Here are the top five things that caught our eyes in the news this week!
1. Greece Financial Crisis Part 4
- What You Need to Know: Last week, Greek Parliament voted to accept the first of the newest bailout terms in order to begin new talks for a €86 Billion bailout. But don’t think that this is the last of the drama in Greece. 32 members of parliament, including former Finance Minister Yanis Varoufakis, voted against the bailout. Prime Minister Alexis Tsipras had been strongly against the bailout for the many weeks leading up to the agreement. However, there was a sharp 180 when this new bailout agreement came to be. This might lead to an early election in the coming months. Although he remains popular, it could mean an abrupt government change. Tsipras still needs to get the full bailout agreement approved. So once again, there may not be an end to this saga yet. For more information on this story, visit http://www.bbc.com/news/world-europe-33616177.
- Why You Need to Know This: The bailout means good things for Greece in the coming weeks. The banks will get money to reopen, meaning that the Greek people will be able to get as much money out as they’d like. Hopefully this is a positive sign for the Greek Economy. However, if Tsipras does call for an early election, this means that Greece will suddenly become a political hotspot over the next few months. We will definitely need to keep a sharp eye out for what transpires for Tsipras.
- Office Top Tip: The bailout is a great thing for the Euro, meaning that it will help stimulate the Greek economy. If there is an election, things in Greece could become interesting. Keep an eye out for who might get in the election race.
2. Suicide Bomb in Turkey
- What You Need to Know: On Monday afternoon, members of the Federation of Socialist Youth Associations in Turkey met outside Soruc’s Amara Cultural Centre. They were giving a news conference on how they planned to travel to Syria; they wanted to help rebuild the town of Kobane. Soruc, located near the Syrian border, is where many Syrian refugees have fled from the fighting between IS and Kurdish fighters. A bomb went off at the news conference, killing 32 young activists and injuring 100 more. The bomber is thought to have close ties with the Islamic State (IS) group that has launched hundreds of attacks and have been making their way across the Middle East. The government has announced that they will increase security at the Syrian border. For more information on this story, visit http://www.bbc.com/news/world-europe-33615239.
- Why You Need to Know This: With IS launching major attacks all across the world, it is important to keep an eye out on terror reports. IS has recently launched attacks in France and now in Turkey. There will definitely be some repercussions by Turkey who wants to keep its citizens safe.
- Office Top Tip: Stay away from rallies and any other political protests for that is where IS seems to be striking as of late. Your safety is our number one priority, so stay safe.
3. Cuba Raises The Flag in Washington
- What You Need to Know: Just after midnight on Monday, Cuba and the U.S. each reopened their embassies. This is the first time in 54 years that the Cuban flag was raised at the new embassy in Washington. Times in Cuba have been rough throughout the last 50 years, but now is a time of celebration. Last December, U.S. President Barak Obama and Cuban President Raul Castro moved towards diplomatic ties. The flag in front of the U.S. embassy in Cuba won’t be raised until Secretary of State John Kerry goes to Cuba on August 14. Meanwhile, there are still restrictions on Americans wanting to travel to Cuba as well as a U.S. trade embargo banning American companies from doing business with Cuba. For more information about this story, visit http://www.bbc.com/news/world-latin-america-33590417.
- Why You Need to Know This: This is a huge step forward for Cuban and U.S. diplomacy over the past several decades. These embassies opening up means that relations between the two countries with continue to improve. Hopefully this means that we might be able to offer a study abroad trip to Cuba sometime in the future!
- Office Top Tip: Hopefully things between Cuba and the U.S. continue to improve. The more it improves, the better things will be in North America.
4. Nigerian President Vows to Fight Boko Haram
- What You Need to Know: President Muhammadu Buhari of Nigeria vows to bring home the 200 girls that were kidnapped by Boko Haram in 2014. After over a year of captivity, the new president has announced to take on Boko Haram. Elected in May, Buhari has been a busy President; he has replaced the military chiefs, moved the military headquarters to the north-east part of Nigeria, and has organized forces to fight Boko Haram by the end of July. Boko Haram has recently joined Islamic State (IS) and now calls itself “West African Province”. Buhari’s willingness to negotiate to bring back the schoolgirls may be in vain, for many of them may have been forced to join the terrorist organization. For more information on this story, visit http://www.bbc.com/news/world-africa-33620800.
- Why You Need to Know This: This is a huge step forward for Africa. Since the #BringBackOurGirls movement launched in the months following the kidnapping of the 200 schoolgirls, Boko Haram has been an international focus. Having the president of Nigeria taking such a big step forward in regards to this terrorist organization is huge for Africa.
- Office Top Tip: As we say often, your safety is our number one priority. Keep away from any sketchy characters and stay in only the safe parts of Africa.
5. Australia Cutting ties with Britain??
- What You Need to Know: Since 1999, Australia’s Labor Party has been pushing for a change in the constitution and to cut ties with the British monarchy. As it stands right now, Australia is a parliamentary democracy, which means that the country still see the British monarch as head of state. But now, the Labor Party is revamping their efforts to try to pull away from the British Monarchy. The party’s national conference is on Friday and there they will vote on whether or not to move forward with pulling away. If they decided to move forward, this will set the party’s election strategy by a specific push towards Australia becoming a republic. For more information on this story, visit http://www.bbc.com/news/world-australia-33618520.
- Why You Need to Know This: This could become a huge deal. Australia is part of the British Commonwealth and if they pull away from Britain that means that they will have to undergo a whole new government change. Although several of the Commonwealth members have pulled away from Britain over the past few years, none of them have been as substantial as Australia.
- Office Top Tip: For anyone thinking about going to Australia over the next year or so, this could be a huge debate. You might want to read up on this issue before arriving!
Check back next week for more news so you can Know Before You Go!
All stories are based off of information gather from CNN, the New York Times, The Guardian, The BBC, and the Telegraph.