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Germany: Spain deal shows world Europe can act
The deal to bail out Spain’s beleaguered banks shows the world and the markets that Europe has the capacity to take decisive action when needed, the German government’s spokesman said on Monday. “This is overall a good sign for Europe’s partners and for the markets,” Steffen Seibert told a regular briefing. “It is a sign…
Spread of ‘baby boxes’ in Europe alarms United Nations
The United Nations is increasingly concerned at the spread in Europe of “baby boxes” where infants can be secretly abandoned by parents, warning that the practice “contravenes the right of the child to be known and cared for by his or her parents”, the Guardian has learned. The UN Committee…
Greek leaders trade blows over Spain bank bailout
ATHENS — Greek party leaders Sunday traded blows over the rights and wrongs of a Spanish bank bailout, with the right insisting it showed the importance of talking with Europe on the country’s own problems. New Democracy leader Antonis Samaras, campaigning ahead of key June 17 elections, said Greece must…
As Europe peers into economic chasm, Africa’s economy is rising
As Europe peers into economic chasm, Africa's economy is rising (via The Christian Science Monitor) It’s a continent with a long history of war, famine, disease, and recently, a penchant for political instability due to economic mismanagement. But enough about Europe. Let’s talk about a continent with some hope: Africa.…
Obama urges Europe to stabilize banks, ease austerity
US President Barack Obama urged European leaders to stabilize banks and to ease up on extreme austerity prgrammes. Speaking as European Union officials worked over the weekend on a huge rescue plan for Spain’s feeble banks, Obama said the ongoing weakness in the eurozone was a concern for the US…
Europe requires new cars to slash carbon emissions by a third
New cars sold in Europe will have to slash their carbon emissions by a third by 2020, according to leaked European Commission documents seen by the Guardian. The proposed regulation would be legally binding and the document plans for even stricter emissions targets for 2025 and 2030, which could only…
Asian markets lifted by U.S. and Europe stimulus hopes
Asian markets mostly rose for a third successive day on Thursday, posting strong gains on hopes for stimulus measures in the United States and Europe as well as promises of help for Spain’s banks. The euro also held up against the yen and dollar after impressive gains in New York…
Krugman: This may be when it all falls apart
Nobel Prize-winning economist and New York Times columnist Paul Krugman said Monday that the tepid response to the current economic crisis could ruin the United States and Europe. “We are living through a time where we face an enormous economic challenge,” he told RT’s Thom Hartmann. “We are facing —…
Eurozone strains intensify as ‘massive shock’ looms
Eurozone tensions have intensified after grim news on the economic outlook and as investors sought safety in Germany on growing doubts over Greece’s future in the currency union. Shortly after an EU summit failed to produce a remedy, a May survey of eurozone business confidence on Thursday showed the sharpest…
Greek euro exit looms as G8 gathers
World leaders will huddle at Camp David Friday with the focus on Greece as it stumbles toward a possible eurozone exit that would hold wildly uncertain repercussions for the global economy. Leaders from the Group of Eight industrialised nations will gather at the history-imbued US presidential retreat near Washington for…
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