Insolvent Greece is at the center of the European Financial Crisis that has led to a 20 percent devaluation of the exchange rate of the euro against the U.S. dollar. Polls indicate that in parliamentary elections on Sunday, the main leftist and center-right parties will finish one and two.
Miss Lebanon may lose her title over selfie with Miss Israel; Lebanon on edge after Israeli air strike kills Hezbollah commanders; Europe, under intense financial pressure, expected to start quantitative easing
Fox News apologizes for misreporting on ‘no-go zones’ in Europe; Swiss franc revaluation panics East European currency markets; Troops and police spread across Europe, in fear of terror attacks; Thousands in Muslim countries protest cartoon depiction of Mohammed; Barack Obama describes an American advantage over Europe
In a move that some are describing as purely symbolic, the International Criminal Court (ICC) has opened a preliminary investigation into war crimes committed by Israel during the summer 2014 Gaza war.
It’s far from certain, but the impending Greek crisis rerun during the next month poses a real threat that Greece might have to leave the eurozone and start printing drachmas again, with the result that bankers and politicians are drawing up contingency plans in case it happens.
In his weekly investors newsletter, investment guru John P. Hussman says that he’s in the camp that believes that “the likelihood of a market loss on the order of 40%, 50% or even 60% in the next few years is quite high.”
Germany’s Chancellor Angela Merkel has reportedly said that she’s prepared to support Greece leaving the eurozone, and returning its original drachma currency, if Greece abandons the austerity commitments it made in return for the 240 billion euro bailout that has already been paid.
For the first time, Cameroon’s air force conducted air strikes in support of the army against Boko Haram positions in northern Cameroon, forcing the terrorists to retreat.
One man died trying to escape a burning ferry in the Adriatic Sea on Sunday afternoon, and hundreds more were awaiting rescue as night fell on the beleaguered vessel.
