Global News Journal
Beyond the World news headlines
EU delivers its own “State of the Union” address
The European Union talks frequently about wanting to be a bigger player in the world, about making its political influence match its economic weight and the need to stand shoulder-to-shoulder with the United States.
And at least in one respect it can now say it’s America’s equal – both have a State of the Union address.
Jose Manuel Barroso, the president of the European Commission, delivered his inaugural State of the Union speech to the European Parliament on Tuesday, a sweeping assessment of where the bloc of 27 countries stands and what it needs to do to be better in the future, tapping a similar vein to President Barack Obama’s State of the Union address to Congress in January.
But beyond the matching titles, and some common themes, there were few similarities, at least from a rhetorical point of view.
from Africa News blog:
Where will Nigerian bank crisis lead?
The list published by Nigeria's central bank of those who owe money to the banks it has just bailed out makes clear that the situation has already gone well beyond just being a banking crisis.
The list cuts across the business elite and Nigeria's regions and also includes many politically powerful figures. (And it doesn't even appear that all those who could have been named as directors of the debtor companies have been identified).
