Is terrorism right or left?

This article tries to identify the causes of the home-grown terrorism, addressing the particular example of the recent terror attacks in Toulouse, France. It hits however an important point:
"Many French initially and secretly hoped that what happened in and around Toulouse would prove to be a repetition of the attacks in and around Oslo in 2011 – that the terrorist would turn out to be the product of the extreme right. Merah claimed to be acting in the name of fundamentalist Islam; in reality, he was the product of a bloody and deviant sect. How can a petty delinquent, a lost child of the French nation, fall prey to terrorist hatred of any variety?"

In short, we have by now witnessed equally horrifying attacks originating from the extreme right and from the extreme left. What causes the terrorism is not the part of the political spectrum that one belongs to, but how far one is ready to go in order to impress his/her views onto the others. 

Parenting in US and France

Here is a good comparative analysis of parenting in US in France. If you are interested in parenting or psychology, then you will be interested in the points that this article makes about delaying gratification, self-sufficiency and parental authority.

Sovereign debt vs. the debt in Euro-zone

The difference between a sovereign debt and the debt of a country within the Euro-zone (in line with a good sovereign debt analysis that I quoted previously):

"French officials apparently don’t recognize the importance of the fact that Britain is outside the eurozone, and therefore has its own currency, which means that there is no risk that Britain will default on its debt. When interest and principal on British government debt come due, the British government can always create additional pounds to meet those obligations. By contrast, the French government and the French central bank cannot create euros.

If investors are unwilling to finance the French budget deficit – that is, if France cannot borrow to finance that deficit – France will be forced to default. That is why the market treats French bonds as riskier and demands a higher interest rate, even though France’s budget deficit is 5.8% of its GDP, whereas Britain’s budget deficit is 8.8% of GDP."

The same article also contains an interesting piece of history:
"It was French officials Jean Monnet and Robert Schuman who launched the initiative for European political union just after World War II with the call for a United States of Europe. The French regarded the creation of the euro as an important symbol of progress toward that goal. In the 1960’s, Jacques Delors, then the French finance minister, pressed for a single currency with a report, “One Market, One Money,” which implied that the European free-trade agreement would work only if its members used a single currency."

I swear that I did not know about this fact when I named one of my posts United States of Europe, though I admit that the idea is obvious.

Francois Hollande enters austerity vs. ECB intervention debate

Francois Hollande, the candidate for the French presidency from the Socialist party, is among the highest pofile Europeans calling for the European Central Bank intervention:
"Speaking in an interview at his campaign's headquarters in central Paris, Mr. Hollande, 57 years old, said only the ECB has enough credibility and financial firepower to restore investor confidence and unravel the debt crisis that has been roiling the euro zone for two years."

As I said previously, my opposition to such proposals, first of all, from the impossibility to realize them in practice over the opposition of German chancellor Angela Merkel and the ECB head Mario Draghi. This means that any talk about the ECB intervention, the Eurobonds and printing of more money has everything to do with politics and nothing to do with reality.

 Mr. Holland, however, may be excused: he is running for the French presidency against Nicholas Sarkozy, who so far has teamed with Merkel and Draghi. In addition, Hollande's position is consistent with the general socialist views that he is supposed to represent, and he is honest about the low likelihood of such policies being implemented:
"Mr. Hollande said he was well aware that Germany would staunchly oppose any attempt to amend the ECB's core mandate: to keep inflation in check. He said that were he to be elected president next year, however, he would still ask that the ECB play a bigger role in stemming the crisis within the framework of current bylaws."

Middle-East re-alighnment

Alain Juppe has made some strong statements about Syria and Hezbollah:
"French foreign minister says he believes roadside bomb which injured 5 French UNIFIL peacekeepers in southern Lebanon carried out by Hezbollah at Syria's urging."

There are two reasons why traditionally pro-Arab French come forward with such sharp criticism:
1. They believe that the Assad's days are counted and prepare the ground for military or, at least, diplomatic (for example, in the form of strong sanctions and recognizing alternative government) intervention a la Libya, which would guarantee France a greater diplomatic and economic role in post-Assad Syria.

2. This is part of the re-alignment in the Middle East that I believe has been happening for some time: the Arab-Israeli conflict is superseded by pro-Iranian and anti-Iranian coalitions. The pro-Iranian force has been already well defined: Iran, Syria, Hamas, Hezbollah, enabled by political backing from Russia and China. On the other hand, the anti-Iranian force is forming slowly due to the traditional antagonism among its partners: Israel and Saudi Arabia with other oil-rich states wary of the Iranian interference. In addition, the anti-Iranian coalition lacks the necessary political backing from the nowadays passive United States. The last circumstance gives France and other European states a good opportunity for a greater role in the Middle East (such as: cheaper and more secure oil supply, more contracts for oil-exploring European companies, broader markets for European companies, particularly where it comes to the arms sales... and more arms sales. All of these, by the way, are very useful for overcoming the economic crisis.)

UPDATE 12/12/11: No less harsh condemnation of Syria from the German foreign minister:
""I am really shocked about what I heard about the atrocities in Syria. Five thousand people were killed, civilians, people who ask for their freedom and civil and human rights," he told reporters."