Vast mineral deposits are bringing wealth to this country of 3 million. Now Mongolia is in a race to stem the threat of corruption.
If Greece goes bankrupt, what lies ahead is an economic and political crisis worse than that of 2008. Solutions exist. Europe is in dire need of the political courage to implement them.
French President Nicolas Sarkozy is keen to show leadership prowess at the two-day Deauville summit ahead of 2012 elections in France.
Just as the international community had to come together to stem the financial meltdown from contaminating the entire world economy or prevent massacre in Libya, it must now intervene in Japan to prevent radiation from poisoning the planet.
To prevent Europe's debt crisis from spiraling further out of control, EU nations must act now to create a European treasury with centralized power to issue European-backed bonds and tax at a federal level. Doing so is in the best interests of all member nations – not just those mired in debt.
The prime minister of Greece, George Papandreou, says his country is earning a new credibility after its debt crisis.
If the Greek debt crisis collapses Greece, Spain and Italy and even Germany could follow.
Meanwhile, Citigroup gets help from Uncle Sam.
ArcelorMittal, the world's largest steel company, has revived the mill with a $280 million investment.