European leaders are scrambling to save Greece from a debt default that could cause global economic turmoil, but the Greeks themselves seem in denial. In a reaction that is causing frustration and anger abroad, the Greeks seem more inclined to blame others for their troubles than accepting that something is deeply wrong with their country
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Europe's beaches became more polluted with bacteria from the sewage of humans or livestock last year, the European Union's environmental watchdog said on Thursday. The European Environment Agency (EEA), which monitors 22,000 bathing sites, reported a 3.5% drop in the number of swimming areas meeting the basic standards for intestinal bacteria such as E.coli and
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Greek Prime Minister George Papandreou appointed current Defence Minister Evangelos Venizelos as his new finance minister and deputy prime minister in a reshuffle on Friday, the government spokesman said. Here are some key facts about Venizelos: — A prolific writer, Venizelos was a top constitutional expert before his political career took off, but relatively little
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Greek Prime Minister George Papandreou appointed Evangelos Venizelos as finance minister in a reshuffle on Friday, replacing George Papaconstantinou, the author of a painful IMF- and EU-mandated reform programme. Greek bank stocks surged as some analysts said it could re-establish political stability ahead of a vote of confidence and the passage of a fiscal consolidation
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By Shavasb Bohdjalian We all know well that a large component of the $4 trillion in daily forex trading volume is generated by forex fund managers, forex traders and forex speculators, each attempting to outsmart the other and rack up huge profits. By far, the bulk of the daily forex volume is generated by professional
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The IMF will release crucial loans to save Greece from default despite a likely delay by the European Union in agreeing a second bailout for the heavily indebted state, euro zone sources said on Thursday. The news came as Greek Prime Minister George Papandreou, beset by mass street protests and resignations from his ruling
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– Five children in hospital after eating beefburgers – German discount chain Lidl withdraws "Steaks Country" line – No link to German E.coli outbreak, health official says – Box of suspected infected beef came from Germany -supplier Five children admitted to hospital in northern France after eating beefburgers infected with a strain of E.coli bacteria
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A juror who contacted a defendant through the Facebook social networking website, causing a multi-million pound trial to collapse, was jailed for eight months on Thursday. Joanne Fraill, 40, admitted at London's High Court to using Facebook to exchange messages with Jamie Sewart, 34, a female defendant who had been acquitted in an ongoing drug
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Veteran militant Ayman al-Zawahri has taken command of al Qaeda after the killing of Osama bin Laden, an Islamist website said on Thursday, a move widely expected following his long years as second-in-command. Bin Laden's lieutenant and the brains behind much of al Qaeda's strategy, Zawahri vowed this month to press ahead with al Qaeda's
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A string of parliamentary resignations on Thursday threatened to thwart Greek Prime Minister George Papandreou's plan to reshuffle his cabinet and pass new austerity measures needed to save Greece from default. The political turmoil raised uncertainty over the Socialist cabinet's five-year plan for tax hikes, spending cuts and state property selloffs demanded by its bailout
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