EU

26.05.2012 19:19 15 comments UK braces for immigration boom if euro collapses Britain’s Home Office is drawing up contingency plans to restrict the number of economic migrants from Greece and other European Union nations in case the euro collapses. Eurozone crisis		25.05.2012 19:06 25 comments German poll: No special debt owed to ‘aggressive’ Israel Over 70 year after the Holocaust, the majority of Germans believe their county has no special obligations to the Jewish state, a recent survey has shown. Israel was denounced as an “aggressive” state by almost 60 per cent of respondents.
25.05.2012 15:23 1 comment Bankia suspends shares, asks for 15 billion euro Shares of Spain's fourth largest lender Bankia SA were suspended on the Madrid stock exchange on Friday as the bank is expected to ask for financial help from the Spanish Government totaling 15 billion euros.		25.05.2012 12:41 6 comments Moody’s downgrades three Scandinavian banks Something is rotten in the state of Sweden, as Moody’s has downgraded the country’s Nordea Bank and Svenska Handelsbanken, while Norway’s DNB Bank has also seen its debt rating cut. Eurozone crisis
24.05.2012 16:32 3 comments Brussels summit stumbles on Eurobonds as France and Germany lock horns The European Union summit in Brussels has closed, with leaders getting little further in solving the deadlock on the current debt crisis as they failed to agree on Eurobonds. Eurozone crisis		24.05.2012 05:37 7 comments ‘EU forcing Greece into austerity’ European calls for Greek contingency plans are nothing more than brinkmanship, believes John Laughland of the Institute of Democracy and Co-operation. Eurozone crisis
23.05.2012 20:09 2 comments Euron your own: Europe prepares for Grexit Euro-zone officials have told each country in the currency union they should assess the fallout of a probable Greek exit from the euro and prepare their own contingency plans on how to deal with it. Eurozone crisis		22.05.2012 18:44 7 comments Could Geuro save Greece? Introducing a parallel currency could be Greece’s best chance to stay in the euro and avoid a devastating default, according to research from Deutsche Bank experts. Eurozone crisis
22.05.2012 16:04 6 comments Make up or break up dither ‘killing EU’ Comparing the EU with a push-me-pull-you beast, political risk consultant Dr. John Hulsman predicts that the union should either go for further substantial integration and unification, or cease to exist as a geopolitical entity. Eurozone crisis		20.05.2012 11:25 28 comments G8 summit ends with artificial ‘hopetimism’ The annual G8 summit is over, with no tangible result in saving Europe from financial crisis. Focused on debt-torn Greece, the world’s most powerful economies expressed support to Athens staying in eurozone despite a backup plan of its exit. Eurozone crisis
19.05.2012 12:27 8 comments Bomb blast hits Italian school: at least 1 dead A Bomb blast has struck a school in the southern Italian city of Brindisi, killing at least one student and injuring several others. No one has claimed responsibility for the explosion although initial suspicions point to the local mafia.		18.05.2012 23:41 18 comments Merkel meddle: Germany pushes for Greek referendum? Germany denies reports that Chancellor Angela Merkel suggested Greece holds a referendum on the country’s membership in the “euro club”. However, major political parties have slammed the proposal.
18.05.2012 13:49 8 comments Hol-la-lande! French cabinet shows who wears the pants (PHOTOS) Stylish Mesdames and Mademoiselles filled the presidential Elysee Palace just days after the former first lady bade au revoir to her glittering years in the residence. The newly sworn-in president got together with his glamorous cabinet.		18.05.2012 00:47 9 comments Moody’s cuts ratings of 16 Spanish banks The European banking industry has suffered another crushing blow after Moody’s ratings agency downgraded the credit ratings of 16 Spanish banks, citing the weakened government’s ability to support some banks. Eurozone crisis
17.05.2012 21:07 15 comments Cameron demands ‘make-up’ or ‘break-up’ but will eurozone agree? Britain's prime minister has called for the 17-member eurozone to support deficit cuts or face collapse. But this demand is unlikely to garner much support from France and Germany.		17.05.2012 18:35 2 comments France says no to thrifty policy France won’t ratify the European fiscal pact for tighter budgetary policy unless commitments to promote economic growth are included, according to the country's new finance minister, Pierre Moscovici.
17.05.2012 15:07 6 comments Grexit could have Lehman effect - experts Greece’s departure from the eurozone could create a domino effect for debt-choked Portugal, Spain and Italy, similar to that caused by the Lehman Brothers bankruptcy in 2008, experts say.		17.05.2012 11:44 6 comments ‘No difference between giving money to Karzai govt and burning it’ Despite its own financial woes and public discontent, Germany is giving early 150 million euro in support to Afghanistan. But critics say it is like throwing money out the window.
17.05.2012 02:52 37 comments Free to be wrong: European elections spell economic doom Greece has failed to forge a coalition out of a motley crew of impractical and irreconcilable parties and now faces a fresh election. As another wave of the continent-wide crisis looms, it’s time to face up to the flaws of Europe’s political systems. Eurozone crisis		16.05.2012 16:05 11 comments Paint it bleak: German police clean up Occupy Frankfurt Camp (PHOTOS) Cleaning up a tent camp of about 300 Occupy protesters – Europe's longest continuous “Indignants” protest – from near the European Central Bank turned out to be a messy business for some Frankfurt police.

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