Tension is building in Brussels. As European government leaders like French President Nicolas Sarkozy are openly discussing the prospect of European disintegration, the European Commission is stepping up its efforts to keep Europe together. Literally.
The president of the Commission himself on Wednesday presented a plan to bring forward 50 billion euros in investments in infrastructure across Europe. Money to be used for new roads, railways, pipelines and digital connections.
Barrosoâs press conference immediately was followed by two other high-level Commission press conferences. Siim Kallas for Transport and Gunther Oettinger for Energy.
The Commissionâs barrage of âgood newsâ appeared to be an attempt to deflect attention away from the euro crisis and the looming default of Greece.
Journalists were asked to stick to the topic of the press conference but some still managed to squeeze in question on euro crisis, getting Barroso to say that Sundayâs EU summit will not be the end of all of the ...
IG Index http://www.financial-spread-betting.com/igindex/Igindex-review.html What do you think the European Union must do to come out of the debt crisis and to avoid market crises like this in the future? David Jones, Market Strategist at IG Index responds. I think the problem at the moment is that no one really knows. In the USA they have tried to spend their way out of trouble, in Europe they had the austerity cuts - neither has worked perfectly. The problem is that the crisis has always been a few steps ahead of politicians.
Antonete (Antonio Chenel Albadalejo) was born in Madrid on 24th June 1932. He took the alternativa on 8th March 1953 in Castellón de la Plana. He retired in 1977 but returned to the ring in 1987. In July 2000, after suffering cardio-respiratory crisis during a corrida in Burgos he finally decided to end his career as a torero.
Will Brussels see the same type of protests like those on Wall Street?
Several hundred young people from across Europe have walked to the European capital to protest austerity packages and ineffective political approaches to the euro crisis.
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Among them, these Spanish indignados that arrived in Brussels on Saturday. Indignados is Spanish for âthose who are indignant or outragedâ
They believe it is the current political and economic system that has left their country with a youth unemployment rate of 45%.
Their protest will culminate with a demonstration in front of the European Parliament on Saturday, when similar protests are scheduled for other capitals in Europe and elsewhere in the world.
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So far, the movement here is Brussels is struggling to echo the demonstrations that have taken place in New York, where thousands of people have ventured the streets to make their voices heard.Â
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But the indignados strongly believe that the global protest on the 15th of October will be a great success. Theyâre ...
IG Index http://www.financial-spread-betting.com/spreadbetting/IG-Index.html With the EU and IMF finally agreeing bailouts for the PIIGS countries, what is the focus now for the Euro? David Jones of IGIndex responds. I think as well have seen all the way through on this European sovereign debt crisis starting with Greece a year and a half ago they have yet to find a solution to tackle the enormous debt and problems facing the country.
For more Forex news & info, please visit http://www.ufxmarkets.com... Wall Street closed negative as the NASDAQ fell by 3.29% and the Dow Jones declined by 2.36% due to high concern over the Greek debt crisis. Crude oil fell by 2.68% - the lowest level in more than a year -- and closed at $76.20 a barrel. Gold (XAU) rose by 1.90%, closing at $1,661 an ounce.
Democracy NOW! DN! - My biggest fear was that the Obama presidency was was going to lead this generation of young people into political cynicism and political apathy says Klein. “But instead, they are going to where the power is. They are realizing the change is not coming in Washington because politicians are so controlled by corporate interest, and that that is the fundamental crisis in this country.” Published with written permission from democracynoworg. Provided to you under Democracy NOW! creative commons license. Democracy NOW!, is an independent non-profit user funded news media, recognized and broadcast world wide.
Interviewed at the May, 2004 2nd International Citizens' Inquiry into 9/11 in Toronto, 911truth.org executive director, W. David Kubiak speaks on corporate globalization, the financial crisis, corporatized education, grassroots awakenings, and the seeds of a transformative insurrection. - Part II
With the European markets getting hammered by the sovereign debt crisis, Nilus Mattive goes looking for bargains among the regionâs dividend stocks. He finds several big name companies that are still performing well and paying solid annual dividends.
As fears for the eurozone debt crisis reach fever pitch, Schrodersâ European economist Azad Zangana looks at whether Greece has gone far enough to stave off default and what lies ahead for the UK if the euro crumbles...
The "experts" warn that the European debt crisis could expand and bring down the rest of the world with it. But Tony Sagami says that a small handful of countries, including China, are poised to thrive and prosper no matter what happens in Europe.
The most inspired piece of Cold War satire ever and one of the screen's supreme black comedies, Kubrick's 1964 "Strangelove" confronted jittery audiences in the aftermath of the Cuban Missile Crisis, and not long after the advent of the H bomb.
For more Forex news & info, please visit http://www.ufxmarkets.com... The US Dollar declined against the major currencies amid optimism that European leaders are close to an agreement to contain the region's debt crisis, damping demand for a refuge currency.
Mike Larson says the European debt crisis has become absurd, because politicians and policymakers keep trying to contain a crisis that is uncontainable. He says a market collapse is inevitable, and advises investors on how to protect themselves.
Global stocks fall to close out a weak third quarter. Chinese manufacturing slows for a third straight month. The euro declines on renewed concerns about the sovereign debt crisis. Invesco and partners buy a loan portfolio from Bank of America.
Set in the near-futuristic 2060, "Heaven's Flower" combines mystery with a pure love story. Due to a botched experiment, Japan has become a barren land where flowers can't even bloom, resulting in a severe rationing crisis. While the country works towards rebuilding, "District 7" is one of the areas left behind in the process. The story unfolds in the neglected District 7. Despite Kawashima's typical innocent image from her previous works, here she takes on her first "villain" role as a cruel and emotionless assassin named Ai, part of a group known as "Last Garden." While faithfully carrying out her missions every day, she encounters the police detective Yuichiro Manaka (Araki), and she suddenly must deal with her newfound emotion of love. The ensuing story is a romantic mystery involving betrayal and the secret behind her birth
U.S. President Barack Obama said that the financial crisis in Europe is "scaring the world" and that leaders in the euro zone are not dealing with it quickly enough.
Global stocks continue to rally, on optimism that euro-zone officials will take decisive steps to tackle the sovereign debt crisis. Bank stocks surge. Gold and oil prices rebound as the dollar loses ground to the euro. Walgreen tops profit estimates.
Democracy NOW! DN! - An explosive new book that draws a searing portrait of the Obama administration’s failings, and early management of the economic crisis, has been met with sharp objections from officials within and outside of the White House. We speak with veteran journalist Ron Suskind, author of Confidence Men: Wall Street, Washington, and the Education of a President. Published with written permission from democracynoworg. Provided to you under Democracy NOW! creative commons license. Democracy NOW!, is an independent non-profit user funded news media, recognized and broadcast world wide.
The stock market rout continues, despite the G-20âs pledge to work together to end Europeâs sovereign debt crisis. The dollar continues to rally, while commodities fall further. Hewlett-Packard fires CEO Leo Apotheker, replacing him with Meg Whitman.
With the European sovereign debt crisis entering a more ominous phase, Ron Rowland offers three tips to ETF investors: The euro currency is at a crossroads, no European stock market is safe, and inverse and leveraged ETFs may not work like you think.
The Fed may buy longer-term Treasuries to boost the economy. European stocks sag amid a lack of progress on Greece. The IMF says Europeâs banks could take a $410 billion hit from the sovereign debt crisis. Oracle and Adobe lead tech stocks higher.
Jack Crooks sees many similarities between the credit crisis of 2008, and the European sovereign debt crisis we face now. He examines emerging market and euro-zone bank credit default swaps and currency market indicators to highlight the parallels.
Brussels wants a bigger say in decisions on border checks inside the European Union, especially at times of crisis.
Cecilia Malmstrom, Europeâs home affairs commissioner, said a more European and less national approach is needed when it comes to guaranteeing freedom of movement.
"The aim of this proposal is to guarantee a more consistent, a more transparent and a more efficient border control area. We want a better Schengen, then we want to shift to a truly European System; the only one able to strengthen and safeguard the citizen's rights to free movement within the Schengen area, one of the most cherished achievement by the EU", Malmstrom said.
Malmstrom is defending the passport-free travel zone in Europe as a âfantastic projectâ. More than 400 million people from 25 European countries enjoy passport-free travel across the area.
The EU estimates that this Schengen zone represents a 40 billion euro boost to the European economy.
But not everybody is enthusiastic. France, Italy and Spain, and ...
The recent swings in the markets are pretty much unprecedented. But they encapsulate everything Larry Edelson has been warning about: The European sovereign debt crisis, the U.S. debt crisis, and the surprising moves in gold, the dollar and silver.
The indicators that Mike Larson watches â including the Euribor-OIS spread and the spread on 2-year interest rate swaps â are pointing to a repeat of the collapse of 2007-2009. He tells you how to protect yourself and profit during the coming crisis.
Stocks are rising as euro-zone finance ministers meet in Poland to address the sovereign debt crisis. Geithner urges cooperation and the expansion of the EFSF rescue program. Goldman Sachs takes a defensive stance. RIM tumbles after weak earnings.
Speaking before the European Parliament in Strasbourg on Wednesday, Joseph Daul, a French MEP who leads the European Parliament's largest political group, the centre-right European People's Party (EPP), echoed Barroso's calls for a "Community" approach. "This European crisis requires a European and not just a national response," he said.
"Ladies and gentlemen, the moment has come for states in the euro zone and for all other states of the EU who want to join to make a major statement by adopting together and simultaneously measures sufficiently powerful to a assuage doubts about the EU's ability to face up to its responsibilities," Daul added.Â
Stocks back off earlier gains after readings of August retail sales and wholesale prices came in flat. Europe rebounds on optimism about euro-zone bonds and the Greek debt crisis, following Moodyâs downgrades of Societe Generale and Credit Agricole.
http://www.euractiv.com/future-eu/eu-leaders-shelter-berlusconi-prosecution-news-507592
Is he saving the country or running away? Silvio Berlusconi, Italyâs Prime Minister, paid a surprised visit to Brussels and Strasbourg on Tuesday while he was due to meet with prosecutors in Italy.
Instead, Mr. Berlusconi met with European Council president Herman Van Rompuy on Tuesday morning and travelled to Strasbourg in the afternoon to meet up with the European Commission president, Jose Manuel Barroso. Oficially, the Italian Primer MInister intended to discuss during this prompted visit the developing crisis in the eurozone. But in Italy, the opposition says that Berlusconi arranged this trip himself so that he could avoid speaking to investigators.
Prosecutors in Naples have been wanting to question Mr. Berlusconi over payments of several hundred euros to 3 people in order to keep them silent regarding escorts invited to parties he hosted at his official residences.
As Berlusconi, both Van Rompuy and ...
IMF experts, including CHIPPING AWAY AT PUBLIC DEBT author Paulo Mauro, examine the current debt crisis in advanced economies and the success of fiscal measures to reverse prior debt crises.
Europe may be near its breaking point. The Greek bailout plan is facing serious opposition from Finland and bond investors, and the Eurobond idea is dead on arrival. Mike Larson offers advice for protecting yourself from the coming liquidity crisis.
The European Parliament on Monday expressed broad support and full confidence in the way that the European Central Bank is handling what clearly is the worst financial crisis since the second World War.
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Addressing a packed committee-room in Brussels, ECB chief Jean-Claude Trichet said that the ECB, together with national central banks, has spent more than 115 billion euro since the crisis began. This money was spent on  distressed bonds from countries like Greece and Portugal in order to support the market.
"The security market programmes strictly aims at correcting mal functioning of markets. The prohibition of monetary financing underlines precisely the fact that budgetary discipline is of the utmost importanceâ, Trichet said.
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Responding to concerns about a possible lack of liquidity in the Eurozone, Trichet said that this simply was not a possibility because of the immense volumes of money that circulates in Europe.
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Trichet said that buying troubled bonds in the open market does not clash ...
Europeâs foreign policy chief Catherine Ashton on Tuesday chaired a crisis meeting in Brussels to coordinate the European response to the crisis in Libya.
The European Union wants to make sure they are âready to respond in the way the Libyan people want and with the UN leadershipâ, but also recognizing âthe particular contributions of the EUâ, Ashton said.
So far, the EU has assisted Libya during the civil war with 300 million euro in humanitarian aid. In May, Ashton travelled to Libya to open a diplomatic office in Bengazhi and to formally recognize the rebelâs national Transitional council.
Ashton said she had been informed that Libyan rebels now hold 80 percent of the capital Tripoli.
The EU High representative reiterated its call on Gaddafi to ârecognize the will of his people and stand asideâ.
International efforts to fight the famine in Somalia are in trouble now that Islamist groups in the country continue to deny access to aid workers.
Only the Norwegian Refugee Council, the Red Cross and Islamic Relief are not banned from working inside Somalia.
It means the European Union has the rely on these organisations to provide aid inside Somalia, and on camps like this one in Doolow, near the borders with Kenya and Ethiopia in areas that that are not controlled by Al Shabab.
Kristalina Georgieva, EU Commisisoner for Humanitarian Aid and Crisis Response: "We can get aid into the famine zones and we also can make it possible for many more places in Somalia to be provided with food, water, medical support. So IDPs do not have to cross all the way into Ethiopia or in Kenya, creating a bigger refugee problem for the future."
Somalia's Al-Shabab islamist movement has said that the famine that has been declared by the United Nations was a 'politically motivated lie'.
Al-Shabab has banned 16 aid ...
In this special video report for Prison Planet.tv members, Alex is joined by Sheriff Richard Mack to discuss the Operation Fast and Furious cover-up and how it fits into the Obama administration's stealth attack on the second amendment, as well as moves to federalize U.S. police and put military assets on the streets of America. Crisis In the first half of the show, Alex talks to Health Ranger Mike Adams about the recent announcement of a huge secret cloning program, attempts to take over the food supply via GMO, and the increasing number of SWAT raids on family farms and producers of natural foods.
As eurozone heads of state prepare for a summit on Thursday (21 July) to put together a second bailout package for debt-laden Greece, German Chancellor Angela Merkel said she wanted clear commitments from private investors that they would contribute to further funding.
http://www.euractiv.com/en/future-eu/merkel-draws-red-lines-ahead-eurozone-su...
Late on Friday (15 July), the services of European Council President Herman van Rompuy issued a short statement announcing that a summit of the euro zone would be held on 21 July in Brussels.
Starting at midday, the summit agenda "will be the financial stability of the euro area as a whole and the future financing of the Greek programme".
21 July is Belgium's National Day, and the local press predicts that Brussels police will be severely tested by having to handle in parallel two events of such magnitude.
The announcement went some way to defuse uncertainty over the EU's readiness to act to prevent contagion from the Greek crisis from spreading to Italy ...
Raw video. Source: EU. From EurActiv.com: Germany and France have reached a common position on a second bailout of Greece in their effort to prevent the country's debt crisis from spreading through Europe, officials said on Thursday (21 July). The accord came after seven hours of talks late into Wednesday night between German Chancellor Angela Merkel and French President Nicolas Sarkozy in Berlin, sources in both governments said.
Details of the common position were not revealed. European Central Bank President Jean-Claude Trichet joined Merkel and Sarkozy for part of their talks.
The accord between the two most powerful states in the euro zone will now be presented to a crisis summit in Brussels on Thursday of all 17 leaders of the bloc, who are trying to prevent fears of a Greek debt default from poisoning access to the bond market for bigger states such as Italy and Spain.
The new bailout would supplement a â¬110 billion rescue plan for Greece launched in May last year. It is expected to include ...
Europeâs foreign policy chief Catherine Ashton on Tuesday chaired a crisis meeting in Brussels to coordinate the European response to the crisis in Libya.
The European Union wants to make sure they are âready to respond in the way the Libyan people want and with the UN leadershipâ, but also recognizing âthe particular contributions of the EUâ, Ashton said.
So far, the EU has assisted Libya during the civil war with 300 million euro in humanitarian aid. In May, Ashton travelled to Libya to open a diplomatic office in Bengazhi and to formally recognize the rebelâs national Transitional council.
Ashton said she had been informed that Libyan rebels now hold 80 percent of the capital Tripoli.
The EU High representative reiterated its call on Gaddafi to ârecognize the will of his people and stand asideâ.
Europeâs foreign policy chief Catherine Ashton on Tuesday chaired a crisis meeting in Brussels to coordinate the European response to the crisis in Libya.
The European Union wants to make sure they are âready to respond in the way the Libyan people want and with the UN leadershipâ, but also recognizing âthe particular contributions of the EUâ, Ashton said.
So far, the EU has assisted Libya during the civil war with 300 million euro in humanitarian aid. In May, Ashton travelled to Libya to open a diplomatic office in Bengazhi and to formally recognize the rebelâs national Transitional council.
Ashton said she had been informed that Libyan rebels now hold 80 percent of the capital Tripoli.
The EU High representative reiterated its call on Gaddafi to ârecognize the will of his people and stand asideâ.
Germany and France have reached a common position on a second bailout of Greece in their effort to prevent the country's debt crisis from spreading through Europe, officials said on Thursday (21 July). The accord came after seven hours of talks late into Wednesday night between German Chancellor Angela Merkel and French President Nicolas Sarkozy in Berlin, sources in both governments said.
Details of the common position were not revealed. European Central Bank President Jean-Claude Trichet joined Merkel and Sarkozy for part of their talks.
The accord between the two most powerful states in the euro zone will now be presented to a crisis summit in Brussels on Thursday of all 17 leaders of the bloc, who are trying to prevent fears of a Greek debt default from poisoning access to the bond market for bigger states such as Italy and Spain.
The new bailout would supplement a â¬110 billion rescue plan for Greece launched in May last year. It is expected to include fresh emergency loans to Athens from euro ...
While a Belgian police helicopter hovers overhead, German Chancellor Angela Merkel delivers a statement to the media before the July 2011 Eurozone summit in Brussels.
Video source: EU
EurActiv.com reports: Germany and France have reached a common position on a second bailout of Greece in their effort to prevent the country's debt crisis from spreading through Europe, officials said on Thursday (21 July). The accord came after seven hours of talks late into Wednesday night between German Chancellor Angela Merkel and French President Nicolas Sarkozy in Berlin, sources in both governments said.
Details of the common position were not revealed. European Central Bank President Jean-Claude Trichet joined Merkel and Sarkozy for part of their talks.
The accord between the two most powerful states in the euro zone will now be presented to a crisis summit in Brussels on Thursday of all 17 leaders of the bloc, who are trying to prevent fears of a Greek debt default from poisoning access to the bond market for ...
Raw video. Source: EU. From EurActiv.com: Germany and France have reached a common position on a second bailout of Greece in their effort to prevent the country's debt crisis from spreading through Europe, officials said on Thursday (21 July). The accord came after seven hours of talks late into Wednesday night between German Chancellor Angela Merkel and French President Nicolas Sarkozy in Berlin, sources in both governments said.
Details of the common position were not revealed. European Central Bank President Jean-Claude Trichet joined Merkel and Sarkozy for part of their talks.
The accord between the two most powerful states in the euro zone will now be presented to a crisis summit in Brussels on Thursday of all 17 leaders of the bloc, who are trying to prevent fears of a Greek debt default from poisoning access to the bond market for bigger states such as Italy and Spain.
The new bailout would supplement a â¬110 billion rescue plan for Greece launched in May last year. It is expected to include ...
This man is the center of attention at the July crisis meeting here in Brussels as the leaders of the 17 eurozone countries try to hammer out a deal to save Greece from total financial collapse.
His name is Josef Ackermann. He is chief executive of one of Europe's biggest banks, Deutsche Bank. And, he is chairman of the International Institute of Finance, an international bank lobbying group set up to deal with international debt crisis.
It's not the first time that this Swiss-born banker visits the European Council. This footage is from November last year, when he was invited to address finance ministers.
Unlike previous summits, officials did not make available the institutional video footage of the actual meeting of EU leaders. That footage, like this from a previous meeting, usually shows EU leaders meeting informally before they start their actual talks.
In this case however, it's clear that likes of Angela Merkel, Herman van Rompuy and Nicolas Sarkozy did not want to be seen taking direct ...