Merkel refutes Obama on G20 fiscal policy

German Chancellor Angela Merkel directly contradicted US PresidentBarack Obama on Saturday, saying spending cutbacks were now needed following the spate of throwing money at the global economic crisis. Referring to the G20 summit in Canada next weekend, Merkel said in a videotaped message that “we are going to discuss when to quit the phase of short-term measures and go on to lasting budget consolidation.” Such a move... [more]

Jolie highlights plight of refugees

Angelina Jolie travelled on rutted jungle roads to a village on Ecuador’s border with Colombia to highlight the abuses suffered by women and children refugees. The actress and UN human rights goodwill ambassador returned for the first time in eight years to a turbulent region where thousands of Colombian refugees live. She ended her two-day visit with a meeting in Shushufindi with President Rafael Correa and other senior government... [more]

China says hands off yuan; Obama talks tough

China told the rest of the world on Friday not to meddle with the way it manages the yuan, setting the stage for a clash with its biggest trading partners at next week’s G20 summit. U.S. President Barack Obama released a letter to his Group of 20 colleagues that zeroed in on prickly policy differences over China’s currency stance and debt-wary Europe’s rush to rein in bulging budget deficits. World leaders gathering in... [more]

Strike continues in Norway but new arbitration Saturday

The strike by 2500 security guards is increasingly affecting daily life for Norwegians, and for tourists as well. On Thursday visitors found the Munch Museum closed, due to a shortage of security personnel. Altogether 12 Norwegian airports are now affected by the strike, and several are closed. Passengers are transported by bus to the nearest operative airport. Oslo Airport Gardermoen has up to now been able to operate at normal capacity,... [more]

Spain bond sale calms debt fears

The Spanish Treasury successfully borrowed 3.479 billion euros (4.305 billion dollars) by selling bonds on Thursday but at higher rates as investors sought more reward for lending after recent debt scares. The treasury issued 3.0 billion euros in 10-year bonds and 479 million euros of 30-year bonds, for a total at the top end of its expectations of 2.5 billion to 3.5 billion. Despite strong demand for the two issues, Spain had to offer higher... [more]

Right wing coalition talks at difficult stage, stalemate looms – Holland

Talks on forming a right-wing coalition appear to have stalled after PVV leader Geert Wilders said he saw no point in continuing talks with the Liberals without the Christian Democrats, and the CDA said it would not join in until the PVV and Liberals had sorted out their differences. CDA leader Maxime Verhagen has reportedly said he wants to be sure that Liberal leader Mark Rutte and Wilders have agreed what to do about the economy and how... [more]

Norway affected by Strike

Norwegians are now being encouraged to bring small change with them when they go shopping. Stores are quickly running out of change, due to the ongoing striike by security guards. Cards are soon the only way to pay your bills at the cashier, since money transports are also affected by the security guard strike. For the same reason, more and more cash points are also closing down, as they are no longer being refilled Share this: ... [more]

France to raise retirement age from 60 to 62

The French government will raise the retirement age from 60 to 62 by 2018,Labour Minister Eric Woerth announced Wednesday as he unveiled a sweeping overhaul of the pensions system. “It is imperative that we salvage our pensions system,” Woerth told a news conference. “Working longer is inevitable. There is no magical solution.” Talk of raising the retirement age has been taboo in France where the right to a pension... [more]

Barcelona plans ban on Islamic veil

BARCELONA plans to be the first large city in Spain to ban the use of the full-face Islamic veil in public buildings, its mayor says. Jordi Hereu says he will sign a decree which will apply in all public spaces such as the city hall and municipal covered markets and creches. “It should not be possible that someone enters into a place without being identified,” the Socialist mayor said yesterdatyy. He said the measure is not aimed... [more]

Special jails for foreign criminals in Norway

The Conservative Party (Høyre) wants foreign criminals convicted in Norway to serve their sentence in special prison blocks, with limited facilities and without the usual on-the-job training. Conservative Party leader Erna Solberg said this as she presented the party’s own plan for combating crime to the party’s Central Committee. The plan calls for an extra 2000 police officers in place before 2015, and an average of two... [more]

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