Eight out of 90 European banks have failed stress tests on whether they could withstand another financial crisis. None were in Italy - which it hopes might help the country fend off spiraling debt costs, along with the 70-billion-Euro cuts which parliament passed on Friday. But, as RT's Sara Firth reports, there's only so much that can be done before the people take power into their own hands.
The euro plunged deeper into crisis last night as Greece’s credit rating was slashed to ‘junk’ status – just one notch above default – by another major agency.
The French Parliament is due to vote on extending the military campaign in Libya. It comes after recent remarks by its defence minister suggesting that the rebels should talk to Colonel Gaddafi. This has sparked rumours that one of the most active advocates of the NATO-led invasion, might be starting to back-pedal on the campaign. John Laughland - Director of the Institute of Democracy and Cooperation in Paris says France now realises it has to find a way out of Libya to avoid losing face.
EU commissioner Michel Barnier takes on the big three credit ratings agencies: Standard & Poor, Moody's and Fitch
European Council President Herman Van Rompuy has called an emergency meeting of top officials dealing with the euro zone debt crisis for Monday morning, reflecting concern that the crisis could spread to Italy, the region's third largest economy.
The European parliament backed Wednesday the deployment of body scanners at airports, but on condition that travelers have the right to refuse to walk through the controversial machines.
EU and US intervention in Syria is designed to harm Iran and to protect Israel and Lebanese Christians, not Syrian people, according to Robert Baer, a retired CIA officer with experience of the region.
Lipsky: 'The euro area needs to strengthen economic governance'
Publication of suppressed report could undermine efforts to deal with eurozone debt crisis.
EU Commissioner Kristalina Georgieva called for the "immediate, sustained and unconditional opening of crossings for the flow of humanitarian aid, commercial goods and persons," following her trip to the coastal enclave Tuesday.
The decision of EU finance ministers to soften their opposition to any “restructuring” of Greek debt stoked fresh tension with the European Central Bank as it warned of potential “catastrophe” from such a departure.
Max Keiser on Irish political talking-heads show
Patients have lost access to hundreds of herbal medicines today, after European regulations came into force.
Stanley Crossick, one of the founders of the EPC, has been noted to have been a close friend of Chabad, and also advised on trade betweent the EU and China. In other news, the EPC hosted Danny Ayalon, a leader of the extremist Israeli party, Yisrael Beitenu, on March 1, 2011.
Levels of caesium isotopes in Japanese food for sale in the EU can now be 20 times higher than it was before. Food that would not be considered edible in Japan can now be imported and sold in Europe.
The UN says it's alarmed by the looming humanitarian crisis in Libya. Officials warn food supply lines have been disrupted and over three hundred thousand refugees have already fled the country. Nigel Farage, MEP and leader of the UK Independence Party, believes the whole military strategy in Libya has not been thought through.
Sinn Féin has challenged Fianna Fáil, Fine Gael and Labour to outline how they believe the State can afford to pay back the €67 billion EU/IMF rescue package.
Every day far out at sea half the fish caught in the North Sea are being thrown back dead. That's almost a million tonnes of edible fish every year - wasted. Fishermen hate doing it, but EU law says they have to.
Finance Minister Brian Lenihan has said that while elements of the EU/IMF financial deal could be renegotiated, the interest rate and the total financial savings to be met could not be.
Noonan says interest rate must be renegotiated by next government
The European Union has strongly condemned the demolition of a historic hotel in East al-Quds (Jerusalem) to make way for an illegal settlement complex."
Pressure is growing on Portugal from Germany, France and other euro zone countries to seek financial help from the EU and IMF to stop the bloc's debt crisis from spreading, a senior euro zone source said on Sunday.
European Union Foreign Ministers have said that they will recognise a Palestinian state “when appropriate”.
The former Israeli military officer wanted in Colombia on charges of training right-wing militias landed in Israel Frinday night after Russian authorities released him from prison. Klein, a former Israeli lieutenant colonel, was captured by Interpol in Moscow in August 2007 following a request by the Colombian authorities, who accuse him of training drug barons' private armies and paramilitary groups in the 1980s.
The European Court of Human Rights has ruled that Russia cannot extradite Klein to Colombia, saying that he may face torture in the country, where he was sentenced to nearly 11 years in prison. Klein has said his extradition would mean a "death sentence."
In other news:
Dios Bendiga Israel – God bless Israel. This is not a statement many Israelis hear when traveling abroad. Except in Colombia.
European Member of Parliament Nigel Farrage for the UK Independence Party speaking to the European Parliament in Strasbourg on 24 November 2010
European Parliament, Strasbourg - 7 September 2010
Karel De Gucht, the European trade commissioner, has a penchant for saying what he’s really thinking.
Dr. Moshe Kantor, president of the European Jewish Congress, lambasted the commissioner. “This is part of a dangerous trend of incitement against Jews and Israel in Europe that needs to be stamped out immediately.”
The European Union on Sunday called for a further easing of Israel’s blockade on the Gaza Strip. During a visit to the territory Catherine Ashton, the EU’s high representative for foreign affairs, said Israel must open the Gaza crossings. She said that the EU was willing to send monitors to operate the crossings.
Banking report authors say outside bodies should have seen warning signs
Testimony of Dr. Hazem Farouk, Egyptian MP from the Muslim Brotherhood who was aboard the Freedom Flotilla and was released by Israel on 01 June 2010.