Greece is looking more and more like one of those "troubled homeowners" we hear so much about.
It's underwater and struggling to cover debts worth far more than its gross domestic product. So nervous lenders are offering to write down some of those loans in hopes of sending Greece a lifeline and keeping Athens current on its payments.
In return, the country has agreed to put its balance sheet in order, a process that is going to be neither easy nor quick.
International tension over Iran's disputed nuclear activities was ratcheted up today, when an Iranian general warned that his country would take pre-emptive action if its national interests were threatened.
Reuters reported Gen. Mohammed Hejazi made his comments in an interview with the semi-official Fars News Agency.
A lanky Libyan man leans hard against the railing, looking out at the waves of the Mediterranean crashing below us on the seafront in Benghazi. He's lost in thought for a moment, then shakes his head and takes a long drag from his cigarette.
"They were dropping like flies," he says. "I knew I was going to die next."
Former International Monetary Fund managing director Dominique Strauss-Kahn, who famously faced a sexual assault charge in New York City last year — a charge that was later dropped — is now being questioned by police in France about whether he was a customer of an alleged multinational prostitution ring.
His attorney, though, says Strauss-Kahn has a defense.