Eurozone finance ministers talk while attending a Eurogroup meeting at the European Union council headquarters, Brussels, February 20, 2012. Eurozone finance ministers have agreed to provide Greece with a new bailout package to help the heavily indebted country stabilize its debt-to-GDP ratio and avert looming bankruptcy. The long-awaited package worth 130 billion euros was sealed in Brussels on Tuesday... 

President of the Somali Red Crescent Society has expressed gratitude to Iran for Tehran’s significant contribution of humanitarian aid to the famine-stricken African nation, Press TV reports. “[We are here] to express our appreciation and thanks to the Iranian Red Crescent for the assistance they have provided for the Somali people,” Ahmad Mohammad Hassan told Press TV after a meeting with... 

Israel's Iron Dome system The Unites States will give an additional USD 235 million to Israel for the development of its rocket and missile systems at a time that Americans are experiencing dire economic situation. According to Israeli media, a large part of the money is scheduled to be spent for the development of the David’s Sling system, which is designed to intercept medium- to long-range... 

A picture taken on December 13, 2011 shows a Romanian officer of the EULEX mission in Kosovo standing guard in front of a truck carring Russian aid at the border crossing of Jarinje between Serbia and northern Kosovo Russian diplomats have announced that EU officials continue to block a Russian aid convoy on the Serbia-Kosovo border and insist the issue must be solved at a senior political level. Russian... 

Humiliating phone call: It has been revealed that Nicolas Sarkozy contacted Chinese leader Hu Jintao to ask for investment and backing of the European fund. Further embarrassment as one trillion euro bailout fund announced yesterday does not really exist. Europe is holding out the begging bowl to China in an effort to keep the rescue package for the single currency alive. In a clear sign of how the... 

European banks agreed early on Thursday to write off 50 per cent of Greek debt. The deal was reached during an emergency summit in Brussels overnight. The EU and the IMF will also give the country another one hundred billion euros in rescue loans. An agreement on expanding the bailout fund to one trillion euros followed immense pressure on EU leaders after multiple delays in anti-crisis action. Athens... 

US Senator Jim Webb China is one of the biggest economies in the world and grew at more than 9 percent over the last year. It also has loaned more than $1 trillion to the U.S. to fund its deficit-spending. But at the same time, the U.S. sends foreign aid to China, which lawmakers of all stripes say is just plain nuts. “Why in the world would we be borrowing money and then turn around and giving... 

This story from Bloomberg just hit the wires this morning. Bank of America is shifting derivatives in its Merrill investment banking unit to its depository arm, which has access to the Fed discount window and is protected by the FDIC. This means that the investment bank’s European derivatives exposure is now backstopped by U.S. taxpayers. Bank of America didn’t get regulatory approval... 

Lithuania's Foreign Minister Audronius Azubalis Lithuania’s top diplomat urged Moscow on Tuesday to start considering the issue of compensation for the Soviet-era “occupation” of his country. “I have encouraged Russia to open a dialogue on the joint evaluation of the past, the restoration of justice, compensation for the occupation, and problems of the investigation of crimes... 

Palestinian President Mahmoud Abbas The Palestinian Authority has claimed its people are victims of “collective punishment” after accusing the United States of blocking $200 million in aid in response to President Mahmoud Abbas’s application for UN statehood. The freeze on funds, which has been unpublicised, was reportedly put in place in August, ahead of Mr Abbas’s planned... 

US gives away billons in assets in Iraq The United States Depart of Defense has found a nifty way of cutting costs in planning for the withdrawal of troops from Iraq. Rather than ship home millions of pieces of equipment from Americans bases abroad, the military is simply giving them away. Nearly two-and-a-half million pieces of equipment, estimated at a cost of $250 million, have so far been given... 

The Federal Reserved reached into public funds — about $1.2 trillion — to help bail out banks during the 2008 financial crisis, a new report reveals. A Freedom of Information Act request put together by Bloomberg has allowed for the hard numbers to finally be made available to the public about the loans the Fed dished out to keep financial firms afloat in the midst of an economic collapse. The... 

European Central Bank's bond buying operation could re3ach €850bn according to analysts at the Royal Bank of Scotland. Letter to Italian PM Silvio Berlusconi demanded detailed list of reforms to timetable set by the bank. The European Central Bank’s decision to start buying up Italian and Spanish bonds has controversially extended its operations into detailed demands for economic restructuring,... 

Iran’s Foreign Minister Ali Akbar Salehi says the Islamic Republic plans to donate USD 25 million to the famine-stricken people of Somalia. “The USD 25 million worth of goods will be sent for the famine-stricken Somalis,” Salehi said on the sidelines of the Cabinet’s meeting on Sunday. The drought and the famine it has caused in the Horn of Africa nations have affected more than 11.8... 

The cost of a decision last week to allow globalist vultures to metaphorically hog-tie Greece while the EU and IMF commences a good old fashioned economic pillaging of her state assets is a total evisceration of the country’s sovereignty, according to Eurogroup chief Jean-Claude Juncker. “The sovereignty of Greece will be massively limited,” Juncker told Germany’s Focus magazine, adding that...