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Foreign News

Greek Bailout: Merkel’s CDU Party Hardliners Unhappy

Chancellor Angela Merkel came out of the Brussels bailout talks the clear winner, having forced her Greek counterpart to concede nearly everything. But for many in her party, even that was a compromise too far. The deal is done, and everyone seems to agree that German Chancellor Angela Merkel won ...

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Finland: Eurozone Finance Ministers End 80Bn Euro Greece Bailout Talks, Resume Sunday

Eurozone finance ministers have suspended their crisis talks after meeting to evaluate a last-ditch bailout proposal from Greece, according to the Finnish finance minister. The Eurogroup of eurozone finance ministers emerged from a marathon meeting in Brussels late Saturday without an agreement on Greece’s reform proposals. After leaving the talks, ...

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Pope Calls For New Economic Order, Criticizes ‘Intolerable’ Capitalism

Pope Francis on Thursday urged the downtrodden to change the world economic order, denouncing a “new colonialism” by agencies that impose austerity programmes and calling for the poor to have the “sacred rights” of labour, lodging and land. In one of the longest, most passionate and sweeping speeches of his ...

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Saudi Arabia: Prince Saud al-Faisal, Former Foreign Minister Is Dead

Former Saudi Foreign Minister Prince Saud al-Faisal has died, a Saudi official told Al Jazeera, two months after he was replaced following 40 years on the job The senior level Saudi information ministry official on Thursday said that Prince Saud passed away and that an official statement would be published ...

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More Obama Scandals: NSA Spied On Merkel, Other Top German Politicians ‘For Decades’  

Documents released by WikiLeaks appear to show that the US spied on close aides of German Chancellor Angela Merkel and other officials for years. The leaks show Merkel’s private and professional opinions on a range of issues. The WikiLeaks report, released on Wednesday, suggests NSA spying on German officials went ...

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Debt Crisis: Greek Banks Remain Closed Nationwide Till Monday

Athens has extended banking closures across the country into next week, as it faces the possibility of financial collapse. The heads of the US Treasury and the IMF have said a degree of debt restructuring is in order. The Greek Finance Ministry said it was extending the closures of banks ...

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Ray Of Hope: Restructure Greek Debt – IMF Tells Greece’s Creditors

The head of the Managing Director of the International Monetary Fund (IMF) Christine Lagarde has called on Greece’s creditors to restructure the country’s debt. That – along with reform in Athens – would make Greek debt sustainable, said in Washington. In comments made at the Brookings Institute think-tank in Washington, ...

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Turkey: ‘Kill The Gays’ Posters Stir Up Capital, Instanbul

An Islamist group pinned posters across Ankara in an attempt to use religious references to incite hatred against gays and lesbians. With political Islam on the rise, local governments choose to ignore the problem. Quoting a verse from the Hadith – a collection of sayings of Prophet Muhammad – unauthorized ...

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Greek Debt: Full 28 EU Summit Holds On Sunday

A special EU summit has been convened for Sunday, after an emergency eurozone leaders’ meeting finished without a deal. Leaders from all 28 states are to be included in the discussion of proposals expected from Athens. European Union leaders are to hold a decisive summit on the Greek debt crisis ...

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Greek Debt: All Eyes On European Central Bank After ‘No’ Vote

Greeks’ resounding ‘No’ vote in Sunday’s referendum left the ECB, a last source of funding for Greece’s debt-laden banks, with a moral quandary: Keep pumping money into a system on the brink of bankruptcy or not? A day after Greek voters squarely rejected the notion of trading unpopular economic reforms ...

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