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Spain’s credit ratings tottering under Greece bail-out burden

Spain’s unemployment rate, despite being lowered to 20.9 per cent in the second quarter, remains the highest in the eurozone (Photo from daylife.com) Moody’s credit rating agency has put Spain’s sovereign bonds under review with a prospect to knock down its favorable Aa2 grade. Moody’s has... [Read More]

Police ignored neighbors’ concerns over Breivik

Police ignored neighbors concerns over Breivik The farm house of Anders Behring Breivik at Aamot in Hedmark, eastern Norway (AFP Photo / Scanpix Norway / Jo E. Brenden) Reports are emerging that people living near Breivik’s farm tried to alert the police long before the events in Oslo and Utoya.... [Read More]

EU bailouts impoverish small member states

EU bailouts impoverish small member states Europe’s small countries feel their economies are being crushed under the weight of the euro currency crisis and bailouts for eurozone member states needing to be paid for. ­One of the poorest EU countries, the Republic of Slovakia, is feeling the pinch... [Read More]

Rise of right-wing extremism rattles Europe

Rise-of-right-wing-extremism-rattles-Europe Rise of right-wing extremism rattles Europe   The worst massacre ever committed by a single individual, carried out by a member of Norway’s political right, points to a dangerous undercurrent of hostility against the left’s platform, which is committed... [Read More]

Banking cancer becoming worse in Eurozone – Max Keiser

Banking cancer becoming worse in Eurozone – Max Keiser A second bailout for Greece has only increased the country’s debt and made it harder to pay it off, financial analyst Max Keiser has told RT. An emergency summit of EU leaders and IMF officials agreed Thursday to give Greece another bailout... [Read More]

Medvedev, Merkel talks open new opportunities for Transdniester settlement

Medvedev Merkel talks open new opportunities for Transdniester settlement Tiraspol, the capital of the unrecognized Republic of Transdniester Moldova should use Russia’s and Germany’s attention to the Transdniester problem as a chance to find new ways of resolving the territorial dispute,... [Read More]

Ireland joins junk sovereign debt club

In another downgrading move, credit rating agency Moody’s has knocked Irish government bonds ratings by one notch to Ba1 from Baa3. European Commission chief Jose Manuel Barroso describes the decision as “incomprehensible”. Moody’s decision, announced on Tuesday, means Irish government bonds... [Read More]

Biplane plunges into river during aerobatic display

The pilot was flying a Christen Eagle II, a popular single-engine aircraft used for aerobatics. (Photo from http://www.aviataircraft.com) A stunt biplane has lost control and plunged into a river while performing at an air-show in Poland. ­The small plane was doing aerobatics when it began spewing... [Read More]

Gerald Celente: “Austerity riots will come to the US”

Gerald Celente: ‘ Austerity riots will come to the US’ More and more of the world economy is crumbling and America doesn’t seem too far behind. While riots erupt in Greece over austerity measures imposed by the government, back home lay-offs are rampant on Wall Street with Goldman Sachs... [Read More]

Dutch vote on “Magnitsky list” is pre-meditated – Russian official

Dutch-vote-on----Magnitsky-list----is-pre-meditated-----Russian-official-Dutch flags fly at half-mast near the Dutch Parliament building (background) in The Hague, Netherlands (AFP Photo / Getty Images) The Dutch parliament has voted unanimously for a resolution to impose travel and economic sanctions... [Read More]

EU Suspends Carbon-Trading Market

European-Union-Flag BRUSSELS—Trading on the European carbon market is suspended until at least next Wednesday because of recent security breaches that need to be addressed, the European Commission said. “The European Commission will suspend transactions, except for allocation and surrender of... [Read More]

EU agrees bank bonuses limit deal

The European Union has agreed a deal placing new limits on bankers’ bonuses from next year. Under a deal agreed with the European Parliament, bankers will receive no more than 30% of their bonus immediately and in cash, or 20% for larger bonuses. The remaining bonus payments will be delayed... [Read More]