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nect whatever dots are available as they make judgments about the threats and opportunities. And the sad reality is that, viewed from Washington or Jerusalem, the upheavals of the last 18 months have transformed an already difficult regional landscape into perhaps the most inhospitable strategic environm
ht be unable to do so in practice, if the runs it had to deal with were large enough. What, people must wonder, is the limit on the credit that the Bundesbank would be willing (or allowed) to offer other central banks in a massive run? In a severe crisis, could even the ECB, let alone the governments, act
o the idea of disobeying Washington than going to war over Iranian nukes. (Some are deeply troubled by the public bickering between Washington and Jerusalem in recent weeks.) But the sheer scope of resistance at home--by members of the public; the military's senior echelon; and now, apparently, Netanya
ing by the European Central Bank; refusal to support mutual liability for debt; and, finally, the transformation of the ECB from a copy of the old Bundesbank into a European Federal Reserve Bank based on the Anglo-Saxon model. What remains is the rejection of Eurobonds, but that, too, will ultimately di
to the idea of disobeying Washington than going to war over Iranian nukes. (Some are deeply troubled by the public bickering between Washington and Jerusalem in recent weeks.) But the sheer scope of resistance at home--by members of the public; the military's senior echelon; and now, apparently, Netanyah
opean Central Bank; refusal to support EFTA00711886 mutual liability for debt; and, finally, the transformation of the ECB from a copy of the old Bundesbank into a European Federal Reserve Bank based on the Anglo-Saxon model. What remains is the rejection of Eurobonds, but that, too, will ultimately di
Entities connected to both Jerusalem and Bundesbank

Jeffrey Epstein
PERSON
Barack Obama
PERSON
Benjamin Netanyahu
PERSON
George W. Bush
PERSON
United States
LOCATION
Fatah
ORGANIZATION
Bill Clinton
PERSON
Lebanon
LOCATION
Mahmoud Abbas
PERSON
Tehran
LOCATION
Marc Rich
PERSON
Middle East
LOCATION
Cairo
LOCATION
Hillary Clinton
PERSON
Terje Rod-Larsen
PERSON
Ehud Barak
PERSON
Hosni Mubarak
PERSON
Damascus
LOCATION
Yemen
LOCATION
Michael Jackson
PERSON