- Submitted by admin on Sat, 01/28/2012 - 7:16am
In a pre-emptive strike on the European Union, Iran is set to immediately halt exports to the region in advance of the oil embargo imposed on it, der Spiegel reports.
The European Union sanctions on Iranian oil, announced earlier this week, will only come into effect on July 1, in an attempt to give countries time to look for alternate sources.
- Submitted by admin on Thu, 11/10/2011 - 7:32am
Under pressure from markets and leaders across Europe, Italian Prime Minister Silvio Berlusconi made a conditional offer Tuesday to resign once his country's parliament agreed to austerity and reform measures demanded by its European Union partners. The move follows a dramatic worsening of the country's debt crisis.
- Submitted by millennialrising on Wed, 06/01/2011 - 8:07am
Impressive! More than 100,000 Greeks gathered in front of the Parliament at Syntagma Square to protest the austerity measures and express their discontent about the politicians. Ã¢â‚¬ÂIndignantsÃ¢â‚¬Â from all ages and social classes without political parties and ideologies joined their voices chanting Ã¢â‚¬Å“ThievesÃ¢â‚¬Â, Ã¢â‚¬Å“TraitorsÃ¢â‚¬Â and Ã¢â‚¬Å“Shoo!Ã¢â‚¬Â. In an unprecedented gathering of crowds Syntagma square and the surrounding streets were so full that the metro suspended its operation at 8.20 p.m. because the passengers could not come out of the station.