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Schuman: Can Sovereign Defaults Tank The Global Economy?

Investors are running for the hills these days, shaken to the core by fears that sovereign defaults will roil global markets and derail the shaky reco…

Read more: European Debt Crisis, 2008 Financial Crisis, Italian Debt Crisis, Angela Merkel, European Union, Greek Debt Crisis, Contagion, Euro, Spanish Debt, Business News

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German Chancellor Signals Ambitions For Third Term

BERLIN (Reuters) – Chancellor Angela Merkel signaled for the first time her intention to seek a third term in 2013, although a poll on Sunday show…

Read more: Angela Merkel, European Union, Christian Democrats, German Chancellor Angela Merkel, Germany, German Politics, Peer Steinbrueck, World News


Daniel Furr: A European Civil War: The American Crisis Comes To Europe

The European debt crisis is a sign of a much bigger conflict within the European Union. It is a battle for what Europe is and what it should do. And, more importantly, where the power truly rests; Brussels or national governments.

Read more: Imf, European Union, Eurozone, Brussels, European Debt Crisis, Greek Financial Crisis, […]

George Soros: Country Leaving Euro Currency ‘Probably Inevitable’

VIENNA – Billionaire investor George Soros thinks a country will eventually exit the euro zone and urged policymakers on Sunday to come up with a “plan B” that could rescue the European Union from looming economic collapse.

Soros, famous for making $1 billion by betting against the British pound in 1992, did not name […]

El-Erian: European Debt Crisis Will Be Solved ‘Through Default’

TAIPEI – The head of PIMCO, the world’s biggest bond fund, predicted that Greece and other European economies would default on their debts to resolve their problems as the euro area deals with its debt crisis.

Greece’s government won a vote of confidence late on Tuesday, a crucial step toward securing further short-term and […]

Brad Friedman and Desi Doyen: ‘Green News Report’ – June 16, 2011

TWITTER: @GreenNewsReport.

The ‘GNR’ is also now available on your cell phone via Stitcher Radio’s mobile app!.

IN TODAY’S RADIO REPORT: The U.S. Forest Service warns AZ’s record wildfire is just the tip of the melting iceberg; Now a 2nd study warns warmer winters are the new normal; More bad news for nukes, as […]

Europe’s Debate Over Greek Crisis ‘Very Chaotic,’ Official Says

BRUSSELS (AP) — European officials are locked in a heated debate over whether – and how – to give more aid to debt-ridden Greece just as a much-delayed examination of the country’s finances draws to a close.

Experts from the European Union, the European Central Bank and the International Monetary Fund will likely conclude their […]

U.S. To Store European Passenger Data For 15 Years

Millions of air passengers may have their personal information stored in American databases for up to 15 years after travel to the United States as part of a new agreement between the U.S. and the EU.

Details of travelers, including addresses, phone numbers and even credit card information, would be kept by the U.S. Department […]

Harper Mulls Syria Sanctions

OTTAWA – The Canadian government is examining sanctions against Syria in response to the Arab nation’s brutal crackdown on its own citizens.

Stephen Harper has asked foreign affairs officials for options, said Dimitri Soudas, the prime minister’s spokesman.

“The minister of foreign affairs is currently working on those options,” Soudas told a briefing on Friday.


Michelle Chen: On Italian Island, Refugees Wait at Intersection of Europe’s Hope and Fear

On the tiny Italian island of Lampedusa, perched between North Africa and southern Europe, exhausted young men pile onto the shore from rickety boats. Those who arrived before them wait in makeshift encampments under the anxious eyes of local townspeople. No one knows when they’ll be allowed to leave, or who will accept them.