
European Central Bank Stops Operations with some Greek Banks
The European Central Bank has stopped providing liquidity to some Greek banks as they have not been successfully recapitalized, the ECB said on Wednesday, confirming news earlier reported exclusively by Reuters.The news sent the euro lower against the dollar, fanning concerns among investors and in Greece that the country may have to leave the euro zone.
The development highlights the weak state of the banking sector in Greece, where Greeks are pulling euros out of the banks in fear that their country may exit the European single currency despite the declared determination of EU powers Germany and France to keep Athens in the monetary union.
18.05 11:02 Politics ![]() European Immigration and EmigrationFrom 2007 to 2011, emigration grew drastically in Spain, Ireland, Portugal and Greece and grew moderately in Italy. Combined with a decline in immigration rates, this growth has turned Ireland, Spain and Portugal into net emigration countries. In turn, Greece and Italy are facing increased population outflows.To a certain extent, the financial crisis has returned these countries to their traditional emigration profiles. Most emigrants are foreign nationals because unemployment rates are usually higher among this demographic. However, some reports suggest that substantial numbers of Spanish, Irish, Portuguese, Italian and Greek nationals, particularly those with higher educations, are moving abroad. | 18.05 11:01 Society ![]() Intigam Babayev: Youth Houses Soon to Be Opened in 15 RegionsToday children under 14 make up 30% of the Azerbaijani population.The deputy youth and sports minister, Intigam Babayev, told the statement to an event on "Legal aspects of leisure time of children in Azerbaijan" held at the Parliament by the social policy committee, Gun.Az reported. According to the deputy minister, in recent years, youth policy has become a priority in the overall policy of the country. |
18.05 10:58 Politics ![]() France’s StrategyBy George Friedman
| 18.05 10:56 Politics ![]() US House Subcommittee Proposes to Increase Financial Aid to Separatist Regime in Nagorno KarabakhThe subcommittee rejected Barak Obama’s proposal to cut aid to Armenia by USD 7,5 million
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18.05 10:53 Politics ![]() Roland Kobia: Azerbaijan has Gained Achievements in Combating CorruptionAzerbaijan has gained achievements in combating organized crime, money laundering and corruption, head of the EU Representation in Azerbaijan Roland Kobia has said.While commenting on the report on the action plan of the European Neighbourhood Policy regarding Azerbaijan, Kobia noted that the European Commission praised the newly adopted Customs Code, formation of physical structures in justice sphere and especially the improvement of hygienic conditions in prisons, Gun.Az reported. | 18.05 10:52 Politics ![]() Europe’s Demographic DeclineFrancois Hollande was inaugurated Tuesday as France’s new president. Immediately following the ceremony, the nascent leader boarded a flight to Berlin to meet with German Chancellor Angela Merkel. While the commotion over Greece’s inability to form a new government captured much of the media’s attention, in Stratfor’s view, the future of the Franco-German partnership trumps all other political issues in Europe. This partnership has served as the keystone of the modern European construct and has been the leading force behind the Continent’s recovery efforts. |
18.05 10:49 Politics ![]() Syria, Iran and a U.S. - GCC Weapons LeakThe Washington Post reported Wednesday that U.S. officials have given the green light for weapons, funded by the Gulf Cooperation Council (GCC) states as well as the United States, to be delivered to rebels in Syria. According to the report, armaments including anti-tank weapons are making their way to the Syrian rebels and materiel is being stockpiled in Damascus, in Idlib near the Turkish border and in Zabadani on the Lebanese border. However, no U.S. troops or intelligence personnel were said to be in Syria. | 18.05 10:48 Science and technologies ![]() Soon You can Make Calls on Your Phone Aboard a Virgin Atlantic PlaneIf you’re flying to London from New York or vice versa, you now have the option to ride on the first plane ever to allow in-flight calls. Sir Richard Branson’s Virgin Atlantic airline recently announced that you can now make calls aboard its new Airbus A330 plane... so long as you’re using Euopean carriers Vodafone and O2 or U.S. carrier T-Mobile. |
















