ATHENS, GREECE - As European leaders grapple with how to preserve their monetary union, Greece is rapidly running out of money. Government coffers could be empty as soon as July, shortly after this month’s pivotal elections. In the worst case, Athens might have to temporarily stop paying for salaries and pensions, along with imports of fuel, food and pharmaceuticals.
EUROPE - European shares, the euro and oil fell on Friday as hopes for more global monetary easing dwindled despite the prospect of slower economic growth in Germany and China, and expectations of a bailout for Spanish banks failed to stop the rot.
SPAIN - Pressure is growing for Spain to tap into European Union bailout money to stem its banking crisis, but the country has stubbornly refused. Instead, Madrid hopes to get around bailout conditions with direct aid to its banks. German commentators on Wednesday say that the time for pride has passed.
SPAIN - Spain is warning that Europe's single currency will unravel unless its leaders decide within weeks to centralise budget and tax policies in the eurozone and agree on a strategy to pool responsibility for failing banks.
UK - David Cameron has said Germany cannot be expected to resolve the eurozone crisis on her own as a "whole series of measures" are needed. Speaking ahead of a meeting on Thursday with Chancellor Angela Merkel, the prime minister said no one leader could be "singled out" for responsibility.
EUROPE - Two years into its debt crisis, Europe has finally arrived at the nub of its problem: Will there ever be a common European identity? The answer may start to become clear at a European Union summit June 28-29. Leaders will weigh proposals to create a binding political union as a way to prevent a collapse of the euro – as well as to prevent the effects to the world economy.