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Deutsche Telekom's other recent foreign commitment — its €3.4 billion purchase of a 40 percent controlling stake in Hellenic Telecom, the former Greek phone monopoly that is known as OTE — could turn to dust if Greece were to leave the euro zone.
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Foreign commitments remain, however, a priority for the Argentine government.
A president should be prudent about foreign commitments.
Gustavo Coronel, a critic of President Hugo Chávez, says Mr Chávez has made $43 billion worth of foreign "commitments" since 1999.
When Obama took office, he was determined to reduce America's foreign commitments, particularly in the Middle East.
There is no way that Britain's defence, overseas aid and foreign commitments can survive the next decade without swingeing cuts.
Reversing his previous skepticism toward Mr. Obama's growing portfolio of foreign commitments, Mr. Romney now implied he would outdo him by advocating a more muscular foreign policy.
Mr. Putin has not publicly objected to Mr. Luzhkov's grandiose vision of the mayor's role or reined in Mr. Luzhkov's spendthrift foreign commitments.
THE Constitution's Treaty Clause has long been seen, rightly, as a bulwark against presidential inclinations to lock the United States into unwise foreign commitments.
"America has no interest in fighting an endless war in Afghanistan," he said then, quoting President Eisenhower about the importance of balancing America's foreign commitments with its domestic needs.
Since 1997 the armed forces have found themselves squeezed between increasing foreign commitments on the one hand, and insufficient funding on the other, resulting in large cuts to all three services.
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