March 9, 2010
Posted: 1746 GMT
Hello from the newsroom everyone,
The Greek Prime Minister is in Washington, D.C., the latest stop on the George Papandreou 2010 World Tour, designed to ask for a few favors to help his country out of crushing debt.
There is a very interesting piece in the Washington Post today that puts Greece's – and America's – debt problems in perspective. Dana Milbank writes that the U.S. could be in aa tight a spot as Greece in about a decade.
Greek national debt is about 113% of GDP, way more than is healthy and certainly much higher than what Eurozone rules allow for.
In his piece, Milbank notes: "If current trends persist, an American president will be doing the same thing in about 10 years. He or she will probably be in Beijing, asking for more favorable interest rates or pleading with the Chinese government to keep speculators from betting on an American default."
We will be going live to the White House to ask whether Greece will get what it wants from America, but also, why it would be in the U.S.'s best interest to give Athens a hand on this one.
Speaking of high-level meetings, the U.S. Vice President is in the Middle East this week for talks with Israeli and Palestinian leaders. Joe Biden is the most senior member of the Obama administration to visit the region since the U.S. President took office.
Earlier in the day, Joe Biden was expressing satisfaction that Israelis and Palestinians had agreed to indirect peace talks. But then, right before dinner, Israel said it would authorize the building of 1,600 homes for Jews in Arab East Jerusalem. Now Palestinians are saying this mean no talks are possible.
Expectations regarding peace talks for Biden's trip were extremely low to begin with. We will have the latest from Jerusalem.
Also today, we will have the latest on election result delays in Iraq, the Robert Gates tour of Afghanistan and religious and sectarian violence in Nigeria.
Plus, as always, your complete sports and weather updates.
See you at the IDesk!
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