In Israel, there is daily speculation over whether Israel will attack Iran's nuclear facilities in the near future. The debate is not only over whether Israel should strike Iran, but what the costs and benefits might be from such a strike.
Israel believes that Iran is working to build a nuclear bomb, and dismisses Iran's assertion that its nuclear program is solely for civilian purposes.
As part of his yearly report to the Senate's Select Committee on Intelligence, the United States' intelligence chief said that depending how threatened Iran feels, it may be more willing to launch an attack against the U.S.
The Europeans are in the midst of their most serious economic crisis in 60 years, and now they're hearing it's not just their own fate they have to consider: The whole global economy hangs in the balance.
The International Monetary Fund last week warned that if Europe's problems get any worse, it could push the entire world back into recession.
European Union leaders, meeting in Brussels on Monday, are said to be close to resolving some of their most difficult issues — and they'd better be.