Posted by seumasach on June 27, 2013
La résistance de la Syrie, un casse-tête sans solution pour l’Occident
Ghaleb Kandil
24th June, 2013
La guerre universelle menée par Barack Obama contre la Syrie est entrée dans une nouvelle phase après une remobilisation des moyens sous l’égide de l’Arabie saoudite et de la France. La répartition des rôles a eu lieu à la réunion de Doha.
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Posted by seumasach on June 27, 2013
26th June, 2013
The second USA-Russia-UN meeting, which was held on 25 June 2013 in Geneva, was no more successful than the one held on 5 June: Participants parted without fixing a date for “Geneva 2” or drawing up the list of participants.
Posted in Syria | Tagged: Geneva II conference | Leave a Comment »
Posted by seumasach on June 27, 2013
“Bail-in is now the rule,” Ireland’s finance minister, Michael Noonan, said. The rules put an end to moral hazard by making it clear that banks would suffer before the government might come in to help, if at all, he said. “This is a revolutionary change in the way banks are treated.”
27th June, 2013
The European Union has struck a deal on rules establishing who will pay for future bank bailouts without taxpayers having to foot the bill.
Posted in Battle for Europe | Tagged: bail-in, european banking union, european construction | Leave a Comment »
Posted by seumasach on June 27, 2013
The main resolution measures would include:
– the sale of (part of a) business;
– establishment of a bridge institution (the temporary transfer of good bank assets to a publicly controlled entity);
– asset separation (the transfer of impaired assets to an asset management vehicle)
– bail-in measures (the imposition of losses, with an order of seniority, on shareholders and unsecured creditors).
These measures lay the basis for Eurozone control of a banking system purged of its bad bebts, the costs to be met by shareholders and bondholders rather than the taxpayer. It marks the end of the bailouts of the banks. It will be interesting to see the response of the British government: they will not be able to veto it.
27th June, 2013
The Council today1 set out its position on a draft directive establishing a framework for the recovery and resolution of credit institutions and investment firms (11148/1/13 REV 1).
Posted in Battle for Europe, Financial crisis | Tagged: EU bank rescue rules, no more bombing!-no more bailouts!, stop the bailout | Leave a Comment »
Posted by seumasach on June 27, 2013
26th June, 2013
Telkalakh, 26 June (AKI) – The Syrian army backed by pro-government militia have overrun the strategic western town of Telkalakh, close to the Lebanese border, an opposition watchdog reported on Wednesday.
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Posted by seumasach on June 27, 2013
For all the huff and puff the Americans understand that the options they face are regional, possibly global war or the Geneva II peace conference. Uncharacteristically all options are not on the table.
27th June, 2013
More than 100,000 people have been killed in Syria’s uprising, according to the Syrian Observatory for Human Rights.
The death toll from the civil war is now 100,191 people, it said.
Violence raged as US Secretary of State John Kerry ruled out a military solution for Syria and called for a settlement based on last year’s Geneva peace plan.
Posted in Global peace process, Syria | Leave a Comment »
Posted by seumasach on June 27, 2013
26th June, 2013
Dubai: Iranian Foreign Minister Ali Akbar Salehi on Wednesday urged Qatar’s new Emir Shaikh Tamim Bin Hamad Al Thani to revise his country’s policy of backing Syrian rebel groups.
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Posted by seumasach on June 27, 2013
26th June, 2013
Baghdad (IraqiNews.com) MP Aliya Nusaiyf of the Hurra Iraqiya Slate called the parliament to demand the Arab League and the Islamic Conference Organization to pressurize Qatar and prevent it from arming the armed groups in Syria.
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Posted by seumasach on June 27, 2013
Davutoğlu and Lavrov discuss Syria in phone conversation, agree to meet
27th June, 2013
Turkish Foreign Minister Ahmet Davutoğlu had a phone conversation with his Russiancounterpart, Sergey Lavrov, June 26 as preparations for the Geneva II conference to find a path to a solution for the deadlock in Syria are ongoing.
Posted in Syria | Tagged: Russian diplomacy | Leave a Comment »
Posted by seumasach on June 26, 2013
“I believe that key Federal Reserve officials are begrudgingly coming to terms with the reality that the risks of ongoing huge QE outweigh the rewards.”
Doug Noland
24th June, 2013
It was a rout: emerging markets, Treasuries, municipal bonds, mortgage-backed securities (MBS), commodities and even some stocks. The hours leading up to Wednesday’s statement by the Federal Open Market Committee and Federal Reserve chairman Ben Bernanke’s press conference provided good television drama. CNBC’s Rick Santelli offered one of the better rants in a while: “Ben, what are you afraid of?” Mr Santelli returned minutes later with a provocative back and forth with Wall Street Journal Fed-watcher John Hilsenrath.
Posted in Financial crisis | Tagged: QE3, quantitative easing | Leave a Comment »
Posted by seumasach on June 25, 2013
25th June, 2013
BETHLEHEM (Ma’an) — Fatah on Monday criticized Hamas leader and PLC speaker Aziz Dweik for taking sides in the Syrian conflict.
Posted in Syria | Tagged: Muslim Brotherhood | Leave a Comment »
In These New Times 