Sep 10th, 2012
CAIRO (Reuters) – Officials from Egypt, Saudi Arabia, Turkey and Iran will meet in Cairo on Monday to discuss the Syrian crisis, but analysts said the regional powers were unlikely to agree on any tangible steps.
Iran is a staunch ally of Syrian President Bashar al-Assad, who is fighting an uprising against his rule, while the three other countries have all called for him to quit power.
Sunni Saudi Arabia...
Aug 17th, 2012
VIENNA/HELSINKI (Reuters) – Smaller euro zone countries that have retained top credit ratings through the region’s crisis squabbled on Friday over whether struggling nations like Greece that threaten the currency union’s stability should be kicked out.
Top Austrian and Finnish politicians insisted they were committed to keeping the union intact after ministers from junior coalition parties said...
Jul 17th, 2012
MADRID – The number of Spaniards who left their country, hit hard by the crisis, jumped more than 44 percent in the first half of 2012, compared to the same period last year, according to figures released Tuesday by the national Statistics Institute.
Based on these estimates based on the municipal census, 40,625 Spaniards emigrated between January and late June, against 28,162 last year.
In total, 269,515...
Jul 16th, 2012
WASHINGTON – The International Monetary Fund (IMF) has slightly reduced its outlook for global growth over the next two years, warning that the financial crisis in Europe and a slower expansion in China and India have weakened the global economy.
On Monday the IMF said on expect a growth in the global economy by 3.5 percent this year, according to a quarterly review of its prospects. In April, the agency...
Jul 5th, 2012
Washington – On Tuesday the nine largest banks in the United States said the U.S. government how they could be dismantled and sold in a bankruptcy.
The Federal Deposit Insurance U.S. has announced details of “living wills” filed by Bank of America, Barclays, Citigroup, Credit Suisse, Deutsche Bank, Goldman Sachs, JPMorgan Chase, Morgan Stanley and UBS. These documents were required under rules...
Jun 13th, 2012
The Atlantic Alliance does not develop any military intervention in Syria, told reporters in Canberra (Australia) Secretary General of NATO Anders Fogh Rasmussen.
“There is currently no plans for a NATO intervention in Syria,” he announced before M.Rasmussen described as “serious mistake” disputes the Syrian problem within the UN.
The British Foreign Minister William Hague has recently ruled...
May 24th, 2012
Informal summit meeting in Brussels, the heads of state of the 27 member countries of the European Union said it was essential that Greece remains in the euro area.
“Today, the European Council sent a clear message to Greece: we want it to remain in the euro area, we support it, and obviously we expect that Greece meets itscommitments,” said European Commission...
May 21st, 2012
“We are very concerned about the situation in Syria, but NATO is not planning any intervention,” said M.Rasmussen.
The Secretary General has criticized Syrian authorities for failure to comply with their commitments under the settlement plan of the crisis, proposed by UN special envoy of the Arab League and Syria to Kofi Annan. He did not however referred to the acts of the armed opposition against the...