JAMES KANTER, STEPHEN CASTLE and NIKI KITSANTONIS
nytimes.com
March 11, 2013
The president of the European Commission on Monday called on E.U. leaders to stay the course on debt reduction and economic overhauls, as he sought to head off a rancorous debate on those issues when the leaders hold a summit meeting here this week.
“Steadfast implementation of reforms is beginning to deliver results in terms of current accounts and regaining competitiveness,” the commission [...]
Part of I-77 in West Virginia is closed after a ‘major’ gas line explosion. The explosion is near Sissonville. Structures are burning…
http://www.wdbj7.com/wdbj7-part-of-i77-closed-in-west-virginia-after-major-gas-line-explosion-20121211,0,447750.story
Reports are coming in of a big explosion in Sissonville, West Virginia (scroll down for photos).
Via local news outlet WSAZ:
The northbound lanes of Interstate 77 are closed in the Sissonville area, from Tuppers Creek to Pocatalico due to what’s being called a major gas line explosion.
Kanawha County Commission President [...]
from dailybail:
Great work. Countdown to EUSSR in 3,2,1…
What the Nobel Peace Prize means to Europe.
“The Eurozone is now in a very dark place; economically, socially, politically, and I fear that the countries trapped inside it will be there for many years to come.”
Nigel Farage is leader of the UK Independent Party http://www.ukipmeps.org
Video features:
The Nobel Peace Scam Trio: Council President Herman Van Rompuy, Commission President Jose Manuel Barroso and European Parliament President Martin Schulz (but many [...]
europarl
Published on May 22, 2012 by europarl
Donate to UKIP: http://www.ukip.org/donations | http://www.ukipmeps.org |http://twitter.com/#!/Nigel_Farage
• European Parliament, Strasbourg, 22 May 2012
• Speaker: Nigel Farage MEP, Leader of the UK Independence Party (UKIP), Co-President of the ‘Europe of Freedom and Democracy’ (EFD) Group in the European Parliament - http://nigelfaragemep.co.uk
• Bluecard question: Georgios PAPANIKOLAOU MEP (Greece), Group of the European People’s Party (Christian Democrats) (EPP group)
• Debate: Preparation of the informal European summit – Investment, growth and jobs – Council [...]
Hungarian Prime Minister Viktor Orban attacked the European Union for imposing political conditions on an EU-IMF loan desperately needed by Budapest, in an interview on Friday.
“Creating political conditions — for example over the justice system — would amount to blackmail, which is unacceptable within the European Union,” Orban told national radio MR1 in his weekly interview.
“The International Monetary Fund (IMF) does not set financial conditions, but the EU is flirting [...]
From Bloomberg:
Jefferson County, Alabama, declared the largest municipal bankruptcy in U.S. history, capping a more than three-year saga that turned it into one of the biggest casualties of Wall Street’s credit crisis.
The move yesterday by Alabama’s most-populous county came after state lawmakers failed to back a September agreement with creditors led by JPMorgan Chase & Co. (JPM) that would have reduced its sewer-system debt of more than $3 billion. Governor [...]
by John Mauldin, Thoughts From The Frontline
“I am sure the Euro will oblige us to introduce a new set of economic policy instruments. It is politically impossible to propose that now. But some day there will be a crisis and new instruments will be created.”
- Romano Prodi, EU Commission President, December 2001
Prodi and the other leaders who forged the euro knew what they were doing. [...]
Alabama’s Jefferson County on Friday held off from filing for bankruptcy over a $3.14 billion bond debt and allowed more time for talks with creditors to try to thrash out a restructuring agreement.
Source: Wikipedia
Birmingham is the county seat of Jefferson County Alabama.
The decision means Alabama’s most-populous county will not—for the moment—declare what would be the largest municipal bankruptcy in U.S. history over its sewer [...]
The slow response of European bureaucracy and Germany’s stubborn refusal to accept the sole remedy that can save the euro and Europe — collective management of public debt and an end to national sovereignty in budgetary policy — could effectively sink the euro.
The markets have broken through one of the many weaknesses in Europe’s defences, prompting yet another collapse in stock prices and boosting the [...]
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