Ex-Iceland PM on trial over banking crisis

ICELAND’S former prime minister Geir Haarde has become the first political leader to be tried over the global financial crisis, as proceedings begin to decide if he can be held accountable for his country’s banking sector collapse. Haarde, 60, who arrived minutes before proceedings began at today looking cheerful and accompanied by his wife, asked the court for a third time to dismiss the charges, which he has called a “farce.” Haarde... [more]

Slovenian ex-PM on trial

Former Slovenian prime minister Janez Jansa and four others went on trial on Monday over alleged bribery in the former Yugoslav republic’s biggest ever defence deal. “All together it is just a farce,” Jansa, prime minister from 2004-8 and now head of the main centre-right opposition Slovenian Democratic Party (SDS), told journalists as he arrived at Ljubljana’s municipal court. Jansa, 52, has been charged with “complicity... [more]

Chirac embezzlement trial due to open in Paris

The embezzlement trail of former French president Jacques Chirac is due to open Monday, despite his lawyers’ claims that he is medically unfit to attend. Chirac is also accused of breach of trust and using public funds to pay his campaign workers. Jacques Chirac’s embezzlement trial opens Monday with his lawyers arguing that the French former president is too unwell to attend but insisting that the case must still go ahead. The... [more]

US presses Swiss banks for data over tax evasion

US authorities have given Switzerland until Tuesday to transmit data from tax evaders in the United States who have stashed assets away in Swiss banks, the SonntagsZeitung reported on Sunday. The United States has asked for detailed information on US nationals who have hidden their money in Switzerland, the paper said, basing its report on a three-page letter from the US deputy attorney general James Cole, dated August 31, addressed to the... [more]

Israel ‘Will Not Apologise Over Flotilla Deaths’

Israel’s prime minister has refused to apologise to Turkey for last year’s deadly military raid on a Turkish-lead flotilla heading for Gaza. Benjamin Netanyahu said actions by naval commandos, which left nine Turkish nationals dead, were carried out in self-defence to prevent arms from reaching the Palestinian strip. In his first public remarks since Turkey expelled the Israeli ambassador on Friday, Mr Netanyahu expressed regret... [more]

S.Korea police break up protest against navy base

More than 1,000 South Korean riot police dispersed or arrested scores of protesters who for months have blocked construction of a naval base on a scenic holiday island. Navy engineers resumed work after police evicted about 130 protesters who have occupied the site at Gangjeong on the coast of southern Jeju island since June. Military officials say the $970 million project is vital for national security. But village residents and activists... [more]

Greek debt ‘out of control’ – parliamentary committee

The dynamics of Greece’s huge foreign debt has run “out of control,” and government efforts to repair the country’s crippled economy have proved unsuccessful, the Greek parliamentary budget committee said in its report issued on Wednesday. “The steep debt rise, high primary deficit … have exacerbated to the maximum the dynamics of debt, which is out of control,” the report said. “It is clear... [more]

Deputy prime minister criticises Wilders’ anti-Europe stand

Scrapping the euro and closing the Dutch borders, as called for by right wing populist MP Geert Wilders, will lead to more unemployment in the Netherlands, deputy prime minister Maxime Verhagen says in an interview with website nu.nl. Wilders’ anti-Islam PVV has a formal alliance with the ruling minority coalition, made up of the VVD Liberals and Christian Democrats. ‘What Wilders says sounds very reasonable – ‘What... [more]

Russia recognises Libya rebels as world leaders meet

Russia on Thursday officially recognised Libya’s rebels as the governing authority in the country, the Foreign Ministry said in a statement. “The Russian Federation recognises Libya’s National Transitional Council as the ruling authority and notes its reform programme that includes the development of a new constitution, holding general elections and forming the government,” it said. “Our country has established... [more]

World Powers Meet Libya’s New Leaders In Paris

David Cameron and Nicolas Sarkozy are jointly hosting a high-level summit in Paris to welcome Libya’s National Transitional Council into the diplomatic fold The event represents an enormous coalition of global powers: 60 countries and international organisations including the Arab League, United Nations and African Union have been invited. The meeting has two goals: firstly, to secure diplomatic and financial support for Libya. Secondly,... [more]

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