BUENOS AIRES—Once again, Argentina has become synonymous with crisis. The Argentine peso has already lost half of its value against the dollar this year, and the economy is projected to contract by at least 2 percent while inflation reaches 40 percent. Beleaguered President Mauricio Macri is asking the International Monetary Fund for additional assistance, only three months after finalizing a loan agreement. Not surprisingly, Macri’s domestic popularity has suffered, weakening his re-election prospects next year. But while the situation is indeed serious, comparing it with Argentina’s total economic, political and social collapse in 2001—as some Argentine and foreign commentators have—is [...]
RAMALLAH—“We lose Trump’s money, but we preserve our dignity,” Ahmed, 19, told me at Qalandia refugee camp near Ramallah when I asked him how he felt about President Donald Trump’s recent decision to halt all U.S. funding to UNRWA, the United Nations agency that provides food, education and health care to the more than 5 million Palestinian refugees in the West Bank, Gaza, Jordan, Syria and Lebanon. Created in 1949, UNRWA has been a lifeline for Palestinians who fled or were expelled from their homes during the 1948 and 1967 wars with Israel. Last year, the United States provided about [...]
Last week, Denmark reached an agreement with the government of Greenland, which is an autonomous Danish territory, to fund improvements to airports on the island. The project aroused controversy when a Chinese company expressed interest and was pre-qualified to participate, a concerning development for Danish and American officials. While Denmark’s $559 million deal decreases the chances of Chinese involvement, it came at a steep political price, as it led the pro-independence Naleraq party to break away from Greenland’s ruling coalition, depriving it of its majority in Greenland’s Parliament. In an email interview, Ulrik Pram Gad, a professor of Arctic politics [...]
