British finance minister: Greece may have to leave Euro

The party line of EU governments may be that they are still not considering the possibility of a Greek exit from the eurozone, but apparently George Osborne has not gotten the memo:

“I ultimately don’t know whether Greece needs to leave the euro in order for the eurozone to do the things necessary to make their currency survive,” Mr Osborne said at a business event organised by The Times newspaper.

“I just don’t know whether the German government requires Greek exit to explain to their public why they need to do certain things like a banking union, eurobonds and things in common with that.”

Douglas Rediker and David Gordon warned yesterday in a new piece for FP that "with Britain unwilling to subject its banks to European regulatory oversight, transaction taxes, and other similar schemes, the Brits (and other non-eurozone states) will find themselves further on the outside, and the divisions between the European Union and the eurozone will become increasingly apparent."



Global public souring on Obama, not that interested in election

A new report from the Pew Global Attitudes Project shows that confidence in Barack Obama's leadership has fallen in pretty much every country polled since 2009. While he remains pretty popular in Western Europe and similarly unpopular in the Middle East to when he took office, the most dramatic drop-offs have been in China and Mexico. Interesting, the Japanese public seems to have developed a much more favorable opinion of the United States even as it's lost confidence in Obama:


I noted a Brooking Institution poll a few weeks ago showing the Egyptian public preferring Mitt Romney to Obama. It looks like much of the Muslim world is in that boat. Interestingly, despite Romney's fairly bellicose rhetoric in China, a plurality there say they don't want Obama re-elected: 


With the exception of China, every country polled shows far fewer people paying attention to this election than in 2008. The poll also shows that U.S. drone strikes are unpopular pretty much everywhere.