EU ministers have delayed payment of an €8bn loan disbursal to Greece after the PASOK government admitted it would not meet deficit targets. Without the money, the Greek state may not be able to pay its workers over the next month. These targets were set as part of...
WAR torn Somalia faces yet another grave threat as the worst drought in decades devastates vast expanses of land in the Horn of Africa region. The other countries affected to a lesser extent are Ethiopia and Kenya. By early August, according to reports by...
The High Court in London will soon to decide whether Julian Assange is to be extradited to Sweden to face allegations of sexual misconduct. At the appeal hearing in July, Ben Emmerson QC, counsel for the defence, described the whole saga as “crazy”....
Five months after protests broke out, has the military met demands for political reform and social justice? When Egypt’s youth-led “January 25th Revolution” forced long-serving President Hosni Mubarak to resign on February 11, Mubarak handed the...
With confusing creditworthiness two more countries and many banks in Europe have “achieved” downgraded ratings over the last few days. And, there is a split. The Germans and the French have, temporarily, disagreed to agree. For the financial elites, political...
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