Police raid German president’s ex-advisor’s house

Police have raided the home of President Christian Wulff’s former spokesman Olaf Glaeseker as well as the offices of an event manager who was closely connected to the president when he was state premier of Lower Saxony.  Investigators looking at corruption allegations against the two men raided Glaeseker’s house near the Lower Saxony capital of Hannover as well as Manfred Schmidt’s offices in Berlin and Switzerland, removing computers... [more]

France shrugs off downgrade with successful bond sale

France and Spain successfully raised funds at lower rates on the markets despite a raft of eurozone credit downgrades, while Greece got the prospect of more rescue loans from the IMF. In their first bond auctions since Standard & Poor’s downgraded their credit ratings last week, both Paris and Madrid demonstrated they can still borrow at affordable rates. Despite S&P having dropped Spain’s rating two notches from AA-... [more]

Romanian riots reveal growing gloom in region

Romanian cities are gripped by the worst street violence in over a decade. Slovaks seem poised to re-elect a confrontational and divisive populist. Hungary alarms the European Union with laws that erode democratic rights. In former Soviet bloc nations now part of the EU, frustration is mounting due to economic stagnation and worrisome governance, encouraging street protests and unpredictability that could further jeopardize growth... [more]

Speak Dutch to get social welfare in Holland

The larger of the two parties in the minority coalition, the conservative VVD, has said that only people who speak Dutch should be eligible for social welfare assistance. MP Cora van Nieuwenhuizen hopes to adopt a proposal from the governing VVD into legislation from 1 January 2013, Dutch newspaper de Volkskrant reports. The VVD announced in 2010 that it intended reforming the social welfare system. It can rely on support from its smaller... [more]

Pakistan wants answers on Norwegian agents

Norway’s ambassador in Islamabad has been summoned to a meeting with Pakistani authorities after outgoing domestic security chief Janne Kristiansen said Norway has intelligence agents posted in Pakistan. The meeting was set to take place at 12pm on Thursday, newspaper Aftenposten reports. Kristiansen resigned on Wednesday night after coming under fire for a presumed breach of confidentiality when she exposed details of Norway’s foreign... [more]

Norway Intelligence chief resigns over secrecy blunder

Janne Kristiansen, the head of Norway’s domestic intelligence service, has resigned over an alleged breach of confidentiality after she told parliament that Norway had agents operating in Pakistan. Kristiansen, who took over as chief of the Police Security Service (PTS) in 2009, informed Justice Minister Grete Faremo (Labour Party) of her decision on Wednesday night. Speaking on Wednesday at an open parliamentary hearing on the July 22nd... [more]

Job summit ends with €429 spending commitment in France

A four-hour crisis jobs summit chaired by President Nicolas Sarkozy on Wednesday ended with a series of measures as well as plenty of criticism. The summit, held as France’s unemployment remains stubbornly at twelve-year highs, brought together union leaders, business representatives and ministers. “The gravity of the crisis obliges us to make decisions,” Sarkozy told them, according to a text provided by his office. A... [more]

Concordia Captain Enjoyed Female Company During Crash

Francesco Schettino, the captain of sunken Costa Concordia cruise ship was at a restaurant enjoying a company of two women, when the vessel hit the rocks, one of the ship’s passengers told Italy’s RaiTre television channel. The Costa Concordia, carrying 4,200 passengers, capsized after hitting rocks off the coast of Isola del Giglio last Friday night. Eleven bodies have been recovered, and a search for 24 missing people is underway. Marco... [more]

First Deputy PM Justifies Public Protests in Russia

The recent and upcoming anti-government protests are a sign of Russia’s irreversible political transformation and “will not be stifled,” First Deputy Prime Minister Igor Shuvalov said Wednesday.   “When per capita GDP is approaching $15,000, a country crosses a certain line, it begins to perceive itself differently, and the political system becomes more flexible,” Shuvalov told journalists at the Gaidar forum in Moscow.   “We’re... [more]

Russian Attitudes Toward Business Must Change – Putin

Changing the negative perception of business among Russians remains a priority task, Russian Prime Minister Vladimir Putin said on Wednesday.   “Our difficulties stem, firstly, from the socialist state of mind and, secondly, from the 1990s, when it all, regretfully, worsened and was discredited, to a significant extent, because of unfair privatization,” the Russian premier said.   He decried that fact those close to the authorities... [more]

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