Greece on brink of collapse: Bank Runs
(multimedia at bottom of article) Europe’s financial crisis lurched into a perilous new phase as dire predictions emerged of a collapse in Greece’s economy, with a run on its banks bringing an inevitable end...
Category: Europe
(UK) 500,000 to lose disability benefit
Half a million people are set to lose disability benefits as the Government pushes ahead with plans to rid the system of abuse and fraud, Iain Duncan Smith says. In an interview with The...
Europe struggles for climate lead
UN climate talks have opened in Germany, with the EU struggling to keep its position of a global leader. Small developing countries that linked up with the EU in a new coalition last year...
Banks prepare for the return of the drachma
(Reuters) – Banks are quietly readying themselves to start trading a new Greek currency. Some banks never erased the drachma from their systems afterGreece adopted the euro more than a decade ago and would be...
Medvedev wins PM seat as opposition occupies Moscow streets
(multimedia) Russia has a new Prime Minister – Dmitry Medvedev – who will now form a cabinet and get down to business. Newly-inaugurated President Putin is already dishing out directions regarding changes to the country’s...
Italian nuclear boss shot and wounded: Anarchist?
The head of an Italian nuclear energy company has been shot and wounded leaving his home in the northern Italian city of Genoa. Roberto Adinolfi, 53, was shot in the leg by a gunman...
Socialist Hollande Wins French Presidential Election
(multimedia) Socialist candidate François Hollande won Sunday’s French presidential runoff, giving the country its first Socialist president in almost two decades. France 24 reports. “According to Ipsos polling institute, the left-wing candidate took 51.9% of...
The Aggressive Tactics of the Greek Right Wing
Greek far-right parties could end up with as much as 20 percent of the vote in Sunday’s elections. The neo-Nazi Golden Dawn party has intensified the xenophobic atmosphere in the country. Those who confront them...
Russia threatens to strike NATO missile defense sites
Russia’s most senior military officer said Thursday that Moscow would preemptively strike and destroy U.S.-led NATO missile defense sites in Eastern Europe if talks with Washington about the developing system continue to stall. “A decision to...
Russia warns on missile defence deal with Nato and US
Russia says it is prepared to use “destructive force pre-emptively” if the US goes ahead with controversial plans for a missile defence system based in Central Europe. The warning came after the Russian defence...
