International Organizations

George Soros: Eurozone Governments have about 3 months to save the Euro

June 4, 2012

“The European Union is “like a bubble” – not a financial bubble but a political bubble — that could pop as a result of the euro -zone crisis, Soros said.”

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Germany’s Opposition Leader: Chancellor Merkel must introduce a financial transaction tax to secure the center-left party’s support for the European Union’s fiscal treaty

June 3, 2012

“Merkel’s center-right government needs opposition parties to secure a two-thirds majority in Parliament for the ratification of the EU treaty enshrining fiscal discipline.”

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Russian President Putin hosting European Union Leaders to discuss, among other things, Russia’s policy towards Syria.

June 3, 2012

“Mr. Putin hosted a dinner Sunday in St. Petersburg for EU heads Herman Van Rompuy and Jose Manuel Barroso and foreign policy chief Catherine Ashton. The talks formally kick-off Monday.”

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The Euro declines versus the dollar, re-approaching a two-year low

June 3, 2012

“The euro slid 0.3 percent to $1.2393, moving closer to $1.2288, its lowest level since July 2010 hit on Friday. London markets were closed on Monday, leaving many players stuck on the sidelines and boosting volatility, investors said.”

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Greece ‘New Democracy Party’ Party Leader Alexis Tsipras vows to veto austerity plans

June 3, 2012

“In an hourlong news conference, he described a dozen measures he would take if elected, ranging from extending unemployment benefits to nationalizing banks and delaying payments to creditors.”

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Secretary of State Clinton: The Obama administration is pushing hard for passage of the Treaty of the Sea

June 3, 2012

“Territorial waters are governed by a Treaty of the Sea, to which all of the Arctic nations [Canada, Greenland, Norway, Russia] are a signatory except the United States.”

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British Air Force and NATO Special Forces freed 4 hostages from Taliban captors in northern Afghanistan

June 3, 2012

“They had been held for 11 days in a cave by a group who were armed with heavy machine guns, assault rifles and rocket-propelled grenades.”

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United Nations and Arab League envoy Kofi Annan warns that “the specter of all-out war in Syria grows by the day”

June 3, 2012

“Annan called on President Assad to take “bold and visible steps immediately” to implement his six-point cease-fire plan. But the former U.N. secretary-general admitted recent atrocities show the conflict is quickly spiraling out of control.”

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British Conservative Politician: Government drawing up plans for emergency immigration controls if the Euro collapses

June 2, 2012

“The introduction of immigration controls within the EU would undermine a key part of the single market. However, it is allowed in “exceptional” circumstances under European law.”

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Multilateral Iran talks end as a harsh lesson for the West

June 2, 2012

“But after often fraught bargaining in Baghdad, diplomats left declaring they had made no progress at all. “It’s been a difficult few days,” said a European diplomat.”

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Bank transfers out of and away from struggling Spanish Banks reflects broader economic fears

June 2, 2012

“It is only a trickle so far, and not nearly enough to constitute a classic bank run. But these growing transfers of deposits out of troubled Spanish banks reflect a broader fear that the country’s problems could make it hard for Spaniards to get to their money if banks fail and cannot be supported by the government.”

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European Union Leaders: America and Japan need to tackle their tax issues; China must relax restrictions on its currency the Yuan

June 2, 2012

“In a letter addressed to all 27 European Union nations, European Commission President Jose Manuel Barroso and European Council President Herman Van Rompuy said Europe was doing all it could.”

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House of Representatives examines a plan for the United Nations to regulate the Internet

June 2, 2012

“It’s an unpopular idea with lawmakers on both sides of the aisle in Congress, and officials with the Obama administration have also criticized it.”

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World Bank President Robert Zoellick: Europe is heading for the “danger zone”; European l

June 2, 2012

“Mr Zoellick said it was ‘far from clear that eurozone leaders have steeled themselves’ for the looming catastrophe amid fears of a Greek exit from the single currency and meltdown in Spain.”

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Top Italian Banker: The Euro is “on the edge of the abyss”

June 2, 2012

“A top Italian banker said on Friday that the European single currency was “on the edge of the abyss”, and indicated that national regulators were helping to cripple interbank lending across the euro zone by urging banks to lend domestically.”

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