World News Brief, Wednesday March 27

Syrian opposition leader takes seat on Arab League; North Korea says it is nearly combat-ready and threatens to strike US and South Korea; Vietnam accuses Chinese vessel of firing at fishing boat in South China Sea; Australia to shut down base in Afghanistan; Cyprus banks to stay shut; and more

Read More

Could Cyprus happen here?

Developed countries like New Zealand can learn from Cyprus; an economy overly dependent on its financial sector rather than the real economy, is vulnerable. And the rule of law exist in our minds as much as it does in laws, courts and banks. It’s like a handshake. If one sides looses faith in the deal, doesn’t matter how many law enforcers you have, the system collapses.

Read More