David's Feed
Jun 8, 2012

Shares, oil, euro fall as Spanish reality dawns

LONDON, June 8 (Reuters) – European shares, the euro and oil
fell on Friday as hopes for more global monetary easing dwindled
despite the prospect of slower economic growth in Germany and
China, and expectations of a bailout for Spanish banks failed to
stop the rot.

A credit rating cut for Madrid forced investors to confront
the reality of the euro zone crisis after Fed Chairman Ben
Bernanke damped recent hopes that the central bank would
announce new moves to stimulate the U.S. economy later this
month.

Feb 18, 2012

Greek cabinet backs extra austerity measures

ATHENS, Feb 18 (Reuters) – Greece’s cabinet approved
on Saturday a final set of austerity measures sought by the EU
and IMF as a condition for a 130 billion euro ($171 billion)
rescue package, raising the chances of a deal next week to avert
a chaotic default on its debt.

The approval was largely a formality after Athens last week
unveiled details of the extra budget and public sector wage cuts
worth 325 million euros to euro zone partners.

Feb 18, 2012

Greek cabinet tackles austerity, rescue hopes rise

ATHENS (Reuters) – Greece’s cabinet tackled on Saturday how to implement austerity demanded by the EU and IMF as a 130-billion-euro ($171-billion) rescue seemed within reach, while the euro zone considered modifying a deal with private creditors to help Athens reduce its huge debts.

After months of often acrimonious negotiations, Greek hopes were rising that euro zone finance ministers Monday will endorse the rescue which Athens needs to avoid bankruptcy next month when major debt repayments fall due.

Feb 13, 2012

Athens mayhem raises fears of Greek social explosion

ATHENS (Reuters) – Greek political leaders say the nation must accept yet more punishing austerity or face a social explosion, but after a night of violence and destruction in Athens, some people fear this explosion may already be about to begin.

Trade union leader Ilias Iliopoulos condemned the mayhem in which buildings burned across Athens as parliament debated new budget cuts but said the government had to listen to the people.

Feb 10, 2012

Greek far-right leader rejects bailout

ATHENS (Reuters) – Greek far-right leader George Karatzaferis refused on Friday to support his own government by backing a tough EU/IMF international bailout, and a state news agency said his party’s ministers had offered to resign from the coalition.

Karatzaferis launched a furious attack on Germany for trying to dominate the troubled nations of southern Europe, and accused Chancellor Angela Merkel of playing poker with Greece’s future.

Feb 10, 2012

Greek far-right leader rejects bailout, attacks Germany

ATHENS, Feb 10 (Reuters) – Greek far-right leader
George Karatzaferis refused on Friday to support his own
government by backing a tough EU/IMF international bailout, and
a state news agency said his party’s ministers had offered to
resign from the coalition.

Karatzaferis launched a furious attack on Germany for trying
to dominate the troubled nations of southern Europe, and accused
Chancellor Angela Merkel of playing poker with Greece’s future.

Oct 26, 2011

Newsmaker: Gaddafi son may prefer surrender to death, after all

By David Stamp

(Reuters) – Saif al-Islam Gaddafi once vowed to fight and die on Libyan soil, but now he may be ready to hand himself in to the International Criminal Court rather than suffer his father’s gruesome fate.

An official of the National Transitional Council said on Wednesday that Saif al-Islam, the only one of Muammar Gaddafi’s eight children still on the run, had proposed surrendering to the Hague-based ICC, where he is wanted on war crimes charges.

Oct 26, 2011

Gaddafi son may prefer surrender to death, after all

Oct 26 (Reuters) – Saif al-Islam Gaddafi once vowed to fight
and die on Libyan soil, but now he may be ready to hand himself
in to the International Criminal Court rather than suffer his
father’s gruesome fate.

An official of the National Transitional Council said on
Wednesday that Saif al-Islam, the only one of Muammar Gaddafi’s
eight children still on the run, had proposed surrendering to
the Hague-based ICC, where he is wanted on war crimes charges.

Oct 21, 2011

Newsmaker: Saif al-Islam, Gaddafi’s enigmatic and elusive son

LONDON (Reuters) – Saif al-Islam Gaddafi is the most enigmatic of Muammar Gaddafi’s children, apparently turning within weeks from philanthropist and liberal reformer into a fighter ready to die on his home soil rather than surrender.

Gaddafi junior, whose name means “Sword of Islam,” is also the most elusive of the late Libyan leader’s eight offspring, wanted on war crimes charges but evading a manhunt for months to remain the only leading family member still at large.

Oct 21, 2011

Saif al-Islam, Gaddafi’s enigmatic and elusive son

LONDON, Oct 21 (Reuters) – Saif al-Islam Gaddafi is the most
enigmatic of Muammar Gaddafi’s children, apparently turning
within weeks from philanthropist and liberal reformer into a
fighter ready to die on his home soil rather than surrender.

Gaddafi junior, whose name means “Sword of Islam”, is also
the most elusive of the late Libyan leader’s eight offspring,
wanted on war crimes charges but evading a manhunt for months to
remain the only leading family member still at large.