(AP) FRANKFURT, GermanyInvestors are paying for the privilege to lend Germany money as they look for a haven from the financial and economic crisis hitting the rest of Europe. Germany auctioned (EURO)5 billion ($6.14 billion) in two-year treasury notes Wednesday with
JERUSALEM, July 11 (UPI) — Presumptive U.S. Republican presidential nominee Mitt Romney is planning a $60,000-a-plate fundraiser in Jerusalem, a source told The Jerusalem Post. The Post said in an exclusive report attendees would fly in from the United States
(AP) Slovakia: no more patience for European bailoutsBERLINSlovakia’s prime minister says people in his country have run out of patience with European rescue measures and more aid can only be offered if troubled eurozone nations get their finances in order.
Unemployment across Europe is getting worse, not better. Eurostat, the EU’s statistics office, stated that unemployment in the areas of the Eurozone rose to 11.1% in May, up from 11% in April. This was the highest unemployment number recorded in
As I wrote on June 19, the Eurozone is a wreck, and Greece, which has since announced it will leave the EU on January 1, 2013, can’t even afford to pay attention. Spain is in trouble, Italy is swimming in
This morning’s key headlines from GenerationalDynamics.com. Germany and Angela Merkel cave in to Italy and Spain Germany’s Parliament approves the growth/fiscal pact China blocks Bloomberg web site over story on Xi Jinping’s vast wealth Top London banker Geraint Anderson describes
The summit that began this morning in Brussels for the 27 members of the European Union is the 19th since the Greek crisis began two and a half years ago. While the meeting is for the entire EU, the focus
The federal budget situation has never been more dire; either Washington does its job, or the defense budget is slashed. The defense budget has already seen nearly $500 billion in cuts, and will see another $500 billion lost if the
Greece’s new finance minister, Vassilis Rapanos, resigned on Monday due to health problems, according to Reuters. Its new Prime Minister, Antonis Samaras, who just took office last Wednesday, is recovering from eye surgery and will miss the European Summit that
(AP) US futures head lower, Spain seeks help for banksNEW YORKU.S. stock futures slid Monday, as did global markets, with Spain requesting help for its teetering banks. Dow Jones industrial average futures tumbled 100 points to 12,468. Standard & Poor’s
(AP) Greek outlines issues it wants renegotiatedBy ELENA BECATOROSAssociated PressATHENS, GreeceGreece’s new coalition government said Saturday it will seek to repeal some taxes, halt layoffs and extend by two years the deadlines for tough austerity measures imposed under its international
By CHRIS LEHOURITESAP Sports WriterGDANSK, PolandGermany scored three second-half goals to reach the European Championship semifinals for a record seventh time Friday after a 4-2 win over Greece. Philipp Lahm gave Germany the lead in the 39th minute before Georgios
(AP) World stocks fall amid US jobs, housing gloomBy PAMELA SAMPSONAP Business WriterBANGKOKWorld stock markets fell Friday as gloomy economic reports from the world’s two biggest economies heightened fears of a sharper global downturn. In Europe, leaders were set to
Leaders of the eurozone’s four biggest economies gather in Rome Friday to thrash out ideas to tackle the debt crisis, with calls for the bloc’s bailout fund to intervene on bond markets set to top the agenda. The talks, which
By CHARMAINE NORONHAAssociated PressTORONTORadiohead has postponed part of its European tour after a stage collapse in Toronto killed the band’s drum technician. A statement posted on the British band’s website Thursday says they are dealing with grief from the accident
By NICHOLAS PAPHITIS and ELENA BECATOROSAssociated PressATHENS, GreeceGreek conservative party head Antonis Samaras was sworn in as prime minister Wednesday at the helm of a three-party coalition that will uphold the country’s international bailout commitments. The move ends a protracted
The current financial situation in the Eurozone is ugly, and the state of finance in Greece remains even uglier. Spain needs a bailout, Italy needs a bailout, and Greece by itself owes “161 billion” Euros to other governments in the
According to Germany’s newspaper Frankfurter Allgemeine Sonntagszeitun, Iran’s President Mahmoud Ahmadinejad will step down when his second term ends and will not pull a Vladimir Putin, returning to power later. When asked why he was leaving, Ahmadinejad was quoted as
On his campaign plane today, Gov. Mitt Romney said he was reading “The Next 100 Years” by George Friedman. In the book, Friedman predicts that Russia will ally with Germany and a new cold war will begin with America. Friedman
By PHIL COUVRETTE and ROB GILLIESAssociated PressMIRABEL, QuebecA Canadian porn actor suspected in the dismemberment of a Chinese student arrived in Canada on Monday via military transport from Germany, where he was arrested this month. Luka Magnotta did not fight
By DAVID McHUGH, NICHOLAS PAPHITIS and COLLEEN BARRYAssociated PressATHENS, GreeceIn Europe’s most economically stricken countries, people are taking their money out of their banks as a way to protect their savings from the growing financial storm. Worried that their savings
This morning’s key headlines from GenerationalDynamics.com. Russia deploying troops for foreign combat Russian map makes Finnish jaws drop A wild election weekend for Egypt, France and Greece Egypt in political chaos after shocking court verdict dissolves Parliament Spain unravels in
By JUERGEN BAETZAssociated PressBERLINGerman Chancellor Angela Merkel and the country’s opposition leaders failed to reach an agreement on a European growth initiative in a new round of talks Wednesday, according to participants. Merkel and top opposition lawmakers held talks at
(AP) Spain calls for European integration to save euroBy ALAN CLENDENNING and HAROLD HECKLEAssociated PressMADRIDSpain’s Prime Minister Mariano Rajoy went on the offensive in parliament Wednesday, calling for greater European fiscal and banking integration in a battle to save the
Russian Foreign Minister Sergei Lavrov flew into Iran on Wednesday for a brief visit to discuss upcoming international talks over Tehran’s disputed nuclear programme. The trip preceded a new round of negotiations between Iran and the major powers that is
