Pundit

Europe

Could Cyprus happen here?

Developed countries like New Zealand can learn from Cyprus; an economy overly dependent on its financial sector rather than the real economy, is vulnerable. And the rule of law exist in our minds as much as it does in laws, courts and banks. It’s like a handshake. If one sides looses faith in the deal, doesn’t matter how many law enforcers you have, the system collapses.

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World News Brief, Tuesday December 4

Judges in Egypt boycott referendum on Morsi's powers; North Korean missile now on launch pad; Chinese activist Chen Guangcheng urges Communist Party chief to effect political reform; Taliban suicide bombers hit US-Afghan air base; Europe to act on Israel's settlement actions; and more

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World News Brief, Wednesday June 20

G20 leaders pressure Europe to boost economic growth; China pledges $43 billion to International Monetary Fund's reserves; Chinese and Philippine vessels withdraw from disputed Scarborough Shoal; Afghan militants killed in attack on coalition base; governments urged to 'seize the moment' at Rio environmental summit; and more

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