Eurozone finance ministers were to confer by telephone on Saturday after 12 hours of talks in Athens failed to produce a breakthrough on a deal to bail out Greece, the Greek finance minister said. Evangelos Venizelos added that a planned meeting by eurozone ministers on Greece originally scheduled for Monday would now be held on Wednesday. "I will participate in a Eurogroup telephone conference at 1230 GMT" to discuss details of a rescue deal for Greece worth 130 billion euros ($171 billion) which officials have been trying to seal since October, the minister said in a statement. "Critical issues pertaining to the country's ...
Australia's flood crisis deepened Saturday as authorities braced for waters to peak in Queensland where one woman is missing after being swept away while elsewhere thousands remain stranded by the surge. Prime Minister Julia Gillard said eight military helicopters would help in search, evacuation and resupply missions in the eastern state, where days of heavy rainfall have prompted hundreds of evacuations and dozens of rescues. "The helicopters will be available to assist in rescue operations as required until the immediate crisis has passed," Gillard said in a statement. In the inland Queensland town of Charleville authorities are on alert amid fears a temporary ...
Tens of thousands people are braving the bitter cold at two major rallies in downtown Moscow on Saturday as a power play between champions of political liberalization and supporters of Prime Minister Vladimir Putin continues to unfold. The first demonstration demands fair elections at the March 4 presidential polls, at which Putin is expected to secure a third term in the Kremlin. It also calls on Russians “not to give a single vote” to Putin. The opposition rally is widely seen by analysts as a litmus test of protesters’ ability to maintain momentum after two earlier protests against alleged vote fraud in favor of ...
German Chancellor Angela Merkel on Saturday wrapped up a visit to China where she tried to reassure her hosts on the strength of the euro and Europe's ability to overcome its debt crisis. During her three-day trip to the world's second largest economy, Merkel praised the advantages of the single currency and urged China to put pressure on Iran and to condemn Syria at the United Nations. Merkel, who was prevented from meeting journalists and a human rights lawyers, ended her official visit in the southern city of Guangzhou, Xinhua news agency reported. Merkel, who held talks with Premier Wen Jiabao and President ...
Norway’s government has said it wants non-European immigrants to carry residency cards equipped with data chips bearing their fingerprints. In a proposal presented on Friday, the justice ministry said the new identity cards would help tackle illegal immigration. “The residency card system will increase security surrounding residency permit documentation, thereby contributing to the prevention of illegal immigration and illegal residency,” said Justice Minister Grete Faremo (Labour Party) in a statement. The move follows pressure from the European Union to ensure that immigrants from outside the European Economic Area, of which Norway is a member, are provided with residency cards that include fingerprint details. Faremo ...
Greece expects its 2011 budget deficit will be smaller than expected at between 9.1 and 9.4 percent of GDP, thanks to an emergency property tax, a finance ministry official said on Friday, a development that could help Athens in its bailout talks with the EU and IMF. Greece, which is racing to complete talks with the EU and the IMF on a second bailout worth 130 billion euros, had previously estimated that the deficit would be above 9.5 percent of GDP. "The numbers aren't final yet but we believe the deficit will come in at between 9.1 and 9.4 percent (of GDP)," ...
China has rejected Japanese protests over alleged improper exploration of gas deposits in the East China Sea. The Foreign Ministry said Friday the recent activity had taken place within Chinese-controlled waters and was completely normal. A ministry statement said China was strongly dissatisfied with recent comments from Japanese officials. Japan's chief Cabinet secretary on Wednesday said Japan protested to China after a flare was seen a day earlier at a Chinese structure at an undersea gas deposit. The deposit, known as Kashi in Japan and Tianwaitian in China, sits near a median line in the countries' overlapping exclusive economic zones. Japan and China agreed ...
The leader of Russia's Islamist rebels ordered a halt to attacks on civilians, saying mass opposition protests showed the public no longer supported Vladimir Putin, according to a video posted Friday. Doku Umarov, whose Caucasus Emirate group claimed atrocities including a deadly Moscow airport bombing in 2011 and a metro attack in 2010, said from now only security objects and officials would be targeted. "I order all special groups that are carrying out or plan to carry out special operations in Russia to put a halt to these operations that could hurt the peaceful population," Doku Umarov said in a video address ...
China's Premier Wen Jiabao said Friday the Asian giant had neither the ability nor the intention to "buy Europe", amid concerns over growing Chinese investment in debt-stricken eurozone economies. China is "willing to cooperate with Europe to fight the current crisis. Some people say this means China wants to buy Europe", Wen told a German-China business forum in the southern city of Guangzhou. "This a concern and doesn't fit reality. China doesn't have this intention and doesn't have this ability." German Chancellor Angela Merkel, in China for a three-day visit to boost her host's confidence in Europe, also attended the forum along with ...
Energy Secretary Chris Huhne is to resign from the Government after it emerged he is to face prosecution over allegations that he asked his ex-wife to take a speeding penalty for him. The Liberal Democrat MP has been charged with perverting the course of justice after an investigation into the 2003 incident by Essex Police. His former wife, the economist Vicky Pryce is also facing charges of perverting the course of justice. They are due to appear before Westminster Magistrates' Court on February 16. The maximum sentence for perverting the course of justice is life in prison, the CPS and the Sentencing ...
In the heart of the Polish countryside, about 500 Chinese workers toil frenetically on a new stretch of the A2 motorway connecting Berlin and Warsaw — an unprecedented sight both here and across the EU. Poland has become the first country in the 27-member bloc to open its doors to a Chinese company on a public works contract, thanks to the firm’s controversial low bid that beat out several European competitors. In a place where... [more]
A cloud of volcanic ash from Iceland that has caused headaches for air travelers spread to Germany on Wednesday, forcing the closure of Berlin’s airports and disrupting hundreds of flights, but experts said the eruption appeared be winding down. European air traffic controllers said they expect about 700 flights to be canceled on Wednesday, but Eurocontrol added that activity from Iceland’s Grimsvotn volcano has declined sharply... [more]
European governments wrangled over how best to keep Greece from defaulting on its mountain of debt, with one of them acknowledging for the first time that they had discussed a restructuring — a risky move to delay or cut debt repayments. Monday’s meeting was meant to focus on getting final approval for a euro78 billion ($110 billion) bailout for Portugal, but growing concern over Greece — and the arrest of Dominique Strauss-Kahn,... [more]
Dominique Strauss-Kahn’s reputation with women earned him the nickname “the great seducer,” and not even an affair with a subordinate could knock the International Monetary Fund leader off a political path pointed in the direction of the French presidency. All that changed with charges that he sexually assaulted a maid in his hotel room, a case that generated shock and revulsion, especially in his home country. Police said... [more]
Japan and Germany are limiting or phasing out reliance on nuclear power after the Fukushima accident — moves that could raise petroleum prices — but most of the rest of the world is undaunted in its pursuit of nuclear energy. Energy-hungry developing nations such as China, India, Mexico and Iran are moving forward on plans to build more nuclear plants, even as authorities around the world intensify safety inspections of existing plants... [more]
A government-appointed energy ethics commission reckons Germany could be nuclear power-free in ten years without any electricity supply problems, according a draft report seen by the Frankfurter Allgemeine Zeitung. The commission, headed by the Christian Democrat former environment minister Klaus Töpfer, was appointed last month to comb through the opposing arguments and propaganda and come up with feasible recommendations. It is set to... [more]
Germany is ready to back Italy’s central bank chief Mario Draghi to take over as European Central Bank president, Chancellor Angela Merkel said on Wednesday. “Germany could support his candidacy for the position of ECB president,” she told Die Zeit weekly in an interview. Germany’s Finance Minister Wolfgang Schäuble has previously also suggested he would like to see Draghi as the next head of the ECB when Frenchman... [more]
A German court says an 88-year-old convicted over 60 years ago by a Dutch court of complicity in 22 murders during the Nazis’ World War II occupation will not be extradited to the Netherlands. Ingolstadt court spokesman Jochen Boesl said Wednesday Klaas Carel Faber has objected to being extradited — and the suspect’s consent would be mandatory in this case because he is a German citizen. Dutch prosecutors say Faber was convicted... [more]
The French and German Finance ministers have telephoned their Dutch counterpart Jan Kees de Jager to fill him in about a semi-official policy meeting to which the Netherlands had not been invited. Mr De Jager was reassured that Friday’s talks in Luxembourg about the Greek debt crisis did not lead to any decisions. “Things can only be decided in the presence of all eurozone member states,” they said, according to a Dutch... [more]
John Demjanjuk’s lawyer assailed Germany’s prosecution of the 91-year-old on Tuesday, arguing that investigators have failed to offer concrete evidence of his involvement in Nazi war crimes and have been inconsistent in their efforts to pursue suspects. Attorney Ulrich Busch argued that, whether or not he is convicted, the retired Ohio auto worker is already “a victim of German justice.” He complained as he started... [more]
