WH welcomes rescue actions on European economy

The White House is praising the European Union and its member countries for acting aggressively to contain a spreadinggovernment debt crisis on the continent. The White House comments Monday came after the EU announced a $1 trillion package to support the euro and prop up troubled governments amid fears the crisis would spread from heavily indebted Greece to other financially weak countries such as Spain and Portugal. In a statement,... [more]

Merkel says EU aid fund will protect the euro

German Chancellor Angela Merkel said Monday that an emergency trillion-dollar rescue package for crisis-hit eurozone countries would serve as bulwark for the beleaguered euro. “This package serves to strengthen and protect the common currency,” she told reporters, hours after the European Union announced an unprecedented intervention worth more than €750 billion backed by the International Monetary Fund and central banks... [more]

Obama chooses Kagan for Supreme Court

President Barack Obama will nominate Solicitor General Elena Kagan to the Supreme Court, a person familiar with the president’s thinking said Sunday night. The move positions the court to have three female justices for the first time in history. The source spoke on condition of anonymity because the decision had not been made public. Obama will announce his choice at 10 a.m. Monday in the East Room of the White House. Known as... [more]

Greece holds crisis talks after EU bailout deal

Greek President Carolos Papoulias called crisis talks with political leaders on Monday in a bid to rein in social tensionsas the EU moved to limit the fallout from Greece’s debt crunch on world markets. The talks are being boycotted by representatives of the Communist and left-wing Syriza parties, who have helped mount protests in recent weeks against drastic austerity measures aimed at slashing Greece’s budget deficit. More... [more]

China AIDS activist flees to US after harassment

A prominent Chinese AIDS activist has fled China for the United States with his wife and 4-year-old daughter to escape increasing government harassment of him and his organization, he said Monday. Wan Yanhai’s departure highlights the pressure that nongovernmental groups and activists face when operating in China, where theCommunist Party leadership remains suspicious of independent groups or individuals as possible threats to their... [more]

Euro rescue package agreed, Dutch contribution €26bn

The Netherlands will contribute €26bn to the €500bn guarantee fund being set up by eurozone members to shore up the euro, acting finance minister Jan Kees de Jager said on Sunday evening. The EU effort is part of a global effort to stabilise the world financial markets in the wake of the Greek debt crisis, worth an estimated $1 trillion, according to Reuters news agency. De Jager emphasised the Dutch contribution is in the form a of... [more]

Serbia uncovers Kosovo Albanian mass grave

Serbia has uncovered a mass grave believed to contain the bodies of some 250 ethnic Albanians killed during the 1998-1999 conflict in Kosovo, its war crimes prosecutor told AFP on Monday. “Serbia’s war crimes prosecution office and EULEX (the EU’s law and police mission in Kosovo) together uncovered the mass grave with presumably 250 bodies of Kosovo Albanians,” prosecutor Vladimir Vukcevic said. The grave was found... [more]

Sweden could assist eurozone bailout: Borg

Sweden’s finance minister Anders Borg was on Sunday unwilling to rule out that Sweden would assist in underwriting a bailout fund for troubled euro economies. “I would not rule out anything,” Anders Borg told reporters as he arrived for crunch talks in Brussels. “I would be willing to consider any option,” he said when asked if Sweden could help to guarantee borrowings in the EU’s name despite not... [more]

Europe Agrees 500bn Euro Rescue Package

Europe has agreed a 500bn euro (£433bn) emergency package to stabilise the eurozone and stop the panic from the Greece crisis spreading further. It is made up of 440bn euro (£381bn) from eurozone members, and a 60bn euro (£52bn) top up of an existing EU budget fund for helping struggling economies. An additional 250bn euro package has also been offered by the International Monetary Fund. The monster bail-out came after 11 hours of talks... [more]

Dutch report calls for global ban on child labour

A Dutch report published ahead of a global conference on child labour in The Hague calls for a more comprehensive approach to eradicate the scourge. The report – compiled by the FNV Dutch union federation – is based on research in seven countries. According to the study, the current approach focuses on eradicating the worst excesses of child labour, such as child prostitution, child soldiers and other dangerous work. The FNV... [more]

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