Where the eurozone crisis heads will depend not on whether Greece leaves the union, but on how the situation in the region affects debt-troubled Italy and Spain, Aleksey Bachurin, head of Russian Cash Equity Trading at Renaissance Capital, told RT. ­“The important thing is not Greece itself: it’s relatively small and the investments in Greece are already written down by most banks. But the potential... 

The Netherlands has become the first EU member country to pass into law new net neutrality regulations, following in the footsteps of Chile, which became the first country in the world to make net neutrality laws back in July 2010. The new Telecom Law was approved unanimously by the Dutch Senate and is set to ensure that access to the internet remains neutral and unfiltered. The move follows plans... 

Italy's Prime Minister Mario Monti Italian Prime Minister Mario Monti has pointed to the possibility of calling in the army to deal with the violent protests in the country over the government’s economic policies. Monti raised alert levels on Sunday at some sensitive sites across Italy to handle the recent violence that has hit the country. Interior Minister Anna Maria Cancellieri also said on... 

Countries of the “Russian world” are capable of changing the globe within ten years, believes top cleric of the Russian Orthodox Church Vsevolod Chaplin. ­By the “Russian world” he means states with a historically strong tradition of Orthodox Christianity which, apart from Russia, include Ukraine, Belarus, Greece, Romania and several others. “Our Orthodox civilization may not be that large,... 

Ear-piercing: The 'sonic cannon' similar to the one pictured here emits a loud pain-inducing noise. It could be used to disperse crowds during the Olympics Controversial weapons known as ‘sonic cannons’ will be used during the London Olympics, the Ministry of Defence revealed yesterday. The devices emit a pain-inducing noise, said to be as loud as a military jet taking off, which can be... 

Rupert Murdoch A select committee of British MPs has declared Rupert Murdoch “not fit” to run an international company after concluding that he displayed “wilful blindness” to illegal phone hacking practices across his media empire. The MPs, from the cross-party Culture Media and Sport select committee, concluded in their report that a culture of covering up criminal activity... 

The US is planning to spend $4 billion to upgrade NATO’s Western European nuclear arsenal. The “unnecessary and expensive” initiative is likely to stir new animosity with Russia, a report says. ­The alliance is preparing to replace “dumb” free-fall nuclear bombs with new generation of precision-guided nuclear gravity bombs, reveals a report by the European Leaders Network (ELN), a political... 

Two policemen have been injured as hundreds of protesters hurled red paint and eggs at officers guarding Equitalia, Italy’s tax collection office, in Naples following the suicide of yet another debt-ridden Italian citizen. Demonstrators lobbed rocks and bottles at policemen clad in riot gear as the building was quickly closed to the public. The protesters claimed to have attacked the tax office... 

German Chancellor Angela Merkel left little ground to hope she would abandon or moderate the austerity program for Europe as she warned that growth on new loans would push the EU into deeper crisis. “Growth through structural reform is sensible, important and necessary,” she said during an address to the German Parliament. “Growth through debt would throw us back to the beginning of the... 

Europeans are concerned about high fuel prices resulting from the Iran oil ban and its negative effects on the economic situation of their countries. A new poll conducted in five European countries shows most people are against imposing sanctions on Iran’s oil sector. A total of 2,100 adults in Germany, France, Austria, Sweden and Poland responded to the poll which was conducted by the German... 

Washington claims the shield is meant to protect against Iran, but Moscow knows its about undermining Russia’s military deterrence. Russia’s top military officer has threatened to carry out a pre-emptive strike if Washington goes ahead with its plan to build a missile defense shield in Eastern Europe. The Obama administration has been pushing for a deal to build missile defense facilities... 

Greece’s leader of the leftist SYRIZA coalition, Alexis Tsipras Greece’s left-wing coalition leader has ruled out austerity measures, receiving a mandate to form a new government as elections produced a stalemate in parliament. Greece’s leader of the leftist SYRIZA coalition, Alexis Tsipras, has ruled out budget-cutting austerity measures, opting to meet President Karolos Papaoulias in talks... 

Former Russia's President Dmitry Medvedev (R) and his successor Vladimir Putin walk downstairs at the Ivanovskaya Square in Moscow’s Kremlin, on May 7, 2012. Russia’s newly sworn-in President Vladimir Putin has submitted a bill to the State Duma, nominating Dmitry Medvedev as the new prime minister under a job swap agreement announced last year. The lower house of parliament’s speaker... 

Far-right political party Golden Dawn is set to enter the Greek Parliament for the first time after yesterday’s elections. Exit polls in Sunday’s election show the nationalist organization has won about 7% of the vote – well above the required three-per-cent threshold. ­This is the first time in nearly 40 years that a far-right party is projected to enter Greece’s parliament. “A new... 

The euro has dropped in value following the electoral defeat of ruling parties in France and Greece. The euro has dropped in value following the electoral defeat of ruling parties in France and Greece as new anxiety about the fate of EU austerity policies rattles financial markets. The currency sank to 1.29 dollars on Monday, its lowest level since January, after Socialist Francois Hollande beat President...