Whereas previously we had heard extensive horror stories about banks being told to prepare for the end of the world in case the European summit (the latest and greatest one from last Friday which was supposed to find a cure for cancer among other things) failed, and even went so far as to read about preparations for trading in the drachma on a when issued basis, once the summit passed (and it was... 

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... 

For once, I find myself on the same side as David Cameron, the David who stands alone against the fiendish Goliath of the European Union, that all-engulfing rampaging monster which gobbles up national identities, disregarding its citizens as it makes sweeping decisions over their heads, sending the lemmings scurrying over the cliff-edge… I could not have disagreed more with David Cameron over... 

Many experts believe that the sold out EU leaders’ failure to address the Block’s deepening financial recession may possibly end in collapse of an EU dream. In the meantime, professionals believe that the EU leaders’ failure to deal with the core issue, which, they say, is the endless rise of unrepeatable debt, is considered the same as, digging the hole still deeper, which may,... 

US Chairman of the Joint Chiefs of Staff General Martin Dempsey Chairman of the US Joint Chiefs of Staff General Martin Dempsey says the European Union faces potential breakup and civil unrest. “The eurozone is at great risk,” the top US officer told reporters on Friday, expressing doubt about the practicality of the measures taken by European leaders. Dempsey said it was not clear if the measures... 

President Dmitry Medvedev has said that Russia may be forced to take new steps in response to further deployment of American missile defense system in Europe. “Our response to European missile defense will be gradual. The first stage has already been completed – that was the launching of the radar system in Kaliningrad,” Medvedev said at a meeting with his and Prime Minister Putin’s supporters... 

On November 25, two days after a failed German government bond auction in which Germany was unable to sell 35% of its offerings of 10-year bonds, the German finance minister, Wolfgang Schaeuble said that Germany might retreat from its demands that the private banks that hold the troubled sovereign debt from Greece, Italy, and Spain must accept part of the cost of their bailout by writing off some... 

A child taking part in a rally in support of the Syrian regime, holds a portrait of Syrian President Bashar al-Assad. The EU has stopped short of endorsing a French proposal for EU-backed humanitarian corridors that would allow aid groups and observers into Syria. ­France has called for a “secured zone to protect civilians” in Syria. It is the first time a major Western country has suggested international... 

Talks between Merkel and Cameron lay bare fundamental differences over plan for euro. An anti-British backlash gathered pace in Germany yesterday as David Cameron and Angela Merkel struggled to disguise the gulf between them on how to tackle the eurozone crisis. The Prime Minister returned from talks in Berlin with the German leader having made little progress in agreeing emergency action to stop... 

The German Christian Democratic Union (CDU) chaired by Angela Merkel urged to introduce changed in the Lisbon Treaty and other European agreements stipulating an opportunity for European countries to pull out from the eurozone. The countries would preserve their EU membership in such a move. Greece has a new government, but it has not led to any positive changes. The problem of the national debt crisis... 

(L-R) Nursultan Nazarbayev, Dmitry Medvedev and Aleksandr Lukashenko Three former Soviet republics have launched a new regional integration project, with at least two others on track to join in. Critics accuse Moscow of rebuilding the USSR, but architects of project say the aim is to become a better version of the EU. The idea of the Eurasian Union – initially between Russia, Belarus and Kazakhstan... 

Damascus: Syrians hold up a large national flags as they rally to show their support for their President Bashar al-Assad in the capital in Damascus. The “illegitimate” decision to suspend Syria from the Arab League has received wide support from the EU and the US. Russia, however, has strongly opposed the measure, which is starting to look like another step on the road to a Libya-style scenario. During... 

Late night calls: Barack Obama made contact with several European leaders to demand faster action Barack Obama has read the riot act to the leaders of several European countries – saying more dramatic action is needed to avert a eurozone meltdown. The U.S. President made telephone calls to German Chancellor Angela Merkel, French President Nicolas Sarkozy and Italian President Giorgio Napolitano... 

Debt crisis sets markets in turmoil amid reports of talks about the break up of the eurozone. Reports that Germany and France have begun talks to break up the eurozone amid fears that Italy will be too big to rescue. Fears that Europe’s sovereign debt crisis was spiralling out of control have intensified as political chaos in Athens and Rome, and looming recession, created panic on world markets. Reports... 

West to East: EU officials have been refused help by China as the balance of power shifts. Hopes that China will ride to the rescue of the single currency were dealt a blow last night after Beijing warned that it will not be Europe’s ‘saviour’. State-run news agency Xinhua said the country cannot ‘provide a cure for the European malaise’. It came after European officials begged China for...