International Organizations

France & Germany want Greek bailout funds earmarked for repayment

February 7, 2012

“France and Germany on Monday sought to impose tighter controls on Greece’s finances and warned political leaders in Athens to agree on new austerity measures soon if they didn’t want to see their country go bankrupt. President Nicolas Sarkozy of France and German Chancellor Angela Merkel said Greek leaders need to push through reforms in order to obtain new funds in a second planned bailout worth €130 billion ($171 billion).”

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Iran ready to impose an oil embargo against Europe

February 7, 2012

“Iran’s parliament said on Tuesday it was ready to impose a ban on oil exports to some European states, the country’s English-language Press TV reported. “In retaliation to the Zionist (Israel)-backed measure of the European countries to ban Iran oil, we are ready to impose a ban on oil exports to some European countries,” lawmaker Mohammad Javad Karimi-Qoddusi said.”

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France and Germany seeking to impose tighter controls on Greece’s finances

February 6, 2012

“France and Germany on Monday sought to impose tighter controls on Greece’s finances and warned political leaders in Athens to agree on new austerity measures soon if they didn’t want to see their country go bankrupt. President Nicolas Sarkozy of France and German Chancellor Angela Merkel said Greek leaders need to push through reforms in order to obtain new funds in a second planned bailout worth euro130 billion ($171 billion).”

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European Banks already “slipping through” new capital requirements

February 6, 2012

“In his first interview with an international newspaper since becoming head of Credit Agricole’s corporate and investment banking arm, Jean-Yves Hocher tells the Financial Times that the third-largest bank in France has found a way to continue to pursue project and trade finance deals, despite unfavorable capital treatment under the Basel III rules.”

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Greece takes step closer to defaulting on its debt

February 6, 2012

“Lucas Papademos, the Greek premier, failed to make party leaders accept harsh terms in return for a second €130bn bail-out, pushing Athens closer to a disorderly default as early as next month. Greek television reported that Mr Papademos has set a deadline of midday on Monday for the three leaders to let him know whether they agree in principle with the proposed austerity measures, before he meets them again later in the day.”

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Greek Prime Minister Papademos reaches agreement on the measures demanded by international creditors to release a 130 billion Euro Financial Bail Out Package

February 5, 2012

“With the country’s stability at stake, Papademos is racing to clinch agreement on a plan that’s been in the works since July, with talks between international monitors and Greek officials running in parallel with discussions among the prime minister’s coalition members and Greece’s government and its private creditors.”

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U.S. proposes an international coalition to support the Syrian opposition following China and Russia’s veto of the United Nations Resolution on Syria

February 5, 2012

“The United States proposed an international coalition to support Syria’s opposition Sunday after Russia and China blocked a U.N. attempt to end nearly 11 months of bloodshed, raising fears that violence will escalate. Rebel soldiers said force was now the only way to oust President Bashar Assad, while the regime vowed to press its military crackdown.”

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Egypt refers 43 NGO workers, including 19 Americans, to trial before a criminal court for allegedly using illegal foreign funds to foment unrest

February 5, 2012

“The decision marked a sharp escalation of the dispute between Cairo and Washington over Egypt‘s crackdown on U.S.-funded groups promoting democracy and human rights. The two countries have been close allies for more than three decades, but the campaign against the organizations has angered Washington and jeopardized the $1.5 billion in aid Egypt is set to receive from the U.S. this year.”

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China considers offering funds to the European Union and the International Monetary Fund to help with Europe’s debt crisis

February 4, 2012

“Prime Minister Wen Jiabao said Thursday that China would consider working with the International Monetary Fundto help shore up Europe’s finances. Mr. Wen’s comments came at a Beijing news conference after he met with Chancellor Angela Merkel of Germany on the first day of her three-day visit to China.”

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NATO: Missile Shield plans proceed despite Russia’s objections

February 4, 2012

“NATO leaders on Saturday downplayed Moscow’s fears that a new Europe-based missile defense system represents a threat to Russia, while vowing to move ahead with it, even if those concerns cannot be fully addressed. NATO Secretary General Anders Fogh Rasmussen told The Associated Press that the alliance expects to have first elements of the defense system up and running by its summit in Chicago in May.”

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Rains end the famine in Somalia but millions of people remain at risk due to conflict and food scarcity

February 4, 2012

“This week, the United Nations declared an official end to the famine in southern Somalia. Recent rains, an improved harvest and a major humanitarian aid effort during the past six months helped reduce the threat of starvation. But the new head of the U.N. Food and Agriculture Organization says millions of people are still at risk. Director-General Jose Graziano da Silva says conditions could again worsen unless the aid continues during the next one hundred days.”

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Cost concerns force NATO to consider setting up a smaller Afghan security force

February 4, 2012

“While recognizing it will be many years before Afghanistan is able to pay for its own security, NATO states are keen to avoid recurring costs of such magnitude after 2014, so have been considering options for a much smaller future force. NATO diplomats said U.S. Defense Secretary Leon Panetta had suggested a long-term target size for the police and army of 227,000.”

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West: United Nations nuclear inspectors’ visit to Iran a failure

February 4, 2012

“American and European officials said Friday that a mission by international nuclear inspectors to Tehran this week had failed to address their key concerns, indicating that Iran’s leaders believe they can resist pressure to open up the nation’s nuclear program. The assessment came as Iran’s supreme leader lashed out at the United States, vowing to retaliate against oil sanctions and threats of military action and warning that any attack “would be 10 times worse for the interests of the United States”.”

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U.S. Secretary of State Hillary Clinton and Russian Foreign Minister Sergey Lavrov square off with opposing speeches on Syria given on Saturday

February 4, 2012

“Secretary of State Hillary Clinton and Russian Foreign Minister Sergey Lavrov gave opposing public speeches Saturday on what should be done in Syria, and then took their dispute behind closed doors in a heated bilateral meeting, in advance of Saturday’s U.N. Security Council action.”

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Libyan Militia accused of torturing a former Libyan ambassador to France to death

February 4, 2012

“Human Rights Watch said that Omar Brebesh, a career diplomat who was cultural attache and then ambassador to France between 2004 to 2008, was brought in for routine questioning in Tripoli over his work for the former regime.”

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