September 23, 2019

Cameron fends of backbench revolt over EU pullout

UK Prime Minister, David Cameron, has had a rather verbally violent week. Having just returned from an EU summit where he had a massive row with the French President, Nicolas Sarkozy, Cameron is now facing a backbench revolt from Conservatives who want a referendum on pulling out of the European … [Read more...]

EU leaders agree second Greece bailout package

European leaders have reached agreement on a second bailout package for Greece. They have also expanded their rescue funds to help shore up any other debt crises in the eurozone. European Union president Herman Van Rompuy said the rescue deal would be financed by both the EU and the International … [Read more...]

Portugal may need second financial bail-out

International credit ratings agency Moody's Investors Service has downgraded Portugal's debt to junk status and sounded a warning about its future borrowing. Moody's said there was a growing risk that Portugal would need a second bail-out before it was ready to borrow money from financial markets … [Read more...]

Last heir to the Austro-Hungarian empire dies

Otto von Habsburg the eldest son of Charles I, the last ruler of the Austro-Hungarian empire has died in Germany at the age of 98. Otto von Habsburg was born in 1912, four years before his father ascended the throne. His father was deposed at the end of World War 1 and died in exile of … [Read more...]

Greek general strike puts pressure on parliament

As the Greek parliament debates prior to a key vote on new austerity measures, Unions in Greece have staged a 48 hour general strike to protest the European/IMF bailout conditions. Large crowds of protesters are gathering on the streets, with public transport in Athens grinding to a halt. On … [Read more...]

“Eurozone will collapse” – Jack Straw

Former British Foreign Secretary Jack Straw has predicted the collapse of the eurozone and urged the United Kingdom to consider the "alternatives" as the Greek debt crisis worsens. Straw speaking inthe UK parliament as MP's discussed the latest bailout of Greece, said the euro was facing a "slow … [Read more...]

Big protests in Athens as Greek general strike begins

Around 5000 Greek police managed to fend off 20,000 anti-austerity protesters in Athens who were trying to surround the Parliament buildings. Riot police including motorcycle officers used busses and barriers to prevent the encirclement of the Greek Parliament. At times the crowd surged at police … [Read more...]

Socialists defeated in Portugal general election

Portugal's ruling Socialist Party has admitted defeat in the general election and leader Jose Socrates has resigned. Mr Socrates said he accepted responsibility for the defeat which has seen the centre-right Social Democrats (PSD) led by Pedro Passos Coelho win and forming a likely coalition with … [Read more...]

Ratko Mladic in Serbian court for extradition proceedings

Former Bosian Serb army chief, Ratko Mladic has appeared in a Serbian court only hours after being arrested following 16 years in hiding. Authorities are wanting to extradite Mladic to stand trial at the UN war crimes tribunal in The Hague. The hearing process is expected to take a week. … [Read more...]

Denmark bans Marmite

Denmark has banned the savoury yeast spread Marmite, saying its added vitamins and minerals break European Union food safety laws. The Danish authorities must give their permission for products with such additives to be sold. In recent years they have banned several well-known items - … [Read more...]

US imposes sanctions on Syria’s President Assad

The United States has imposed sanctions on Syrian President Bashar al-Assad for human rights abuses and lack of political reform. To date the US and the European Union have imposes sanctions on other individuals in the Assad regime, but not on President Assad himself. President Barack Obama … [Read more...]

IMF head charged with sex assault on hotel maid

Dominique Strauss-Kahn, the head of the International Monetary Fund (IMF), has been charged by New York police over an alleged sex attack on a 32 year-old maid at the Sofitel hotel near Times Square. Mr Strauss-Kahn, 62, was taken off an Air France plane at JFK airport by police only minutes … [Read more...]

Finland supports EU Portugal bail-out

Political rivals from the left and right of the political spectrum in Finland have agreed to back the proposed EU bail-out for Portugal, depriving the Nationalist True Finns party of their chance to scuttle the bail-out. The likely next prime minister of Finland, Jyrki Katainen, leader of the … [Read more...]

EU moves to tighten border controls

EU governments in the 25 nation, passport-free, Schengen zone would be able to impose border controls when faced with exceptional flows of migrants, according to new European Commission proposals. The Commission has stressed that such border checks should be temporary. But with wide economic … [Read more...]

Finland poll result could spell trouble for Portugal

Finland has gone to the polls to elect a new parliament. Opinion polls are showing the nationalist True Finns party has quadrupled its support since the last election. Nationalist leader Timo Soini, has seen his tiny party go to 15 percent support in the opinion polls up from a minimal 4 percent at … [Read more...]