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Death toll from Europe freeze tops 220
Temperatures plunged to new lows in Europe where a week-long cold snap has now claimed more than 220 lives and forecasters warned Friday that the big freeze would tighten its grip over the weekend. A total of 223 people have died from the cold weather in the last seven days…
Wen says China has no intention to ‘buy Europe’
China’s Premier Wen Jiabao said Friday the Asian giant had neither the ability nor the intention to “buy Europe”, amid concerns over growing Chinese investment in debt-stricken eurozone economies. China is “willing to cooperate with Europe to fight the current crisis. Some people say this means China wants to buy…
Sanctions take their toll on ordinary Iranians
A raft of Western economic sanctions on Iran over its controversial nuclear programme are increasingly stifling the lives of ordinary Iranians, hit by rising inflation and growing isolation. EU and US banking sanctions put in place 18 months ago, and reinforced on Monday, have fuelled Iran’s runaway inflation and triggered a collapse in the…
IMF seeks $500 bn more as euro crisis rages
The International Monetary Fund said Wednesday it needs up to $500 billion more to pad its war chest as the European debt crisisincreasingly threatens the global economy. With several European countries veering on recession and Greece on the brink of default, the IMF said it lacks the resources to be the planet’s lender…
EU stands firm on airline emissions despite Chinese fury
The European Union refused Thursday to back down from a disputed airline emissions fee despite China’s refusal to pay the new charge to land in Europe. The 27-nation EU began to require all airlines to buy pollution permits to fly to Europe on January 1 despite stiff opposition from the…
Romney says U.S. won’t give a dollar to save Europe: report
“The U.S. must take care of its own crisis, and won’t give a dollar to save Europe,” Romney told La Stampa. Romney, a former Massachusetts governor, said he was aware that a collapse in Europe would have “enormous repercussions” for the world’s economy and that it was in Washington’s interest…
EU court rejects challenge to airline emissions charges
Europe’s top court on Wednesday threw out a US-led challenge to new charges for carbon emissions across EU airspace, opening up fears of a possible trade war which could also draw in China. North American airlines had challenged a European Union decision to include as of January 1 all carriers in a carbon trading system targeting heavy…
Germany, France push for ‘fiscal union’
German Chancellor Angela Merkel kicked off a crunch week of talks on saving the euro by laying out a vision Friday for a “fiscal union” in Europe, ahead of a pivotal summit of EU leaders. A day after French President Nicolas Sarkozy said that Europe needed to be “refounded” in…
Battle begins over ‘refounding’ of Europe
The European Union began a nine-day battle on Thursday over federal-style changes to save the debt-saddled eurozone, withFrench President Nicolas Sarkozy saying that Europe needs to be “refounded”. In a landmark address in front of 5,000 supporters, Sarkozy said he would meet his German counterpart Chancellor Angela Merkel on Monday to agree upon and announce…
World Cup by Continent
I have a friend who frequently makes the complaint to me that every continent except Europe is over-represented in the World Cup. With only six of thirteen teams advancing, I’ve not heard from him recently, but he does raise an interesting question about what is the right way to allocate…
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