Here is Wednesday’s edition of interesting reads from around the world.

Indonesia May Up Fuel Prices
Indonesia, once an oil exporter is now a net importer of oil, is exploring the possibility of raising fuel prices in June by an average of 28.7% in response to skyrocketing fuel subsidies, which many fear may undermine the state budget. The Jakarta Post has the full story.

Greece, An Adriatic Tiger?
Citing a new report just released on the economies of southern Europe by the International Monetary Fund, Fistfulofeuros writes that the biggest surprise is the relative success of Greece.

UN Security Council Reluctant to Act on Zimbabwe
According to this story in the New York Times, Western calls to launch a Security Council investigation into the issue of Zimbabwe’s elections met opposition on grounds of the matter not being a threat to international peace and security. Over a 1,000 people are fleeing Zimbabwe every day but that’s not seen as a threat to the security of the region.

Grozny on the Mend
The Chechen capital of Grozny is being rebuilt quietly the Russians. Their success in this story from the New York Times.

Citigroup Attempts to Raise Capital
Global Economic Analysis has the latest on Citigroup’s attempt to raise $2 billion in new capital to shore up its liquidity.