The value of the euro compared to major peer currencies is already dropping as the financial effects of the Greek ‘No’ vote in Sunday’s referendum filter into the global market. With analysts predicting banks facing funding crises and individuals unable to take their money from ATMs, volatility is set to reign for some time.
The Economist Intelligence Unit has pinned its colours to the mast: The EIU forecast victory for the “No” camp as soon as the referendum was called. We are sticking to that call. — The EIU Europe (@TheEIU_Europe) July 5, 2015
In a televised address given Saturday, President Beji Caid Essebsi announced that Tunisia has declared a state of emergency, just over a week after 38 tourists, 30 of them British, were killed in an Islamist attack in the resort city of Sousse.
Frauke Petry was yesterday elected undisputed leader of Germany’s eurosceptic party, Alternative for Germany (AfD). Winning 68 per cent of the vote of 3,500 members present at the AfD extraordinary congress in Essen she replaces the AfD co-founder and frontman, economics professor Bernd Lucke, signalling
Greece’s referendum day is upon us. After five long months of bitter debate with creditors and one quick week of frantic campaigning, the Greeks are now voting. Up until the close of campaigning the left-wing government urged voters to reject the bailout deal that had
LONDON, United Kingdom – Taking the opportunity for some international travel, U.S. Supreme Court Justice Antonin Scalia has been apologising to legal and conservative audiences in London for America’s international export of judicial activism, warning against unchecked interventions of foreign
Side-effects of the euro crisis are spreading beyond Greek borders into Bulgaria, Romania and Macedonia. Once seen as their poverty-stricken northern neighbours, Greeks are now looking to Bulgaria for some relief. Euobserver reports that with Greek banks closed and the state in
In a sign that eurosceptic sentiment is spreading across the Continent, it has been announced that 261,159 Austrians beat the 1 July deadline to sign a petition supporting a referendum on whether Austria should leave the EU. This means the threshold of 100,000
On last night’s edition of BBC’s Question Time the Prime Minister was schooled in the proper way to react to Islamic State by the journalist and commentator, Douglas Murray. Murray flagged up the debate that arose earlier this week, calling
Sam Mansour, also known as ‘The Bookseller from Brønshøj’ and ‘al-Qaeda’s PR man in Denmark’, made history this week when he became the first ever Dane to have his citizenship revoked for criminality. The Eastern High Court sentenced him to
Greek Finance Minister, Yanis Varoufakis, earlier told Bloomberg TV “I prefer to cut my arm off” than sign up to a proposal that didn’t include restructuring his country’s debt. As luck would have it the International Monetary Fund (IMF) looks like it sympathises
A new poll commissioned by the Anti-Defamation League (ADL) shows anti-Semitism in France is in dramatic decline, also dropping in Germany and Belgium, but the news is not universally good. The same poll showed that more than half of all Muslims in Western Europe
As Norway’s exposure to home-grown jihadis grows, a 24-year-old Norwegian faces up to nine years in prison for “support for a terrorist organisation” having been accused of pledging allegiance to one or both of Islamic State (IS) and an Al-Qaeda affiliate in Syria. Some
Greece has failed to make the payment to the International Monetary Fund which was due at midnight Brussels time (11pm London, 6pm E.S.T.). If the IMF declares the non-payment a default then Greece becomes the first developed European country in 71
LONDON, United Kingdom, 7.30pm – The stakes are high as at time of writing a last minute deal between Athens and its creditors still appears impossible to reach. In the absence of a deal before midnight Washington time, the country will default on the €1.6
A report published by the Syrian Observatory for Human Rights on the first anniversary of the founding of Islamic State’s (IS) ‘caliphate’ highlights the execution of 3,027 people, 74 children among them. The radical Sunni Islamist group did not discriminate, putting to death civilians, rebels,
French Interior Minister Bernard Cazeneuve has announced the deportation of 40 foreign imams since 2012 for “preaching hatred”, a quarter since the terror attacks in Paris in January this year. Reinforcing the government’s commitment to clamping down on mosques and preachers inciting hatred,
The Israeli Counter-Terrorism Bureau (CTB), a wing of the Prime Minister’s National Security Council, was advising Israelis not to travel to Tunisia for months ahead of last week’s beach massacre. Questions are now being asked why the British Foreign Office did not issue
French media is reporting that Yassin Salhi, the driver who decapitated his boss before before ramming a truck into the American-owned Air Products factory in Saint-Quentin-Fallavier near Lyon, has confessed to the murder. French authorities are still calling it a terrorist attack, however
Liberal party leader, Lars Lokke Rasmussen was appointed Danish prime minister earlier today. Following the refusal of the Danish People’s Party and others to join his government, he only enjoys minority support in parliament and will have to rely on ‘vote by vote’ negotiations to pass laws.
According to official statistics last year the number of abortions carried out in Jersey, the largest of the Channel Islands, was the lowest since the procedure was legalised there 18 years ago. 163 abortions were carried out on the Island which is nearly half
French Prime Minister Manuel Valls has warned that France faces more terror attacks after Friday’s killing in which a suspected Islamist pinned the severed head of his 54-year-old boss on a gas factory’s gates. The latest killing came nearly six months after Islamist
UPDATE: European Central Bank confirms it will maintain emergency liquidity assistance to Greek banks. – The most dramatic day yet in Greece’s months long economic crisis saw a run on banks and the confirmation of next Sunday’s referendum on a bailout deal.
LONDON, United Kingdom – Former U.S. President Bill Clinton was in London yesterday evening to give the keynote address at the Conference On Inclusive Capitalism. The most interesting thing about his 40 minute speech – “What it’s All About – Actions for
After allegations of sabotage preventing its broadcast, Geert Wilders three minute film featuring a virtual museum of cartoons of Muhammad finally aired on Dutch television on Wednesday night. Now cartoons taken from the ‘Draw Muhammad’ competition recently hosted by Pamela Geller in Garland, Texas are being
