The Euro zone is in a mess. After a
year of huge financial bail outs intended to calm the markets, the
latter are very unstable, with a marked downward tendency. Signs of
slowing global growth, and the continuing euro zone debt crisis, have
caused the markets to slump. The nervousness of the markets is an
accurate reflection of the growing anxiety of the bourgeois about the
economic prospects for Europe.

On Tuesday
May 25, the US imposed penalties against Venezuelan state-owned company
PDVSA, and another 6 companies from other countries, for conducting
business with Iran.  The sanctions are part of an attempt by Washington
to step up the pressure against Iran in relation to its nuclear program.
They are also an act of blatant bullying directed against Venezuela.

The last few
weeks have seen an unprecedented public dispute between the president
Mahmoud Ahmadinejad and the supreme leader Ali Khamenei. The dispute
officially erupted over Ahmadinejad’s dismissal of Heydar Moslehi, the
minister of intelligence who was fired by Ahmadinejad (officially he
resigned himself) on April 17, but was then reinstated later the same
day by a direct decree from Khamenei.