Sixteen nations in the euro currency union have started to assess what financial complications might occur if debt-ridden Greece leaves the monetary compact. Even as they voice the hope that Greece stays in the eurozone, European leaders have in recent days increasingly discussed the possibility that the Athens government may end its euro alliance and […]
Eurozone Nations Preparing for Greece Exit
Posted May 23rd, 2012 at 12:30 pm (UTC-5)
Sixteen nations in the euro currency union have started to assess what financial complications might occur if debt-ridden Greece leaves the monetary compact. Even as they voice the hope that Greece stays in the eurozone, European leaders have in recent days increasingly discussed the possibility that the Athens government may end its euro alliance and […]
Details of Arab League’s Plan for Syria
Posted November 2nd, 2011 at 1:55 pm (UTC-5)
Here is a breakdown of the Arab League’s proposal to curb the bloodshed in Syria agreed to on Wednesday: * The Syrian government agrees to withdraw security forces from the streets. * Pro-government forces will cease their violent crackdown on demonstrators. * Syria will release political prisoners arrested in the uprisings. * The president’s representatives […]
Italy Revamps Austerity Plan for a Third Time
Posted August 30th, 2011 at 2:55 am (UTC-5)
Italian Prime Minister Silvio Berlusconi has agreed to revamp the current $65 billion austerity plan. This is the third attempt in the last several weeks to balance the Italian budget. The new plan announced Monday includes a crackdown on avoiding property taxes, and delays retirement for some Italians. Few details were announced on how the […]
