Romanian president slams Netherlands again

Romanian President Traian Basescu has once again fiercely criticised the Netherlands. At a conference celebrating the fifth anniversary of Romania’s accession to the European Union, he accused the Dutch government of “abuse” and claimed it was blocking Romanian and Bulgarian membership of the passport-free Schengen Zone on false pretences. He repeated an earlier accusation that the Dutch government is being held to ransom by Geert... [more]

China may invest more in EU debt fund

China is considering how to get “more deeply involved” in resolving Europe’s debt crisis by co-operating more closely with European rescue funds, Wen Jiabao, Chinese premier, said on Thursday. China “is investigating and evaluating concrete ways in which it can, via the IMF, get more deeply involved in solving the European debt problem through [European Stability Mechanism/European Financial Stability Facility] channels,”... [more]

Australia’s Gillard faces new leadership discontent

Growing speculation that Australian Prime Minister Julia Gillard could be dumped by her party before the end of the year forced senior ministers to rally behind her Friday after a disastrous start to 2012. Defence Minister Stephen Smith joined a string of cabinet ministers to offer support for Gillard despite media suggestions that she could face a leadership challenge this year from Foreign Minister Kevin Rudd, who she replaced in June... [more]

Duke of Cambridge begins Falklands posting

The Duke of Cambridge is beginning his six-week posting in the Falklands amid heightened tensions between Britain and Argentina over the disputed islands. William arrived in the archipelago on Thursday ahead of a tour of duty as an RAF search and rescue pilot. The Ministry of Defence (MoD) said the posting was part of a “routine operational deployment”, despite Argentina likening it to that of a “conqueror”. Tensions... [more]

Germany’s Merkel holds talks with China’s president

German Chancellor Angela Merkel met China’s president on Friday as she seeks to lift Beijing’s confidence in Europe where the sovereign debt crisis threatens to tip the region into recession. China, the world’s second-biggest economy, has watched with increasing concern as eurozone economies have deteriorated, and has repeatedly urged European leaders to get a grip on the situation. Merkel’s meeting with President... [more]

Germany’s Merkel in China for eurozone talks

German Chancellor Angela Merkel arrived in China on Thursday for a three-day visit that will focus on the eurozone crisis, Iran, and Syria. Her trip comes just days after China was hit by deadly unrest in Tibetan-inhabited areas, and the leader of Europe’s biggest economy will also broach the issue of human rights with her Chinese counterparts. Germany and China, the world’s top two exporters, enjoy vibrant trade relations and... [more]

Jobs and growth are the answer to the crisis, says prime minister of Holland

Europe needs to become more competitive and create more jobs in order to ensure its future prosperity, Dutch prime minister Mark Rutte said after Monday night’s informal EU summit on the eurozone debt crisis. ‘There are currently 23 million people in the EU without work and in the long term, that is not sustainable,’ Rutte said. ‘The internal market can be an important motor for growth, but only 40% of the EU economy... [more]

French banks should come to Britain: Cameron

British Prime Minister David Cameron took a fresh dig at cross-channel rival France Monday, warning that French banks would flee to Britain if Paris introduces a financial transactions tax. In comments aimed squarely at Nicolas Sarkozy after the French president reportedly criticised British industry, Cameron said the concept of the tax at a time of economic difficulty was “mad” and “extraordinary”. “I know... [more]

Assange win would have ‘profound’ effects

WikiLeaks founder Julian Assange’s two-day hearing at England’s Supreme Court gets underway Wednesday, in the latest stage of his lengthy battle against extradition to Sweden to face rape allegations. If the court rejects his case, the 40-year-old Australian will have exhausted all his options in Britain but he could still make a last-ditch appeal to the European Court of Human Rights, prosecutors have said. The Supreme Court,... [more]

Merkel pushes through EU fiscal pact

Chancellor Angela Merkel and other EU leaders attempted to solve Europe’s debt crisis on Monday evening with a German-driven treaty meant to end deficits. But the announcement that that 25 of 27 European Union nations had adopted the new pact on budgetary discipline was overshadowed by outrage over a German suggestion heavily indebted Greece submit its finances to EU review. The idea of placing the cradle of European democracy under the... [more]

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