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Greece

Germany Gauges Latest Wave Of Grim News To Hit Euro Zone's Weakest Links

The Fitch ratings agency offers the latest vote of no-confidence on Italy's finances, as the situation only grows worse in Greece. Germans try to measure whether the vicious cycle of bailouts will ever end.

Athens keeps on crumbling (christine zenino)
Athens keeps on crumbling (christine zenino)
Florian Hassel

BERLIN - Looking southward, we see more bad news out there in Euroland.

To start with, Italy is expected to lose its top AAA credit rating from Fitch later this month, which could set off further financing difficulties for the government in Rome. Because of its soaring public debt levels, high borrowing rates, and insufficient euro zone crisis planning, Italy stands to lose the top rating it has thus far enjoyed, said David Riley, head of sovereign ratings at Fitch, who spoke this week at a conference on European credit policy.

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Geopolitics

Russia's Military Failures Are Really About Its Soldiers

No doubt, strategic errors and corruption at the highest ranks in the Kremlin are partly to blame for the Russian military's stunning difficulties in Ukraine. But the roots run deeper, where the ordinary recruits come from, how they are exploited, how they react.

Army reserve soldiers go to Red Square to attend a Pioneer Induction ceremony

Anna Akage

To the great relief of Ukraine and the great surprise of the rest of the world, the Russian army — considered until February 24, the second strongest in the world — is now eminently beatable on the battlefield against Ukrainian forces operating with vastly inferior firepower.

Stay up-to-date with the latest on the Russia-Ukraine war, with our exclusive international coverage.

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After renouncing the original ambitions to take Kyiv and unseat the Ukrainian government, the focus turned to the southeastern region of Donbas, where a would-be great battle on a scale comparable to World War II Soviet victories has turned into a quagmire peppered with laughable updates by Chechen leader Ramzan Kadyrov on TikTok.

The Russians have not managed to occupy a single significant Ukrainian city, except Kherson, which they partially destroyed and now find difficult to hold. Meanwhile, Ukrainian civilians are left to suffer the bombing of cities and villages from Lviv to Odessa, with looting, torture and assorted war crimes.

The reasons for both the poor performance and atrocities are many, and include deep-seated corruption and lack of professionalism up through the highest ranks, including Defense Minister Sergei Shoigu, who had never served in the army, and arrived in his position only because of his loyalty to the No. 1 man in the Kremlin.

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Central to the tragic absurdity of this war is the question of language. Vladimir Putin has repeated that protecting ethnic Russians and the Russian-speaking populations of Ukraine was a driving motivation for his invasion.

Yet one month on, a quick look at the map shows that many of the worst-hit cities are those where Russian is the predominant language: Kharkiv, Odesa, Kherson.

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