The National Bank of Greece has issued a report ahead of the country’s June 17th elections that says if those elected choose to remove Greece from the euro it could have catastrophic impact upon the nation’s economy.
The bank stated the risk of the country exiting the euro has become more than a theoretical possibility. Continue reading
The United Nations is reporting that on the heels of the Houla massacre observers have found 13 shooting victims apparently executed outside the city of Deir al-Zour.
The men were found with their hands bound behind their backs with most shot in the head. UN leadership in the country is characterizing the actions as an “appalling and inexcusable act.” Continue reading
Following the government slaughter of 49 children and 34 women in Houla, Syria, several Western nations have announced they are expelling Syrian diplomats. The United States, UK, France, Germany, Spain, Canada, Italy and Australia have announced they were ordering Syrian diplomats to leave their countries.
The United Nations has issued a report that says the women and children were summarily executed by the government forces. Continue reading
Three Spanish savings banks are considering a merger to try and strengthen themselves against the amplifying debt crisis in the country.
The three boards of each bank are meeting today to determine the fate of the merger.
The merger comes amid news that investors are fleeing the Spanish markets as the bond yields for Spanish bonds rose to an all time high. Investors appear to be running to Germany as an influx of investment capital drove the German bond yields significantly lower. Continue reading
At least 15 people died and thousands have been left homeless by a 5.8 magnitude earthquake in the Emilia region of Italy. The quake struck at 9:03 a.m. local time sending residents and business employees racing into the street to avoid crumbling buildings.
There are multiple reports of people trapped beneath toppled buildings. Continue reading
The Greek government gave 18 billion euros to its four biggest banks in an attempt to allow the banks access to European Central Bank funds.
Two government officials told Reuters that the government is trying to revive the country’s falling tax revenue but that it has a 3 billion euro fund remaining from the country’s first bailout to pay bills should the tax revenue not recover. Continue reading
A targeted cyber attack has been discovered that was collecting sensitive information from nations like Israel according to researchers from Russian security firm Kaspersky Labs.
The company said the attack was state-sponsored but could not be completely sure of the exact country of origin.
The attack, called Flame, appears not to cause damage to the machines it infects so most users are not aware of the infection. Continue reading
At least 47 children were among the 108 murdered by Syrian government troops in the town of Houla. Witnesses told the BBC that the killings were carried out by the Syrian army and civilian militia working with the troops.
“They had no mercy,” opposition activist Hamza Omar told the BBC. “Children, under 10 years, their hands tied and shot at close range. By knife they cut their neck, not exactly all his neck, but they make a hole in the neck, a hole in his eyes.” Continue reading
A Muslim soldier was convicted Thursday on six charges related to a terror plot to kill American troops at a Texas restaurant.
Jurors deliberated just over an hour before finding Pfc. Naser Jason Abdo guilty of charges including attempting to use a weapon of mass destruction. He faces up to life in prison when sentenced in July. Continue reading
Bankia, Spain’s fourth-largest bank, has suspended trading of its shares as the board of directors plans to reformulate accounts for 2011 and then ask the government for a bailout of more than 15 billion euros.
The bank was partly nationalized two weeks ago and had the government inject 4.5 billion euros into the bank. Continue reading
