Obama nears his nuclear moment By Edward Luce
At the start of Barack Obama’s term, few moments better crystallised America’s change of face than his “New Day” video address to the Iranian people. Ending with a salutation in Farsi, Mr Obama offered Iran a new era of “co-operation”. It followed from the promise in his inaugural address to “extend a hand if you are willing to unclench your fist”.
The market will likely start falling on the news of Greece’s bailout since it has been rallying on the rumors. If we’re looking for significant decline, it can come quickly as Obama turns a blind eye to Iran’s nuclear bombing program.