Many analysts have said it is faulty to compare Rouhani and Gorbachev. That’s true, but not quite for the reasons they list. As General Secretary of the Communist Party, Gorbachev was the head of state. His Iranian counterpart, therefore, is the Supreme Leader. Like Gorbachev, Khamenei’s primary concern is the survival of the Islamic Republic of Iran.
Read MoreOf Sovereign Debts and Sovereignty
Speculations on the European sovereign debt crisis abound. Whether Germany shall remain the main creditor for a collapsing European Union is in large part a political rather than an economic decision. Angela Merkel faces a strong domestic pressure and her March 27th electoral loss of the Baden-Württemberg constituency, traditionally an electoral stronghold of her Christian Democratic Union (CDU) party, sent a clear message....
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