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Romania Anti-Austerity Protest Turns Violent
Protesters waved Romanian flags with holes in them, symbolising the 1989 anti-communist revolution.
Police officer seriously injured after resignation of Palestinian-born doctor over health reforms sparks mass protests.
Romanian police have fired tear gas and clashed with protesters during an anti-government rally in the third consecutive day of demonstrations against austerity cuts and worsening...
S&P Downgrades EU Credit Ratings
Standard & Poor's has downgraded the credit ratings of several European nations.
Standard & Poor’s has downgraded the credit ratings of France, Italy, and Spain, as the European debt crisis continues to intensify.
According to French government sources, the ratings agency has downgraded the country’s Triple-A credit rating, while downgrading Italy and Spain’s ratings as...
EU Jobless Rate Hits Historic High
Unemployment in the European Union states has reached a record-high level of 9.8 percent, a new report says.
A quarterly report released by the European Commission shows that unemployment has reached a historically high level across Europe.
The report, issued on Tuesday, says 9.8 percent of all formerly-employed Europeans are currently jobless, with unemployment having steadily escalated since last...
Eurozone Unemployment at Record High
Insolvency is threatening heavily debt-ridden countries such as Greece, Portugal, Italy, Ireland and Spain.
Official figures show the rate of unemployment in the eurozone reached an all-time high of 10.3 percent in November 2011.
According to the Eurostat statistics agency, by November more than 16.3 million people were unemployed in the 17 nations that use the euro as their currency.
Eurostat figures...
UK Prepares for Eurozone Breakup
As the eurozone teeters on the brink of collapse, the UK Treasury is working on a contingency plan to limit the fallout of a potential full-scale euro meltdown.
The plan would entail capital controls to restrict the flow of money in and out of the country.
Officials fear the departure of a eurozone member might trigger capital flight from weaker members of the economic union to countries like the...
Europeans Leave En Masse Amidst Crisis
A picture showing protests against the government austerity measures in Greece.
Tens of thousands of Europeans are migrating from their homelands, many heading to the southern hemisphere, as the continent sinks deeper into financial crisis.
While official statistics shows that Portugal, Greece and Ireland had the largest stream of immigrants leaving their country’s this year, evidence points...
Australian Banks Given One Week To Prepare For European Meltdown
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...
Italians to go on strike over budget cuts
Demonstrators hold a banner reading "We don't pay your bill, change the menu" as they march during a general strike in Italy.
Tens of thousands of Italian workers plan a general strike against the imposition of the government’s harsh austerity measures aimed at saving the country from financial ruin.
Leaders of Italy’s three biggest unions have called for a three hour strike...
David Cameron protects UK's Sovereignty against EU Federalism
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...
US General: EU may face Breakup, Unrest
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...
CIA's Most Secret Prison Surfaces in Romania
Secret CIA prison revealed in Romania
One of CIA’s secret prisons was probably located in the capital of Romania, Bucharest. Reporters of two Western media companies visited the European country, to take a look at the place, where the CIA could keep its Afghan POWs.
The subject of CIA’s secret prisons has surfaced again after an anonymous agent of US special services unveiled information...
Russian strike forces Moved to EU Borders if necessary
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...
EU rejects French call for intervention in Syria
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...
Germany tightens the screw on 'isolated' Britain as tensions soar
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...
Trojan horse of Goldman Sachs digs into eurozone
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...