German city to sign treaty with its Muslim community
Saturday 26th of May 2012 01:15:05 AM
Posted by admin / Under Germany Stamp
| Treaty will put Muslim community on level with Christian churches |
How Europe Could Sink Obama’s Election Chances—And What He Can Do About It
Saturday 26th of May 2012 01:15:05 AM
Posted by admin / Under Germany Stamp
| Europe’s Greek tragedy has now entered its final act, with potentially fateful consequences for the global economy—and for Barack Obama, whose reelection may hinge on the decisions of Germany in the coming weeks. The 2012 election will pivot on the public’s evaluation of the president’s economic stewardship, and a perceptible decline in the U.S. growth rate—which a badly handled Greek exit from the Eurozone would cause—could easily spell the difference between victory and defeat. Obama’s fate, then, may well lie in Angela Merkel’s hands. That doesn’t mean, though, that there’s nothing he can do about it. What are the economic... |
EU: The end of all-powerful Germany
Saturday 26th of May 2012 01:15:05 AM
Posted by admin / Under Germany Stamp
| The advent of a new administration in Paris has shifted the balance of power in the European Union away from Berlin and German austerity — a development that has been welcomed in Athens as a source of renewed hope and a light at the end of the tunnel for the Greek population. by Giorgos Malouhos With regard to what we have seen in recent years, something changed at yesterday’s extraordinary summit: there were no “guidelines” prepared a few hours in advance by the German chancellor and the French president. François Hollande did not adhere to the “tradition” established by Nicolas... |
Scots' push for Britain breakup begins in earnest
Saturday 26th of May 2012 01:15:05 AM
Posted by admin / Under Germany Stamp
| Supporters of independence for Scotland will launch on Friday what they say is the biggest grassroots campaign in Scottish history, a move that could result in the demise of a 305-year-old union with England and the breakup of Britain. Seeking to tap into a cocktail of historical rivalry, opposing political tastes, and a perception that the British parliament in London does not nurture Scotland's national interests, the "Yes Scotland" campaign says it wants to win a referendum on independence in 2014 and for the country to become fully independent by 2016. |
UK economy in deeper decline than previously estimated
Saturday 26th of May 2012 01:15:05 AM
Posted by admin / Under Germany Stamp
| The UK’s double-dip recession is deeper than originally estimated, according to new figures released today by the Office for National Statistics (ONS). An updated assessment shows that gross domestic product (GDP) shrank by 0.3% in the first three months of 2012, revised from last month’s initial estimate for the quarter of 0.2%. ...Although last month some analysts believed that the GDP estimate could be revised upwards, today’s second estimate confirms that the UK is in recession – defined as two consecutive quarters of economic contraction. |
Stock futures edge higher on ECB hopes
Saturday 26th of May 2012 01:15:05 AM
Posted by admin / Under Germany Stamp
| FRANKFURT (MarketWatch) — U.S. stock index futures edged higher Friday, taking a cue from Europe as investor hopes appeared to rise for further stimulus action by the European Central Bank as European officials wrestle with a potential Greek exit from the euro zone. Wall Street saw a late-session reversal Thursday to post a mostly positive close after Italian Prime Minister Mario Monti said he expected Greece to remain in the euro zone and that he believed German Chancellor Angela Merkel could be persuaded to accept the introduction of euro bonds. |
Bankia SA : Spain's Bankia shares suspended: regulator (Spain's Largest Bank!)
Saturday 26th of May 2012 01:15:05 AM
Posted by admin / Under Germany Stamp
| Trading in the securities of Spanish lender Bankia has been suspended "due to circumstances that may affect the normal share trading," stock market regulator CNMV said on Friday. Bankia will ask the state for more than 15 billion euros ($19 billion) to bail it out when its new management team presents a restructuring plan on Friday, a financial sector source said late on Thursday. |
What if Spain exits the euro?
Saturday 26th of May 2012 01:15:05 AM
Posted by admin / Under Germany Stamp
| This week everyone is talking about the possible Greek exit from the euro and the apparently appealing idea of "why not Spain?". Let's press the reset button and start over. The Greek state, which has more public employees than Spain with four times fewer inhabitants, wasted bailout after bailout and continues delaying reforms, saying that "they'll come, be patient". And now, some demand breaking the agreement-yes-after having accepted the money. One thing is to belong to the European club with its obligations and rights, and another is to demand to participate only for the party and not to collect the... |
Amnesty: UN Security Council “unfit for purpose”
Saturday 26th of May 2012 01:15:05 AM
Posted by admin / Under Germany Stamp
| Human rights watchdog Amnesty International, in its annual State of the World Human Rights report, lambasts the UN Security Council for being “tired, out of step and increasingly unfit for purpose.” It highlighted the failure to take stronger action in Syria as evidence that a “sclerotic” council was hamstrung by vested interests. … |
We Got Your Euro Zone President Right Here
Saturday 26th of May 2012 01:15:05 AM
Posted by admin / Under Germany Stamp
| Ok; I’ll admit that shipping Obama off to be president of Europe isn’t a very original idea. But still it bears repeating at this critical time because: 1) I don’t like Old Europe very much; 2) Under socialists it just got older; 3) Obama’s work is done here and the Mothership looks like it ran out of “green” fuel on 2008; and 4) Europe’s response to their reckless spending problem happens to be…BEGGING for more reckless spending. And I can’t think of anyone I’d rather see steward Europe’s newest, bestest, reckless stimulus plan than our first King-of-the-World: Barack Hussein Obama.... |
Cardinal will not or cannot ban leading church dissident
Saturday 26th of May 2012 01:15:05 AM
Posted by admin / Under Germany Stamp
| It was reported Cardinal Meisner was about to ban Bishop Gaillot from Cologne Archdiocese.... |
Madame First Lady: Valerie Trierweiler given civil servants and bodyguards
Saturday 26th of May 2012 01:15:05 AM
Posted by admin / Under Germany Stamp
| 'First girlfriend': Valerie Trierweiler has been given an official title and her own team of civil servants and security She declared she would not copy the high profile of her predecessor Carla Bruni. But now Valerie Trierweiler has been given an official title and her own team of half-a-dozen civil servants and bodyguards at the Elysee Palace in Paris. Despite not being married to the new president Francois Hollande, she will be known as the The First Lady of France. Ms Trierweiler, 47, a twice-married mother of three, also has her own page on the French presidency’s website. An official... |
David Cameron: Britain will decide on votes for prisoners not a 'foreign court'
Saturday 26th of May 2012 01:15:05 AM
Posted by admin / Under Germany Stamp
| The Prime Minister said Britain should be able to decide whether its tens of thousands of prisoners vote, rather than a "foreign court". He backed MPs for last year deciding to keep the 140-year-old ban on prisoner voting, even though the European Court of Human Rights (ECHR) has ruled that this must be changed. |
Christine Lagarde tells Britain to step up recovery plan - IMF calls for drastic actions
Saturday 26th of May 2012 01:15:05 AM
Posted by admin / Under Germany Stamp
| The Bank of England should cut interest rates, print more money and ease the regulatory pressure on banks as part of a radical set of measures to return Britain to recovery, the International Monetary Fund has urged. In an unusually alarmist annual assessment of the UK, IMF managing director Christine Lagarde said that "growth is too slow and unemployment too high, and policies to bolster demand before low growth becomes entrenched are needed" Warning that weak growth was putting the country at risk of permanently high unemployment, the Bretton Woods institution called for swift and co-ordinated action between the Bank... |
EU commission to outline plans for political union
Saturday 26th of May 2012 01:15:05 AM
Posted by admin / Under Germany Stamp
| The European Commission has said it will soon bring forward plans for an economic and political union it says is necessary for the creation of debt-mutualizing eurobonds—one of the most controversial proposed solutions to the current eurozone crisis. "We need to reflect what kind of European union would be required to deepen economic and political integration, for instance so that joint issuance of debt would make sense for all member states sharing the single currency," economics commissioner Olli Rehn told MEPs on Tuesday (22 May). He said the commission would "soon" come up with a "medium to long term roadmap"... |
EU Statement Suggests Arabs Can Throw Stones at Protests
Saturday 26th of May 2012 01:15:05 AM
Posted by admin / Under Germany Stamp
| A statement issued by the European Union on Tuesday seemed to suggest it supports Palestinian Authority Arabs’ rights to throw stones during non-violent protests. The statement, released on Tuesday by the spokesperson of Catherine Ashton, High Representative of the European Union for Foreign Affairs and Security Policy, criticized Israel for convicting PA Arab Bassem Tamimi of dispatching stone-throwers and protesting illegally. An Israeli court convicted Tamimi on Sunday, according to an AFP report. The 45-year-old was charged with soliciting stone-throwing based on evidence that he directed such incidents from the roof-tops. He was arrested on March 24, 2011, AFP reported,... |
Consider California, Illinois EU-Style Failed States
Saturday 26th of May 2012 01:15:05 AM
Posted by admin / Under Germany Stamp
| The euro zone isn't the only economy reeling from "failed states." The United States has several of its own — most notably California and Illinois. According to the CIA's world factbook, California's economy is the ninth largest in the world with a gross state product of $1.9 trillion. Illinois' economy is the world's 23rd largest economy with a gross state product of nearly $630 billion. These are impressive figures, to be sure, but both states have seen their global position slip in recent years — and further erosion is likely thanks to poor fiscal stewardship and anti-competitive tax increases. Both... |
Euro-zone Politicians Polishing The Brass On The Titanic
Saturday 26th of May 2012 01:15:05 AM
Posted by admin / Under Germany Stamp
| Euro-zone Politicians Polishing The Brass On The Titanic Politics / Eurozone Debt Crisis May 22, 2012 - 06:09 AM By: Graham Summers France and other, weaker EU members have begun pushing for “growth.” This in of itself reveals how clueless the political elite in the EU are (economic growth in Europe is synonymous with living beyond one’s means and/or living off of others… the very policies that have lead to the EU Crisis). Indeed, this shift from focusing on austerity to growth is really just a switch from one side of a coin to the other… without actually addressing the... |
EU: Drachma scarecrows and the Myths of Greek Exit
Saturday 26th of May 2012 01:15:05 AM
Posted by admin / Under Germany Stamp
| We keep hearing that Greece cannot impose exchange and capital controls – as Iceland did – to contain the damage from Drachma Day, restore stability, and prevent a devaluation overshoot. We hear too that Greece would have to leave the EU if it is ejected from/withdraws from the euro. Both assertions are wrong. The European Commission published a study in its 2003 EU Economic Review examining the treaty basis for exchange controls in an emergency. It concluded that states can indeed put up barriers under the Maastricht Treaty: "Among the actions that can be undertaken when a member state experiences... |
Britain may need to cut VAT or National Insurance, says the International Monetary Fund
Saturday 26th of May 2012 01:15:05 AM
Posted by admin / Under Germany Stamp
| Christine Lagarde, the managing director of the IMF, said Britain had done well with its programme to cut its budget deficit so far but "unfortunately economic recovery has not taken hold". The global financial watchdog concluded that measures to boost economic growth by raising spending on infrastructure have only been "modest" so far. In its report on the health of the UK economy, the IMF said the Bank of England could consider cutting interest rates even further, helping small businesses get loans and doing more "monetary easing" - effectively money printing. |
Battle begins for control of France's parliament
Saturday 26th of May 2012 01:15:05 AM
Posted by admin / Under Germany Stamp
| Campaigning for France's parliamentary elections officially begins Monday in what is expected to be a fierce battle between left and right. Without a majority in the lower house, President Hollande will struggle to deliver on his campaign promises. The battle to take control of France’s National Assembly begins in earnest on Monday when the four week campaign period is officially launched. The Socialist Party is hoping to follow up the presidential triumph of François Hollande by gaining a majority in France’s lower house when the elections take place over two rounds on June 10 and 17. Although poll numbers look... |
Spain: Those oppressed Basques...
Saturday 26th of May 2012 01:15:05 AM
Posted by admin / Under Germany Stamp
| THE REGION TO BE INVESTIGATED FOR TAX REIMBURSEMENTS Navarra in €1.7bn tax inquiry The Spanish tax authorities are stunned, and they have every reason to be so. A discovery of a tax maneuver involving Volkswagen’s car production in the small region of Navarra in northern Spain, has disclosed that the region is indirectly funded by the central government in Madrid through tax returns that add up to 10 percent of the region’s yearly budget. |
Israel denies planning troops in Cyprus
Saturday 26th of May 2012 01:15:05 AM
Posted by admin / Under Germany Stamp
| Israel denied Monday reports in the Turkish press that it planned to deploy thousands of troops in Cyprus to protect oil and gas interests in the sensitive region... Turkey's Anatolia news agency quoted a Greek Cypriot official saying that Israel planned to send 20,000 troops to the Greek part of the divided island to protect 30,000 Israelis to be employed in nascent joint oil and gas projects. Turkey on Friday threatened reprisals against companies bidding for oil and gas drilling projects off Cyprus, in the latest spat between Ankara and the island's internationally recognised government... Turkey's warning came after the... |
Irish Attorney: “Financial shock would never have happened under shariah”
Saturday 26th of May 2012 01:15:05 AM
Posted by admin / Under Germany Stamp
| Every once in a while we come across a story that is really outrageous. Some or outrageous because they are inaccurate. Others are outrageous because they are simply offensive. Today we bring to you an article from John King, an attorney with one of Ireland’s most prominent law firms, in which he makes the case that the financial crisis that occurred in the West, the US housing market in particular, would never have happened if the US markets were Shariah-compliant. |
Greece, Socialism, and Children
Saturday 26th of May 2012 01:15:05 AM
Posted by admin / Under Germany Stamp
| The Greek election earlier this month threw out a governing coalition that had negotiated a EU bailout of that nation's failed economy. The new parliament failed last week to form a government that satisfied the leftist elements' need to fully reject any austerity measures, so a new, likely more leftist parliament will be elected shortly. Considering that Greece is broke with no hope of paying its debts, rejected the terms of a €150 bln bailout seems irrational. Thumbing their collective nose at their final lifeline makes no sense except if Greek voters think like children. Young children are helpless; everything... |
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