Gregor Peter‏@L0gg0l4 min
EUROGROUP DISCUSSED CYPRIOT EURO EXIT, CAPITAL CONTROLS IN TELECONFERENCE
LSE’s de Grauwe Says Euro Area in ‘Deep Trouble’
Germany rejects Cyprus pension fund plan: reports
CYPRUS: Talks With Troika In Final Stages, Next Few Hours Will Determine The Future
The Cypriot government just issued a statement on the latest in the negotiations over a bailout of its banking system with the EU.
Via Bloomberg, Cypriot government spokesman Christos Stylianides, speaking in the capital [...]
An Iraqi court has sentenced an American citizen to life in prison on charges of assisting al-Qaida and financing terrorist activities in Iraq, according to a government statement released Thursday.
The Interior Ministry said Omar Rashad Khalil, 53, was recruited by al-Qaida in Iraq in 2005. Khalil, an architectural engineer, is of Palestinian descent and entered the country in 2001, the ministry statement said.
The ministry released excerpts from a confession [...]
Spain formally became the fourth country to ask for bailout aid from the euro zone on Monday, June 25. Spain’s short-term borrowing costs nearly tripled at auction on Tuesday. Market participants expect Moody’s to further downgrade Spain’s sovereign debt to Junk status.
Meanwhile, Cyprus also beat Italy to officially become the fifth Euro Zone bailout nation as ‘‘negative spillover effects through its financial sector, due to its large exposure in the Greek economy,’’ according to a government [...]
North Korea demanded Thursday that South Korea apologise for what it called insults during major anniversary festivities, or face a “sacred war”, as Seoul unveiled a new missile to deter its neighbour.
Regional tensions have risen since Pyongyang went ahead with a long-range rocket launch last Friday, defying international calls to desist.
The event was to have been a centrepiece of celebrations marking the 100th anniversary Sunday of the “Day of the Sun”, the birthday [...]
General Motors Co, the world’s biggest automaker, is poised to receive approval to build a 7 billion yuan ($1.1 billion) factory in China, according to a provincial government statement.
The plant, operated by GM’s passenger-car venture with SAIC Motor Corp, will have an annual production capacity of 300,000 vehicles and will be located in the central city of Wuhan, the Hubei Environmental Protection Bureau said on its website. Shanghai GM is [...]
Poultry imports from the part of southern China where a man died from the H5N1 virus remain banned in Hong Kong after genetic tests linked the man’s strain of the disease to the version found in wild birds in the city.
The import of live, chilled and frozen poultry, and eggs, from within a 13-kilometer (8-mile) radius of the man’s home in Shenzhen were suspended for 21 days starting Jan. 1, according to a [...]
Luckily, we never promised readers to have a quota of only one stupid European story per hour or else we would be worse liars than the European bureaucrats who finally discovered the abacus and punch cards, and have realized that, As We Noted, The EFSF Is DOA. The WSJ Reports that Angela Merkel has cancelled a government statement on the European Union summit this weekend, due Friday, at short-notice, a spokesman for [...]
Anti-Gaddafi forces claim they have surrounded the former Libyan dictator as footage emerged of him enjoying happier times with his granddaughter.
A spokesman for Tripoli’s new military council said it was only a matter of time until he was captured or killed.
Anis Sharif told reporters: “He can’t get out. We are just playing games with him.”
He said Colonel Muammar Gaddafi was still in Libya and had been tracked using [...]
This from the Telegraph: “Japan earthquake: residents flee as quake fears spread”, @ http://www.telegraph.co.uk/news/worldnews/asia/japan/8383978/Japan-earthquake-residents-flee-as-quake-fears-spread.html . The bold below is mine:
The railway station at Nasushiobara, the last one still operating near Japan’s nuclear crisis area, was jammed with frightened people. In this ghost town of closed shops and offices, pedestrian-free pavements, and empty petrol pumps, the station was the only place still alive, and the only [...]