EU summit struggles to agree climate pledge

The problem is the state of debt EU countries have been placed into by the recession restricts much of the commitment of money by the poorer members. The question of pledging by the poorer members would also...

Netherlands stops sending aid to Sri lanka

Sri Lanka will no longer be getting the 30 to 40 million Euros from Netherlands every year. "April 07, 2009 (LBO) -The Netherlands will stop giving aid to Sri Lanka due to an internal conflict, ending a longstanding partnership which had given 30 to 40 million Euros each...

Merkel Urges German Banks to Tap Government Rescue Fund

" German Chancellor Angela Merkel has urged banks to make use of a government bailout fund worth up to 500 billion euros ($637 billion) that few financial institutions have tapped so far. As German banks continue to cast around for capital to help them survive the...

Woman wins slavery case against Niger

Justice did right on 24-year-old Adidjatou Mani Koraou after the Court of Justice of the Economic Community of West African States recognised she had been "a victim of slavery". It also held "the Republic of...

French bank admits trading loss

With France now officially in a recession ad the global markets reeling, this revelation from a French bank that it lost 600 million euros in a derivatives trading incident last week couldn't have come at a worse...

German Car Industry hit by US-GM cancer, asking for state money handouts

US-GM cancer spreading over to Opel in Europe. The german car industry wants now after the banks a car bilout of 50bn Euros ($70bn) as GM received a signed government paper for $25bn first round and $25bn second...

Germany reaches deal to bail out Hypo

Germany gives now guarantees on all private bank accounts " Chancellor Angela Merkel said that no citizen should fear for the safety of their investments. Hours later, her government announced a new bailout...

Second Belgian bank gets bail-out

A second Belgian bank has had to be rescued by a coalition of the Luxembourg, Belgium and Netherlands governments. The announcement that Dexia will be bailed out comes one day after the countries announced they...

Benelux governments rescue Fortis; ING to buy ABN

" Benelux governments nationalized parts of banking and insurance group Fortis in a bid to prevent U.S.-style financial contagion engulfing one of Europe's top 20 banks. After emergency talks with European...

Thief Returns to Scene to Apologize

In Germany, a thief who robbed a kiosk returned a couple of days later out of guilt to leave an apology letter and leave monetary compensation to the victims of his crime."Police said the business in Kamen, near...

Spanish “Robin Hood” steals from banks, donates to anti-banking activists

He is not wearing green, and he does not live in Sherwood forest, yet he calls himself a modern day “Robin Hood." Enric Duran, a middle-aged man from Spain, has fooled 39 Spanish banks to lend him close to...

No Sandcastles! It's the Law

No Public Kissing, No Reading, a curfew at night. Sounds more like Nazi Germany in the 30's and 40's than Italy in 2008."ROME (Reuters) - When in Capri, don't wander off the beach in a bikini. If you go to the sea...

Le Pen sells party HQ to Chinese

This is hilarious. Poetic justice anyone?"France's anti-immigrant party, the National Front, is selling its headquarters to a Chinese university, according to the party leader. Jean-Marie Le Pen has confirmed that the party base has been purchased by a Shanghai university. Mr...

Berlusconi: Italy in talks with foreign company to save Alitalia (updated)

In yet another attempt to save Alitalia from bankruptancy, Prime Minister Silvio Berlusconi talks with other large foreign companies. Even though Italy is not officially in recession, figures from the second...

Auschwitz Death Camp Memorial Needs Funds

"The memorial on the grounds of the old Auschwitz-Birkenau concentration camp could fall into disrepair due to a lack of funds, and organizers are looking to the international community for help. The spokeman...

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