The new coalition government in Italy is off to such a rocky start, it’s hard to say there ever was a honeymoon.
People want more jobs. Instead, the price for a coalition by former Prime Minister Mario Silvio Berlusconi was a rollback in property taxes.
Here is the result: Thousands rally in Rome against cuts.
Thousands of protesters, led by trade unionists, have rallied in the Italian capital Rome against the policies of the [...]
FORMER prime minister Nawaz Sharif has claimed victory in Pakistan’s historic elections, declaring “we are the change” and promising to lift the country out of its economic crisis.
In a swipe at his closest rival Imran Khan, whose party conceded defeat overall but looked set to capture some 40 seats to become the nation’s second largest party, Mr Sharif also claimed to have captured the youth mandate.
As counting continued into early [...]
Baroness Thatcher, Britain’s first woman prime minster, has died after suffering a stroke at the age of 87.
Her children Mark and Carol Thatcher announced that their mother Baroness had died peacefully following a stroke this morning.
Speaking to Sky News, Baroness Thatcher’s spokesman and friend Lord Bell said: “We’ll never see the like of her again. She was one of the great prime ministers of all time and transformed people’s lives.”
London Gold Market Report
from Ben Traynor
Tuesday 26 February 2013, 07:00 EST
“Inconclusive” Italian Election Result “Could Spark Higher Gold Demand” with Italy “Moving Closer to Populism”
U.S. DOLLAR prices for buying gold rose briefly above $1600 per ounce Tuesday morning before falling back, while silver failed to hold above $29 an ounce and stock markets fell following the inconclusive Italian election result.
Italian markets were especially affected, with stocks and government bonds seeing sell-offs, while on [...]
Today’s AM fix was USD 1,613.50, EUR 1,208.80 and GBP 1,041.57 per ounce.
Yesterday’s AM fix was USD 1,611.25, EUR 1,206.39 and GBP 1,041.53 per ounce.
Silver is trading at $30.13/oz, €22.68/oz and £19.56/oz. Platinum is trading at $1,700.25/oz, palladium at $765.00/oz and rhodium at $1,245/oz.
Gold slipped 0.1 percent to $1,607.06/oz on Monday after falling as low as $1,598.04/oz on Friday, its weakest since August.
Cross Currency Table – (Bloomberg)
Gold inched up [...]
Are we witnessing the start of a historic financial meltdown in Europe? In recent days, two massive corruption scandals have greatly shaken confidence in European financial markets. The first involves Spanish Prime Minister Mariano Rajoy. It is being alleged that he has been receiving illegal cash payments, and the calls for his resignation grow louder with each passing day. The second is a derivatives scandal at the third largest bank [...]
Slaughter of more than 235 Syrian citizen at the hands of terrorists in the region, “Scorpion” in the province of Hama, and was the martyrs of the 235 had been kidnapped earlier in the hands of terrorists to put pressure on the Syrian army to not proceed against them.
Source confirmed to the “Huckomako” that the terrorists who massacre subject to the leaders of foreign works in the ranks of [...]
London Gold Market Report
from Ben Traynor
Monday 10 December 2012, 07:30 EST
Gold “Respecting Uptrend”, Berlusconi Speaks of “Desperation” at Returning to Public Life after Monti Announces Resignation Plan
SPOT MARKET gold bullion prices rose to one-week highs above $1710 an ounce Monday morning, while European stock markets fell following news that Italy’s prime minister plans to resign.
“Gold continues to consolidate its gains from August-September, and is still respecting its long term uptrend,” says [...]
At the Bicom annual dinner last Tuesday, I had the privilege to meet and then hear Ehud Barak, a true Israeli hero, speak about the challenges and opportunities facing his nation. Now defence minister, and a former prime minister, Barak is too authentically military in his bones to rattle sabres. He told the gathering organised by Bicom – the marvellous organisation which fosters links between Britain and Israel – that [...]
Former French president Nicolas Sarkozy has been offered the chance to earn £200,000 for just a single hour of work with Morgan Stanley.
If Sarkozy takes the bank’s offer, revealed in French investigative weekly Le Canard Enchaine, he will receive the bumper sum for giving a 45-minute speech and posing for pictures for a further 15 minutes.
The scale of the payment reveals the lucrative avenues open to former world leaders after [...]
After the 5 hour testimony of former representative of Greece to the IMF, Panagiotis Roumeliotis, advocate Peponis decided that traitor former PM Papandreou is worthy of a trial for his actions against Greece and Greek people!
It’s up for the current govt to decide if he will be tried or not, but knowing the corrupt Greek govts through the years, I personally believe he won’t be tried, but it’s an official [...]
BREAKING NEWS Former Prime Minister Margaret Thatcher has passed away at the age of 86 after prolonged illness. More details as we get them
Former Prime Minister Tony Blair has said he is “deeply worried” that Britain will leave the European Union via a referendum.
Mr Blair also told a German newspaper that the UK’s exit from the EU could be sparked by too much power being transferred to Brussels.
David Cameron said in July that it was a “perfectly honourable position” to call for a referendum on Britain’s membership of the EU – something polls show a [...]
German politicians have reacted furiously to this front page in the Italian daily Il Giornale with its headline “Fourth Reich” above a picture of Chancellor Angela Merkel raising her hand in a vaguely fascist salute.
The paper is owned by the brother of Italy’s former prime minister, Silvio Berlusconi, and the article – published on Friday – was written by its editor-in-chief, Alessandro Sallusti.
It says: “Since yesterday, Italy is no longer in Europe, [...]
While the elections for a 200-member National Congress is unlikely to grant a majority to any one faction, the Muslim Brotherhood and its Islamist allies are confident they can join their counterparts in Tunisia and Egypt at the helm of leadership.
Negotiations between the Muslim Brotherhood and a secular-based political movement led by former interim prime minister Mahmoud Jibril have focused on forming a post-election government as soon as the result [...]
Tony Blair has said the UK will face an “interesting choice” over whether to join the euro if the currency’s current crisis is resolved.
The former prime minister told the BBC he believed the UK should still be keeping open the option of joining it.
He said that looking at the “broad sweep of history” in the long term “the European integration project” was going to go ahead, “like it or [...]
By YASMIN HELAL AL ARABIYA An Egyptian plumber in Alexandria beat his pregnant wife to death upon learning that she had not voted for Muslim Brotherhood presidential candidate Mohammed Mursi, reported the Egyptian daily al-Wafd on Sunday. According to police reports, the initial argument between the couple who was not named escalated into violence, despite her pleas. Battered and bruised, she was reported to have died at the hospital from [...]
Suggestions by former prime minister Silvio Berlusconi that Italy could benefit from leaving the euro have been flatly rejected by the technocrat government that replaced him last November as well as business leaders.
Mr Berlusconi, whose centre-right party is the largest in parliament but has been hammered in local elections and opinion polls, said on Wednesday that if “Berlin keeps insisting on its negative positions?.?.?.?then it could happen that individual countries could [...]
CAIRO (AP) — Hosni Mubarak’s health worsened Monday, with doctors twice having to use a defibrillator on the imprisoned former leader, adding to the tumult in Egypt before this weekend’s runoff election for president.
Mubarak, 84, was slipping in and out of consciousness, was suffering from high blood pressure and breathing difficulties, and was in a deep depression, according to security officials at Torah prison where he is serving a life [...]
Former prime minister: “I have crazy ideas for the future.” It launches its proposal on the coin. Alfano: “Stop those who play in shambles.” Cicchitto: “No combination of moderate, not longer support the government Mountains.” Italy Futura: “Do not embark castaways”
ROME - It ‘a Silvio Berlusconi show the intervention of former premier meeting of the party groups. “I tell my crazy idea. If no other currency is printed by the ECB, we print our own currency [...]
Tony blair will earn around £2 million a year in his part-time role as adviser to the Wall Street bank JP Morgan without ever having to go into the office, The Daily Telegraph has learnt.
The salary – far higher than reported so far – is proof that Mr Blair is well on course to becoming the richest former prime minister in history.
Last night rumours were growing that he is [...]
A protester has branded Tony Blair a war criminal after storming the Leveson Inquiry hearing where the former prime minister is giving evidence.
The man, dressed in a white shirt and chinos, entered the room from behind Lord Justice Leveson where the door is manned by a sole usher.
He appeared to catch security at the Royal Courts of Justice off guard and was able to shout out his message before he [...]
“Nobody can humiliate the Greek people during the crisis, and I say this today addressing specifically Ms. Lagarde… who with her stance insulted the Greek people,” Evangelos Venizelos told an election rally.
Lagarde told Britain’s Guardian newspaper in an interview published Friday that Greeks must “help themselves collectively” by all paying their taxes, saying she was more concerned about sub-Saharan Africans in poverty than Greeks hit by the economic crisis.
Silvio Berlusconi’s accountant brought an amazing £16million in cash to the former premier’s luxury villa to pay girls who attended his infamous bunga bunga parties, a court has heard.
The eye-watering sum was revealed by Berlusconi’s grey-haired accountant Giuseppe Spinelli during two hours of questioning as the trial of the sleazy politician who is accused of paying for sex with a minor continues.
Prosecutors believe dozens of women were given money, cars [...]
Published on May 7, 2012 by CapitalAccount
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Welcome to Capital Account. This weekend we saw elections in Europe – the most important occurring in France and Greece. Although the former resulted in the ousting of Nicolas Sarkozy, who has been at the helm in France since the beginning of this crisis, the latter is arguably more important as it has shaken the foundation of EU and IMF-led reforms in the deficit [...]
Tom Parfitt and Bruno Waterfield
May 2, 2012
Guido Westerwelle, the German foreign minister said on Wednesday that Berlin was prepared to scupper Kiev’s “association agreement” with the EU if Mrs Tymoshenko, Ukraine’s former prime minister, is not allowed adequate medical care. “We Germans say it cannot be ratified if conditions for the rule of law are not also clearly kept to,” he said in a television interview.
The comments came as [...]