Evening Update:

It's starting appear that the conflict in Syria is becoming a proxy war:

Iran Flouts UN Sanctions, Sends Arms To Syria

Syria remains the top destination for Iranian arms shipments in violation of a UN Security Council ban on weapons exports by the Islamic Republic, according to a confidential draft report by a UN panel of experts seen by Reuters on Wednesday.

Iran, like Russia, is one of Syria's few allies as it presses ahead with a 14-month old assault on opposition forces determined to oust Syrian President Bashar Assad.

The evidence:

The report, which the expert panel has submitted to the Security Council's Iran sanctions committee, said there were three seizures of large shipments of Iranian weapons investigated by the panel over the past year.

"Two of these cases involved the Syrian Arab Republic, as were the majority of cases inspected by the Panel during its previous mandate, underscoring that Syria continues to be the central party to illicit Iranian arms transfers," it said.

"The report also takes note of information concerning arms shipments by Iran to other destinations."

So in one 'corner' we see Iran and Russia.

Then we see who is arming the other side:

U.S. Officially Arming Extremists In Syria

Recently reported in “Brookings Announces Next Move in Syria: War,” it was stated that “by the US policy think-tank Brookings Institution’s own admission, the Kofi Annan six-point peace plan in Syria was merely a ploy to buy time to reorganize NATO’s ineffective terrorist proxies and provide them the pretext necessary for establishing NATO protected safe havens from which to carry out their terrorism from.” It was also examined in detail, how in 2007, US, Saudi, and Israeli officials admittedthey were creating a militant front of extremists for the sole purpose of causing the destabilization of Syria we see today, and ultimately overthrowing the Syrian government. It was noted how these extremist militants had direct ties to Al Qaeda.

Now it is fully admitted that weapons, cash, and logistical support is indeed being provided to terrorist forces in Syria by the United States, Saudi Arabia, Qatar, and other Gulf States. This, despite a current UN ceasefire the West has continuously berated the Syrian government for violating, indicates that indeed reorganizing, rearming, and redeploying NATO’s terrorist proxies is complete, and another round of destructive violence has begun.

In the Washington Post’s article, “Syrian rebels get influx of arms with gulf neighbors’ money, U.S. coordination,” not only is this admitted, but claims made by Syrian President Bashar al-Assad have been confirmed that Syria’s historically violent Muslim Brotherhood, stated in 2007 by Seymour Hersh as being a direct proxy of US-Saudi-Israeli funding and support, is also directly arming and funding contingents of extremists committing acts of terror across Syria.

This shouldn't be surprising, as we also supported the Muslim Brotherhood in Egypt and similar radical groups in Libya. This is just a repeat of the same methods.

Below we see a couple of updates on Greece and that evolving situation:

Greece Euro Exit To Hit Spain And Italy Hardest

Where the eurozone crisis heads will depend not on whether Greece leaves the union, but on how the situation in the region affects debt-troubled Italy and Spain, Aleksey Bachurin, head of Russian Cash Equity Trading at Renaissance Capital, told RT.

"The important thing is not Greece itself: it’s relatively small and the investments in Greece are already written down by most banks. But the potential contagious effect on Italy and especially Spain – this is a real danger,” Bachurin said.

Though some European politicians insist the eurozone would survive even without Greece, some economists say it might be the end of the game. The deterioration in Greece could result in “huge withdrawals from Spanish and Italian banks, as depositors try to move their money to Germany,” Paul Krugman, renowned US economist, wrote in his column in the New York Times.

It sure seems like a good time for a powerful leader to emerge - someone who can handle this situation.

Euro Fears Rise As Greeks Withdraw Money From Banks

Greeks have withdrawn billions of euros from their banks in recent days, with the country's president warning of "panic" at the prospect of the country leaving the eurozone.

Minutes of the meetings between President Karolos Papoulias and political leaders earlier this week show that the run on the banks has increased in recent days. The head of the Greek central bank, George Provovopoulos told the president that at least €700 million were withdrawn on Monday (14 May) alone.

The government in Madrid rushed through a banking sector reform last week, after having taken over Bankia, one of the major lenders. But Brzeski said the reforms were "too little, too late" and the contagion effect from Greece may force Spain to ask for EU money sooner than expected.