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Anti-austerity protests sweep across Europe

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Thousands of Czech university students rally in central Prague on February 29, 2012. Massive demonstrations across Europe have taken issue with the austerity measures adopted by the European governments against economic adversity. The protests were held on Wednesday in the Czech Republic, France, Greece, Belgium, and Spain against government economic reforms aimed at dealing with the unprecedented... 

Eurozone ministers agree on 2nd bailout package for Greece

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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... 

Eastern Europe calls on Iran not to stop oil exports

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Oil refinery of Swiss firm Petroplus in Petit-Couronne, near Rouen, northwestern France. A senior Iranian lawmaker says a number of Eastern European countries have called on the Islamic Republic not to approve a bill which will stop the country’s oil exports to the European Union member states. Member of Iran Majlis National Security and Foreign Policy Committee Mohammad-Karim Abedi said on Tuesday... 

Euro debt crisis hangs over EU summit

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European Union leaders are expected in Brussels for their first summit of the year in attempt to reconcile austerity with growth and to approve a permanent rescue fund for the crisis-hit eurozone. The half day summit on Monday is meant to focus on ways to generate growth and create jobs, while having more austere fiscal measures for nations with unsustainable levels of debt. The summit coincided with... 

EU Adopts oil Embargo on Iran

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The EU will immediately ban new oil deals with Iran and implement a total boycott of Iranian oil in July 2012, under sanctions discussed by the 27 Foreign Ministers today. Sanctions could also target the activities of a number of Iranian companies, individuals and financial institutions, including the country’s central bank. British Foreign Secretary William Hague said the measure was part of... 

Man goes Rampage on Christmas shoppers in Belgium

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Killer: Nordine Amrani murdered a cleaning lady in his rented flat before heading off on a bloodthirsty rampage in the center of the Belgian city Liege killer Nordine Amrani murdered four people and wounded 125 others because he feared being sent to back to prison for a sex crime, his lawyer said today. The 32-year-old convicted criminal, who was due to marry his long-term girlfriend, used grenades... 

Belgians protest austerity measures

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Protesters in Belgium on Friday, December 2, 2011 Tens of thousands of people have taken to the streets in the Belgian capital, Brussels, in protest to austerity measures proposed by the country’s incoming government. On Friday, Belgians marched in central Brussels to voice their opposition to cuts the incoming government says are necessary to help the country’s troubled financial sector,... 

New euro 'empire' plot by Brussels

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Britain must decide on the nature of its relationship with the European Union European Union chiefs are drawing up plans for a single “Treasury” to oversee tax and spending across the 17 eurozone nations. The proposal, put forward by Herman Van Rompuy, the European Council president, would be the clearest sign yet of a new “United States of Europe” — with Britain left on the sidelines. The... 

Dollar and euro: Whose crisis is bigger?

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Dollar exchange rate continues to rise, despite the enormous national debt and virtually pre-default state of the USA. Why? 
Mikhail Fedorov, analyst of “RIC-Finance”:
 “Today, because of the debt crisis the Eurozone and the U.S. became competitors in terms of their attractiveness to outside investment, and therefore their ability to fund their own public loans. In fact, they... 

EU allows crisis-hit Spain to restrict Romanian workers

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Romanian Workers Spain has been given the green light by the EU executive to tighten restrictions on Romanian workers as it struggles with the highest unemployment in the 27-nation block. Spain will now require Romanians to have a work contract before settling in Spain and reverses a two and a half year moratorium that gave Romanian workers unrestricted access as fellow members of the European Union. The... 

Burqa ban unites a politically divided Belgium

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Although present, the burqa remains very rare in Belgium. A new law banning the burqa comes into force in Belgium on Saturday. The law has been approved with overwhelming support by both houses of parliament, a rare display of unity in this otherwise divided nation. Belgium is now the second country in the European Union after France to implement a burqa ban. The law has found unanimous support among... 

Croatia Likely To Join EU In 2013

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Croatia's Prime Minister Jadranka Kosor is welcomed by EU Council President Herman Van Rompuy. Croatia has been given the conditional go-ahead to join the EU, after six years of preparations marred by slow democratic reforms in Zagreb and the EU’s reluctance to expand. The former Yugoslav state of 4.4 million people should be able to wrap up accession negotiations next week, EU leaders said... 

After France, Belgium approves ban on burqa

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Belgium will soon become the second country in Europe to ban the burqa in public places, after the parliament approved legislation forbidding full veils, the bill’s author said today. The legislation quietly cleared the Senate last week after it was overwhelmingly approved by the lower chamber of deputies last month, when only one Green lawmaker voted against it and two abstained. The new law... 

EU rejects Italy's call for help with migrants

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Tunisian immigrants are guarded by policemen upon arrival on the Italian island of Lampedusa. Italy faced criticism in the European Union on Thursday (24 February) for raising the alarm about a potential wave of refugees from Libya, with several governments saying Rome’s calls for help in dealing with migrants were exaggerated. EU justice ministers were meeting in Brussels yesterday to weigh... 

Brussels reporter attempts citizens arrest of Israeli minister

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Mr Lieberman (r) in the EU Council on Tuesday. ‘It’s not the sort of thing a journalist does’ the API chairman said. The Brussels reporter who made headlines around the world last year for attempting to place former UK prime minister Tony Blair under a citizen’s arrest has done it again, this time with the foreign minister of Israel, the hard-right Avigdor Lieberman. David Cronin,... 
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