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Jan Strupczewski
Ukraine ready to use military to defend itself against Russia
March 06, 2014 05:28 PM
BRUSSELS: Ukraine is ready to use military force to defend itself if Russia further expands its presence on Ukrainian soil, Prime Minister Arseny Yatseniuk said on Thursday, emphasizing that Ukraine would not be made subordinate to its neighbor.Speaking at a news conference after meeting European...
G-20 aspires to boost world economy by $2 trillion
February 24, 2014 12:24 AM
SYDNEY: The world’s top economies have embraced a goal of generating more than $2 trillion in additional output over five years while creating tens of million of new jobs, signalling optimism that the worst of crisis-era austerity was behind them.The final communique from the two-day meeting of...
ECB has ‘big bazooka’ despite court: EU’s Rehn
February 11, 2014 12:12 AM
BRUSSELS: The European Central Bank still has a “big bazooka” with plenty of ammunition to preserve the euro despite a German constitutional court statement that its bond-buying plan is probably illegal, EU economics chief Olli Rehn said Monday.Rehn also urged the ECB to act to ensure that...
Europe moves closer to scheme for troubled banks
December 11, 2013 12:27 AM
BRUSSELS: European Union countries edged slowly toward agreeing a scheme to shut failing banks Tuesday, although a final deal on wider reform to prevent a repeat financial crisis may not be reached until next week.After a financial storm that toppled banks and dragged down states from Ireland to...
Europe tries to cut deal to close failing banks
December 10, 2013 12:22 AM
BRUSSELS: European countries are seeking to agree before year-end on how to close failing lenders, part of an ambitious plan to create a single banking framework and fix broken banks whose problems have festered since the financial crisis.The main issues are: Who decides and who pays?Under...
G-20 puts growth before austerity, vows to tread carefully
July 22, 2013 12:16 AM
MOSCOW: The Group of 20 nations pledged over the weekend to put growth before austerity, seeking to revive a global economy that “remains too weak” and adjusting stimulus policies with care so that recovery is not derailed by volatile financial markets. Finance ministers and central bankers signed...
G20 puts growth before austerity, vows to tread carefully
July 20, 2013 01:54 PM
MOSCOW: The Group of 20 nations pledged on Saturday to put growth before austerity, seeking to revive a global economy that "remains too weak" and adjusting stimulus policies with care so that recovery is not derailed by volatile financial markets. Finance ministers and central bankers...
G-20 strives for policy clarity, wary of new market turmoil
July 20, 2013 12:26 AM
MOSCOW: The Group of 20 nations, wary of renewed market volatility, Friday stressed the need to shift policy carefully and communicate clearly as they seek to chart a course to recovery. A draft communique prepared for G-20 finance ministers and central bankers meeting in Moscow said an action...
G20 talks focus on policy clarity, China offers olive branch
July 19, 2013 02:51 PM
MOSCOW: The world's economic crisis response team grappled on Friday with the prospect of more market volatility resulting from the United States, China and Japan charting a course towards recovery.Finance ministers and central bankers from the Group of 20 nations, gathered in Moscow, were to call...
EU backs banking union despite Berlin objections
June 29, 2013 12:37 AM
BRUSSELS: European Union leaders said Friday they want agreement by the end of the year on a way to resolve failed banks at a European rather than a national level, signaling work should go on despite German objections ahead of elections in September. German Chancellor Angela Merkel cast doubt on...
What taxpayer bailouts? Euro crisis saves Germany money
May 03, 2013 12:59 AM
BRUSSELS: Throughout Europe’s debt crisis, northern European leaders have often said that they will not stand for taxpayers having to fork out for other countries’ problems, and the notion of “taxpayer-funded bailouts” has taken root. Yet despite 3 1⁄2 years of debt...
Euro ministers back 10B euro Cyprus bailout
April 13, 2013 01:06 AM
DUBLIN: Eurozone finance ministers backed a 10 billion euro ($13 billion) bailout for Cyprus Friday and the European Commission said it would try to help the island’s economy grow again with better use of EU structural funds. The ministerial support opens the way for several eurozone...
EU ministers to tackle Cyprus fallout, banking union at Dublin talks
April 12, 2013 01:05 AM
DUBLIN: Fallout from the messy bailout of Cyprus will top the agenda of a two-day EU finance ministers’ meeting in Dublin beginning Friday, with focus also on growing German reluctance over eurozone banking reform. Unease surrounding the rescue package for Cyprus grew Wednesday after Reuters...
Eurozone to agree Cyprus bailout by end-March
March 06, 2013 02:08 AM
BRUSSELS: Eurozone finance ministers pledged Monday to agree a bailout for Cyprus by the end of March, but details of how the rescue will be financed are yet to be sorted out. Cyprus requested a bailout in June last year but it was not possible to reach an agreement with the last, communist-led...
Eurozone weighs Cyprus bailout, whether depositors should help pay
March 04, 2013 12:51 PM
BRUSSELS: Euro zone finance ministers will discuss how to fund a bailout of Cyprus on Monday with differing views on whether to make bank depositors pay a share of the cost.No final decisions are expected until later in March.Cyprus first requested a bailout in June last year but it was not...

Baabda 2014
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Pictures of the day
A selection of images from around the world- Wednesday, April 23, 2014
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Rami G. Khouri
Rami G. Khouri
Israel shows Zionism’s true colors
Michael Young
Michael Young
Why confuse gibberish with knowledge?
David Ignatius
David Ignatius
Echoes of 1914 characterize the Ukraine crisis
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