European Salon de News, Discussion et Klatsch - 19 March

by Fran
Thu Mar 18th, 2010 at 05:01:04 PM EST

 A Daily Review Of International Online Media 


Europeans on this date in history:

1946 – Birth of Bigas Luna, a Spanish film director. He is esteemed as an atypical director in the Spanish cinema, in 1986 he retired to Tarragona in order to devote his time to painting.

More here and here

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Ad astra per aspera

by In Wales (inwales aaat eurotrib.com) on Thu Mar 18th, 2010 at 02:32:10 PM EST
EUobserver / EU bid to join human rights convention poses tricky questions

EUOBSERVER / BRUSSELS - The European Union has taken the first step on the path to signing up to the European Convention on Human Rights (ECHR), a move that supporters say will mark the completion of human rights protection in the EU.

All member states have signed up to the ECHR, a 1950 international treaty guaranteeing a series of rights, including freedom of thought, speech, assembly and religion and governed by the European Court of Human Rights in Strasbourg.



Ad astra per aspera
by In Wales (inwales aaat eurotrib.com) on Thu Mar 18th, 2010 at 02:34:49 PM EST
[ Parent ]
EUobserver / Brussels press corps shaken by declining numbers

EUOBSERVER / BRUSSELS - Shaken by a sharp drop in the size of the Brussels press corps in the last few months after years of steady attrition, the European capital's foreign press association is anxious that action be taken to stem the decline.

From a high point of 1,031 journalists in 2005, making it the biggest foreign press corps in the world, the number of reporters has steadily dropped down to between 860 and 935 today.



Ad astra per aspera
by In Wales (inwales aaat eurotrib.com) on Thu Mar 18th, 2010 at 02:35:14 PM EST
[ Parent ]
EUobserver
The EU court in Luxembourg has ruled that peepshow booths cannot benefit from reduced VAT rules designed for cinemas. The ruling, in a case brought by the Erotic Center in Belgium, said the VAT breaks cannot be applied to viewing "films, or extracts from films, in private cubicles."


Ad astra per aspera
by In Wales (inwales aaat eurotrib.com) on Thu Mar 18th, 2010 at 02:37:49 PM EST
[ Parent ]
EUobserver
EU commission chief Barroso urged Georgia's government to avoid exacerbating regional tensions after a Georgian television station caused panic by airing a fake news report about Russian forces heading for the capital Tbilisi."I am concerned by recent reports of a hoax news item in Tbilisi," he said


Ad astra per aspera
by In Wales (inwales aaat eurotrib.com) on Thu Mar 18th, 2010 at 02:38:31 PM EST
[ Parent ]
EUobserver
ECB chief Jean-Claude Trichet has rejected the idea of a country leaving the eurozone, an idea floated by Germany. "I have always said that I do not comment on absurd hypotheses." "Entering the eurozone is a major decision. It is not an a-la-carte membership," he told Le Point magazine on Monday.


Ad astra per aspera
by In Wales (inwales aaat eurotrib.com) on Thu Mar 18th, 2010 at 02:39:14 PM EST
[ Parent ]
France24 - Nicolas Sarkozy pledges a "merciless" campaign against ETA
AFP- France on Thursday vowed a "merciless" campaign to stamp out ETA on its soil after a member of the Basque separatist group was accused of shooting dead a French policeman.
   
"The mobilisation of the French police and gendarmes against this terrorist organisation will be total and merciless," Sarkozy said after meeting the family of the 52-year-old officer who was gunned down on Tuesday.
   
"Let no one imagine that the territory of the French republic is a quiet rear-base for the terrorists and assassins who kill, as ETA has shown it can for decades," he said in Damarie-les-Lys, scene of the shooting southeast of Paris.


Ad astra per aspera
by In Wales (inwales aaat eurotrib.com) on Thu Mar 18th, 2010 at 02:42:25 PM EST
[ Parent ]
Incidentally, ETA has been trying to set up a base of operations in Portugal for some time now...

The brainless should not be in banking -- Willem Buiter
by Migeru (migeru at eurotrib dot com) on Fri Mar 19th, 2010 at 05:03:06 AM EST
[ Parent ]
The vote that set the course for German reunification | Germany | Deutsche Welle | 18.03.2010

March 18, 1990, saw the first free elections to the East German parliament. After its foundation 40 years earlier, the communist German Democratic Republic (GDR) for the first time gave its people the opportunity to express their opinions at the ballot box. The result was overwhelming support for a quick road to reunification - and an end to East Germany as a state.

"The March 18 elections in effect were a referendum on German reunification," said historian Andreas Apelt. As soon as the result was in, it was clear that East Germany would soon cease to exist."

"The vote determined the path the country would embark on. And that path clearly led towards a united Germany," said Apelt, who was an East German civil rights activist in 1990 and ran in the elections himself.

"It was this day that marked the end of the so-called 'dictatorship of the proletariat'," German Chancellor Angela Merkel recalled. "It was the final victory of the peaceful revolution."



Ad astra per aspera
by In Wales (inwales aaat eurotrib.com) on Thu Mar 18th, 2010 at 02:47:29 PM EST
[ Parent ]
Three jailed in Auschwitz theft | Europe | Deutsche Welle | 18.03.2010

A Polish court has convicted three of the five men who stole the "Arbeit Macht Frei" from the Auschwitz memorial site in December.

The three Polish men, two of whom are brothers, were sentenced to prison terms from 18 months to two and a half years. They were also each fined 10,000 zloty (2,580 euros, $3,530).

Two other men, said to have established contact with the Swedish alleged mastermind of the plot, are still waiting for their trial to begin.



Ad astra per aspera
by In Wales (inwales aaat eurotrib.com) on Thu Mar 18th, 2010 at 02:48:16 PM EST
[ Parent ]
Turkey threatens to expel thousands of Armenians | Europe | Deutsche Welle | 18.03.2010

Turkey's Prime Minister Tayyip Erdogan threatened the future of thousands of Armenian illegal immigrants currently living in Turkey on Tuesday.

"There are currently 170,000 Armenians living in our country. Only 70,000 of them are Turkish citizens, but we are tolerating the remaining 100,000," Erdogan said while speaking on the BBC Turkish service on Tuesday.

"If necessary, I may have to tell these 100,000 to go back to their country because they are not my citizens. I don't have to keep them in my country," he added.



Ad astra per aspera
by In Wales (inwales aaat eurotrib.com) on Thu Mar 18th, 2010 at 02:48:38 PM EST
[ Parent ]
Government refuses to publish criticism of new guidelines on overseas torture | World news | guardian.co.uk

The government is locked in a serious and bitter dispute with the parliamentary body set up to monitor MI5 and MI6 over the guidelines covering the torture and abuse of detainees held abroad, the Guardian has learned.

The dispute, compounded by a row about plans for more effective overall scrutiny of MI5, MI6 and GCHQ, has added significance since it has been sparked by a group of senior MPs and peers handpicked by the prime minister.



Ad astra per aspera
by In Wales (inwales aaat eurotrib.com) on Thu Mar 18th, 2010 at 02:56:53 PM EST
[ Parent ]
Yea, cos an unpublished and therefore unmonitored  guideline is a lot easier to s t r e t c h than one rigorously checked.

keep to the Fen Causeway
by Helen (lareinagal at yahoo dot co dot uk) on Thu Mar 18th, 2010 at 05:50:10 PM EST
[ Parent ]
Bring back the brothel, says female French MP | World news | guardian.co.uk

France must bring back the brothel to protect its prostitutes from exploitation, trafficking and aggression in the street, an MP from Nicolas Sarkozy's rightwing party has said.

Chantal Brunel, a member of the ruling UMP, called on French authorities to study the possibility of legalising centres where sex workers could serve clients within a regulated and protected framework.

It was time, she said, to move away from attempts to stamp out prostitution and instead focus on making the sex trade more safe and transparent.



Ad astra per aspera
by In Wales (inwales aaat eurotrib.com) on Thu Mar 18th, 2010 at 02:58:05 PM EST
[ Parent ]
I welcome the move away from moralistic posing. however I would note that nobody has yet found a good way forward and this requires a lot more planning than some easy soundbite for headlines

keep to the Fen Causeway
by Helen (lareinagal at yahoo dot co dot uk) on Thu Mar 18th, 2010 at 05:51:53 PM EST
[ Parent ]
I welcome the move away from moralistic posing. however I would note that nobody has yet found a good way forward and this requires a lot more planning than some easy soundbite for headlines

In NZ, prostitution has been legal, and as a result, safe, for around five years.  Our biggest problem is moralistic city councils trying to abuse planning law to prevent people running brothels - something they have fortunately failed at.  See wikipedia for details.

by IdiotSavant on Fri Mar 19th, 2010 at 01:02:17 AM EST
[ Parent ]
However, has there ever been significant human trafficking to NZ? The 'making' of prostitutes is the darkest side of prostitution in Europe, and from what I read, brothels don't stop 'sex trade'.

*Traitor*, n.
A benighted individual who perceives an illusory distinction between serving his nation and abetting the criminals who govern it.
by DoDo on Fri Mar 19th, 2010 at 06:04:12 AM EST
[ Parent ]
should not be confused (something the article suggests) with offering prostitutes protection from poor treatment (aggression from street thugs, sex slavery, drug addiction etc.).

Trafficking, and illegal prostitution, will occur even when prostitution is legal.

The difference in legal prostitution is that it will offer protection from the state and will reduce, but not stop, sex trafficking. There is increasing EU-wide cooperation between police forces on this subject, but it is a fairly new type of crime fighting. But at least efforts and time can be increasingly concentrated on this subject when prostitution is legalised, instead of wasting time on the ideological pursuit of eradicating sex workers altogether...

by Nomad on Fri Mar 19th, 2010 at 11:21:55 AM EST
[ Parent ]
Lord Ashcroft affair: Pressure builds on Hague over secret non-dom deal | Politics | guardian.co.uk

William Hague was said to be aware 10 years ago of a deal struck by senior Tories that eventually resulted in Lord Ashcroft secretly remaining a non-dom after obtaining his peerage, according to official documents released today.

Hague, the former leader of the Conservative party who had been lobbying for the billionaire to secure a seat in the House of Lords, has repeatedly insisted that he was only told earlier this year that Ashcroft was a non-dom, and therefore not paying full UK tax on all his earnings.

But previously confidential parliamentary correspondence published today showed that Hague's chief whip, James Arbuthnot, was instrumental in lobbying for Ashcroft not to have to give up tax privileges on his massive overseas earnings - despite assurances given by Hague that he would pay "tens of millions" to the Treasury.

The papers also include a letter from Arbuthnot which suggests that Hague was fully aware of the deal between the Cabinet Office and Ashcroft.



If you're not part of the solution, you're part of the precipitate.
by ceebs (ceebs (at) eurotrib (dot) com) on Thu Mar 18th, 2010 at 08:51:14 PM EST
[ Parent ]
Greece: The implosion of the systemic crisis , TAKIS FOTOPOULOS, The International Journal of INCLUSIVE DEMOCRACY, Vol. 5, No. 4 (Autumn 2009)

PASOK ―today under the leadership of George Papandreou (offspring of the Papandreou dynasty of the centre-"Left") was the "perfect" choice for the elites, as this party has governed Greece, in turns with the Karamanlis dynasty of the centre-Right, during the entire post-junta period that followed the fall of the military dictatorship in 1974. In fact, these two dynasties, initially under the tutelage of the British and then of the US elite, and, lately, under that of the transnational elite, have been the main players of the Greek political scene for the entire post-war period, which began with the end of the Greek Civil War in the late 1940's. However, the very fact that PASOK managed to gain a comfortable parliamentary majority (thanks to an electoral system that blatantly favours the first party in number of votes), in reality, sowed winds which, most likely, will, soon, reap whirlwinds. This is because the bipartisan system in Greece is not based on any solid foundations. An indication of this is the fact that, while in Europe, neo-liberal parties alternate with social-liberal ones (which have, long ago, abandoned even the socialist rhetoric) on the basis of a clear agenda that summarises the demands of neo-liberal globalisation, in Greece, both parties, and especially the social-liberals, systematically hide their true identity! When therefore, the true identity of PASOK is being revealed today, following the harsh measures it is introducing to deal with the crisis, its electoral base is in fact being dismantled and the result may well be the future dissolution not just of PASOK but of the entire bipartisan system in Greece.


It is clear that the same, more or less policies, with perhaps small variations on the actual fiscal measures to be introduced, would have been adopted by whatever party was elected, given the main goal imposed by the European Monetary Union (EMU) on all member-states for the reduction of the public debt to meet the Maastricht Treaty
criteria. The "choice" given by the elites to the Greek people was clear: either to re-elect the previous governing party (New Democracy) with an explicit new mandate to implement the savage cuts in social spending suggested by the EU commission and international organisations, or to elect a party (PASOK) which was in fact deceiving the electorate that it could somehow avoid the suggested savage cuts ―in other words, a party that was, in fact, relying on its socialist name and its control of trade union bureaucracies to pass exactly the same policies! The method has been, after all, successfully tested for many years by the British Labour party, with the full support of the elites in Britain. It is therefore obvious that PASOK aspires to play exactly the same role now, with the full support of the local elites, which played a crucial role in its rise to power.



"Two wrongs don't make a right, but three lefts do." Jim Hightower
by melo (melometa4(at)gmail.com) on Fri Mar 19th, 2010 at 03:06:16 AM EST
[ Parent ]
European Parliament: Time to end "opportunistic speculation", Greek Prime Minister Papandreou tells MEPs (18-03-2010)
Countries all over the world are still struggling to emerge from the worst global recession since the 1930s. Yet this crisis should be seen as an "opportunity for deep changes to make the economy we both, Greeks as well as Europeans, can be proud of," George Papandreou told Parliament's Special Committee on the Economic, Financial and Social Crisis (CRIS) on Thursday.

Addressing a public hearing on European economic governance and EU tools for economic and social recovery, the Greek prime minister explained that Greece, in the throes of an "acute crisis", was introducing the "most difficult measures since World War II to put our house in order".  Despite this, Greece was not asking the EU for help, pointed out CRIS chair Wolf Klinz (ALDE, DE), who referred to the EU finance ministers' decision last Tuesday to back the "very challenging austerity measures" put forward by Athens.

"We are not looking for a scapegoat nor asking for help to live from the wealth of others but what we do need is strong political support to make all these reforms and to make sure we will not have to pay more than is necessary," said Mr Papandreou. He added that Greece needed "to be able to borrow at rates which are normal". Calling for an end to "opportunistic speculation", he also warned that if the Greek government kept borrowing at such high interest rates, it would not be able to sustain the deficit reduction.

"We are really shocked that those who had to be bailed out with taxpayers' money used the first opportunity to speculate against the euro to make a profit," said Wolf Klinz to wide applause. "We need more Europe rather than less Europe," stressed Papandreou. The time had come "to put the loaded gun on the table", to make sure the markets would respond positively. In this context, Greece could provide an opportunity to deal with the issue of speculation in the EU and also at global level. Agreeing with a reported statement by Dominique Strauss-Kahn during his visit to the European Parliament the previous day, Mr Papandreou insisted "we must not lose the opportunity to fix the global financial system".

All of the measures Greece had taken reflected its commitment to protect the stability of the common European currency, said the prime minister. But Europe needed to recognise that the measures put in place, and those still to come, would need a certain time to take effect. "Change cannot be executed as swiftly as credit default swaps," said Mr Papandreou.

Changes needed in EU policy?

Among MEPs who spoke, Theodoros Skylakakis (EPP, EL) and Pascal Canfin (Greens/EFA, FR) asked about reforms to the Stability and Growth Pact and whether it should be made stricter or more flexible. Mr Papandreou replied that the EU should look at the "institutions which are missing in this project". He urged "more coordination and supervision" to ensure that countries with problems also received support, not just punishment. Otherwise there would be a failure not only of the country concerned but of the system as a whole.

"We all say that there are plenty of instruments but nobody respects them because there is nobody at the helm" of the EU, said CRIS rapporteur Pervenche Berès (S&D, FR), who believed the measures put forward by Greece "merit admiration".

Nikolaos Chountis (GUE/NGl, EL) asked the prime minister whether there was a specific support plan being prepared by the EU to assist Greece and whether such a plan would also help the EU pull out of recession. "I would prefer a European solution to be able to show to the world that Europe can act together," said Mr Papandreou, "rather than turning us to International Monetary Fund".

According to Mario Borghezio (EFD, IT), the "excessively draconian measures contribute to agony" of Greece. He asked if the Greek government had considered the option of devaluation. Papandreou rejected this idea as it would in his view send the wrong signals.

Calls for more economic policy coordination and a "system of conditional assistance"

Several academics also took part in the discussions. According to Loukas Tsoukalis, Jean Monnet Professor of Integration at the University of Athens, and President of Eliamep (Hellenic Foundation for European and Foreign Policy), the Stability and Growth Pact "has become more and more flexible, to put it diplomatically". He called for the European dimension of European Monetary Union to be strengthened, partly by "closer and increasingly binding coordination of national economic policies with incentives and sanctions".

Speaking of lessons to be learned from the crisis, Jean Pisani-Ferry, Professor of Economics at the University of Paris-Dauphine and fellow of the Bruegel institute, pointed to the lack of a crisis management regime in the eurozone. "Greece is doing the IMF programme without IMF money", he said, adding that due to the "principle of no co-responsibility for public debt" and "no assistance principle", the EU could not provide help within the eurozone. But as there is room for assistance, the EU should put in place a "system of conditional assistance," he argued.

Next steps

The experts' input will feed into further discussion among MEPs and the report by Special Committee rapporteur Pervenche Berès. The draft report is to be presented on 17 May, with the deadline for amendments set for 1 June. The vote on the report in committee is scheduled for 13 July, with a plenary vote to follow in September II.



The brainless should not be in banking -- Willem Buiter
by Migeru (migeru at eurotrib dot com) on Fri Mar 19th, 2010 at 05:38:57 AM EST
[ Parent ]
BBC.
Gen Sheehan had been speaking at a US Senate hearing on allowing gay people to serve openly in the US military. He said Dutch leaders had told him that the presence of gay soldiers had contributed to the Bosnian massacre.

[...]

Gen Sheehan said the former chief of staff of the Dutch army had told him that the presence of openly gay soldiers in the Dutch peacekeeping force were seen as "part of the problem" which contributed to the fall of Srebrenica.

by gk (g k quattro due due sette "at" gmail.com) on Fri Mar 19th, 2010 at 03:35:01 AM EST
[ Parent ]
Really ? I hope some enterprising journo goes to that Dutch guy and finds out exactly how that happened and get corroboration from others. Cos it could just be that he's a homophobic a-hole too.

keep to the Fen Causeway
by Helen (lareinagal at yahoo dot co dot uk) on Fri Mar 19th, 2010 at 04:55:12 AM EST
[ Parent ]
The "Dutch guy" seems to have been conveniently unnamed...
by gk (g k quattro due due sette "at" gmail.com) on Fri Mar 19th, 2010 at 04:59:22 AM EST
[ Parent ]
Tausendfache Steuerfahndung | Süddeutsche | 19.3.10
In einem der vermutlich größten Steuerskandale der Republik müssen in den nächsten Wochen etwa 1100 Verdächtige mit Hausdurchsuchungen rechnen. Die nach dem Ankauf einer CD mit Bankdaten der Schweizer Credit Suisse zuständigen Ermittlungsbehörden in Nordrhein-Westfalen haben alle Akten zusammengestellt und einen Großteil der Unterlagen an die Steuerbehörden anderer Bundesländer verschickt.

Die meisten Verfahren werden sich nach einer ersten Sichtung vor allem gegen Steuerbetrüger aus Bayern, Baden-Württemberg, Nordrhein-Westfalen, Hessen und Rheinland-Pfalz richten. In internen Schätzungen kamen Beamte vor Wochen zu dem Ergebnis, dass bis zu 400 Millionen Euro Nachsteuern fällig werden.

The authorities have analyzed the data on the stolen Credit Suisse CD, and will start house searches next weeks. Around 1100 suspects, estimated taxes due are 400 million. Suspects are mainly in Bavaria, Baden-Württemberg, NRW and Rhineland-Palatinate.
by gk (g k quattro due due sette "at" gmail.com) on Fri Mar 19th, 2010 at 02:35:41 PM EST
[ Parent ]
 ECONOMY & FINANCE 


Ad astra per aspera
by In Wales (inwales aaat eurotrib.com) on Thu Mar 18th, 2010 at 02:32:28 PM EST
EUobserver / Germany switches to support IMF aid for Greece

EUOBSERVER / BRUSSELS - Germany has performed a dramatic u-turn and now says it would support International Monetary Fund aid for Greece, were it requested

"We see no need for immediate action now. Greece has not asked for aid," a German source working closely on the subject told EUobserver on Thursday (18 March). "In case the situation of Greece does get worse, Germany would be open for an IMF solution," the person added.



Ad astra per aspera
by In Wales (inwales aaat eurotrib.com) on Thu Mar 18th, 2010 at 02:34:29 PM EST
[ Parent ]
EUobserver / EU states too optimistic on growth, Brussels says

EUOBSERVER / BRUSSELS - The European Commission has said member state growth assumptions in budgetary plans submitted to Brussels are overly optimistic, suggesting upcoming national deficits could be worse than governments predict.

Commenting on Wednesday (17 March) on the member state plans - known as stability and convergence programmes in EU parlance - the commission also said several member states need to provided greater details on how they intended to rein in their runaway budgets.



Ad astra per aspera
by In Wales (inwales aaat eurotrib.com) on Thu Mar 18th, 2010 at 02:35:48 PM EST
[ Parent ]
EU says major powers are too 'optimistic' about deficit reduction | Europe | Deutsche Welle | 18.03.2010

Germany, France, Italy, Spain and Britain have all assumed stronger future economic growth than expected, according to the European Union's executive arm.

The European Commission, the EU's executive body, examined the long-term budget plans of 14 member states, and said in its report that in the majority of cases, growth assumptions were "rather optimistic" meaning that actual budgetary outcomes "might be worse than targeted."



Ad astra per aspera
by In Wales (inwales aaat eurotrib.com) on Thu Mar 18th, 2010 at 02:48:59 PM EST
[ Parent ]
EUobserver
EU commission chief Barroso Wednesday said Greece is "on track" to achieve "the ambitious target of 4% deficit reduction in 2010." Speaking after meeting Greek PM Papandreou, Barroso said reinforced economic policy co-ordination and country surveillance proposals will be made at the end of March.


Ad astra per aspera
by In Wales (inwales aaat eurotrib.com) on Thu Mar 18th, 2010 at 02:38:08 PM EST
[ Parent ]
France24 - Greek PM urges EU partners to deliver clear debt support

REUTERS - Greece's prime minister warned on Thursday that Athens would not be able to make planned deficit cuts unless it can borrow money more cheaply and said he would prefer not to have to turn to the IMF for help.

Prime Minister George Papandreou told a committee in the European Parliament that austerity measures announced by the Greek government showed it was committed to the stability of the euro and that it would carry out necessary structural reforms.

"But if we keep borrowing at very high rates, and this is the challenge we have, we cannot sustain the deficit reduction that these hard measures aim to achieve," he said. "We should be able to borrow at rates that are normal."



Ad astra per aspera
by In Wales (inwales aaat eurotrib.com) on Thu Mar 18th, 2010 at 02:43:00 PM EST
[ Parent ]
Greece may look to IMF for bailout | Europe | Deutsche Welle | 18.03.2010

Germany would back a bailout from the International Monetary Fund for debt-stricken Greece, government sources said Thursday, though stressing it has not yet come to that.

"We would be open to an intervention from the IMF if that should become necessary," a spokesman from the finance ministry, who asked not to be identified, told Agence France-Presse. "The government's position has not changed and remains as follows: the issue of financial aid to Greece has not arisen and there is no need to take a decision."



Ad astra per aspera
by In Wales (inwales aaat eurotrib.com) on Thu Mar 18th, 2010 at 02:47:54 PM EST
[ Parent ]
EUobserver
Up to 1.2 million jobs could be lost in the EU by 2015 if online piracy continues at its current rate, reports The Guardian, citing a study backed by the EU and trade unions. In 2008, the creative industries accounted for almost 7% of the EU's GDP and they employ 6.5% of the EU workforce.


Ad astra per aspera
by In Wales (inwales aaat eurotrib.com) on Thu Mar 18th, 2010 at 02:39:32 PM EST
[ Parent ]
Railway Gazette: All systems go as Gautrain prepares for World Cup opening

SOUTH AFRICA: Test running has started in earnest on the 20 km first phase of the Gautrain line between Sandton and OR Tambo International Airport. Opening has been set for June 8, subject to a final technical 'go/no-go' decision in April.

The original timescale would have seen the Bombela consortium complete Phase 1 by June 27. However, after the project began South Africa was selected to host the FIFA World Cup, and the provincial government was keen to see the opening brought forward so that the line could handle some of the football traffic. The cost of accelerating the work was initially too high for the government, but agreement has been reached to launch a reduced-scope service at no extra cost.

Phase 2 is scheduled for completion in 2011. Extending the line north from Sandton to Pretoria and Hatfield and south to Park station in Johannesburg, this will take Gautrain to 80 route-km.



*Traitor*, n.
A benighted individual who perceives an illusory distinction between serving his nation and abetting the criminals who govern it.
by DoDo on Thu Mar 18th, 2010 at 03:22:37 PM EST
[ Parent ]
Rather have me some 25NCs



keep to the Fen Causeway

by Helen (lareinagal at yahoo dot co dot uk) on Thu Mar 18th, 2010 at 06:00:37 PM EST
[ Parent ]
China's Exporters Hanging by a Thread?  Naked Capitalism

Has the Chinese export sector become hostage to WalMartization, the ability of powerful retailers to squeeze vendor profit margins? Reader Michael Q called our attention to a key remark in a Wall Street Journal story:

   Vice Commerce Minister Zhong Shan, in an exclusive interview Thursday ahead of a visit to the U.S., said that the profit margin on many Chinese export goods was less than 2%.

    Most exporters absorbed the appreciation in the value of the yuan that followed its revaluation in 2005 by boosting innovation and cutting costs, but many were forced to close, he said. A further rise in the currency's value would endanger more exporters' survival, which China can't afford, he said.

As Michael Q, who is an equity analyst, noted:

   2% margins on export-oriented businesses is not representative of any sort of real competitive advantage. A real competitive advantage when it comes to exporting would show double-digits profit margins. This whole sector is hanging by a thread...nearly none of the activity China has engaged in since the downturn is secular or self-sustaining.

Yves here. The implications for China are serious. First, this says that it perceives it has no room to revalue the RMB upwards. Not only are exporters politically powerful, but on a more mundane level, the regime has achieved social cohesion through a promise of rising prosperity. Too much unemployment would undermine the legitimacy of the governing classes.

But second, it also implies China cannot even tolerate much inflation. Remember, inflation will push up the price of good in local currency terms, which in a fixed peg currency regime, translates directly into price increases. Price increases from a country whose selling proposition is cheap prices would lead importers to look for substitutes in other emerging economies. A 2% margin not only says manufacturers have no room to cut prices, it also says they cannot afford much in the way of lost revenue.

This dynamic makes the idea floated on the blog earlier, that China might devalue the RMB , less radical than it might seem.


If Vice Commerce Minister Zhong Shan's claim regarding 2% margins is more than a negotiating ploy....watch out below!

One of WalMart's mottos is "Always lower prices!" Who could have foreseen that this might lead to world-wide deflation when relentlessly pursued by the world's largest and lowest cost retailer?

As the Dutch said while fighting the Spanish: "It is not necessary to have hope in order to persevere."

by ARGeezer (ARGeezer at eurotrib.com) on Fri Mar 19th, 2010 at 01:36:53 AM EST
[ Parent ]
This reform bill came out of the senate finance committee sporting a floor-length beard of mendacity. Now it is growing legs.

House Speaker Nancy Pelosi may be creating new grounds for a court challenge to the proposed U.S. health-care overhaul as she considers using a mechanism [!] that would avoid a vote [!] on the full legislation.

Pelosi said this week she might use a [NEW! IMRPOVED!] parliamentary technique that would "deem" House members to have passed the Senate's health-care plan by voting for a more politically palatable package of changes.

Some legal scholars question whether that approach can be squared with the Constitution and the Supreme Court's 1998 declaration that the two houses of Congress must approve "precisely the same text" before a bill can become a law.

"Any process that does not result in the House taking of yays and nays on statutory text identical to what passed the Senate is constitutionally problematic," said Jonathan Adler, a professor who runs the Center for Business Law & Regulation at Case Western Reserve University's law school in Cleveland.

The greatest obstacle to any challenge may be getting a court to consider the issue. In 2007, a federal appeals court in Washington rejected a similar attack on a Republican-backed package of tax and spending cuts, which because of a clerk's error had passed the House and Senate with different wording.

The three-judge panel said that, under an 1892 Supreme Court decision, courts can't second-guess [read: arrogate] congressional leaders [sic; quorum vote] when they certify that both houses have passed the same legislative language....

"There are a lot of people who don't want to vote for it [Baucus bill]," Pelosi said this week. "We will do what is necessary to pass a health-care bill [sic]."  

Read more...

That's what all the pretty autocrats say.

Possibly related posts:

ppt demagogery
legitimate "process arguments"
"illigitimate" process arguments
reconciliation tactics, reconciliation law

Diversity is the key to economic and political evolution.

by Cat on Fri Mar 19th, 2010 at 10:30:32 AM EST
[ Parent ]
Mr Freeze posted an informative article here. He copied pertinent sections of the Baucus bill. He created a graphic to illustrate unfunded liabilities, attributable to price discrimination by pre-existing condition of (guaranteed) insurance issue. That is the difference between appropriations to subsidize premium costs and received total annual US health care expenses (not particularly accurate --for wankers looking for illustrative "deficit savings" figures-- but sufficiently dramatic).

I mentioned the other day, reconciliation "pass-and-deem technique" would lock-in budget, i.e. appropriations, for a decade.

But this is my favorite, a leitmotif throughout the bill:

(5) RELATION TO STATE LAWS.-The standards
4 established under this section shall supersede any
5 State law or regulation (other than State licensing
6 laws or State laws relating to plan solvency) with re
7 spect to qualified high risk pools which are established
8 in accordance with this section.

Now. Is there a something-not-nothing advocate in the house? I need to know again how Congress is going to improve, correct, or modify such provisions after the bill is passed. Or how instead can I qualify for Medicaid until I'm eligible for Medicare?

Diversity is the key to economic and political evolution.

by Cat on Fri Mar 19th, 2010 at 10:57:06 AM EST
[ Parent ]
 WORLD 


Ad astra per aspera
by In Wales (inwales aaat eurotrib.com) on Thu Mar 18th, 2010 at 02:33:04 PM EST
EUobserver
A rocket fired from the Gaza strip on Thursday one hour after EU foreign relations chief Catherine Ashton entered the territory has killed a migrant worker of Thai origin in Israel's Negev region. Over 100 rockets have been fired from Gaza over the past year, Israeli media say.


Ad astra per aspera
by In Wales (inwales aaat eurotrib.com) on Thu Mar 18th, 2010 at 02:36:56 PM EST
[ Parent ]
France24 - Rocket attack mars EU foreign chief's Gaza visit

AFP - Palestinian militants fired a rocket into Israel from the Gaza Strip on Thursday, killing a Thai agricultural worker, while the European Union's foreign affairs chief was visiting the Hamas-controlled enclave.

The EU's top diplomat, Briton Catherine Ashton, had crossed into the Gaza Strip from Israel about an hour before the attack, the first deadly strike from the territory since the end in January 2009 of Israel's Gaza war.

An unknown Gaza group, Ansar al-Sunna, claimed responsibility for the attack, launched a day before the international Quartet of Middle East peace mediators was to meet in Moscow to discuss ways to revive Israeli-Palestinian talks.



Ad astra per aspera
by In Wales (inwales aaat eurotrib.com) on Thu Mar 18th, 2010 at 02:40:19 PM EST
[ Parent ]
EU should 'look and learn' in Middle East | Europe | Deutsche Welle | 18.03.2010
On her first tour of the Middle East, European Union foreign affairs chief Catherine Ashton visited Israel and the West Bank, as Palestinian rioters took to the streets in protests against Israeli settlement expansion plans. Deutsche Welle Israel correspondent Irris Makler explains what this means for EU-Israel relations and the EU's role in the peace process.


Ad astra per aspera
by In Wales (inwales aaat eurotrib.com) on Thu Mar 18th, 2010 at 02:49:29 PM EST
[ Parent ]
EUobserver
EP chief Buzek has hit out against Cuba's arrest of 30 people from the Damas de Blanco opposition group. "I urge the Cuban government to stop harassing people who protest for freedom," he said, noting that the EP has waited 5 years to hand the movement a prize, as its members cannot leave Cuba.


Ad astra per aspera
by In Wales (inwales aaat eurotrib.com) on Thu Mar 18th, 2010 at 02:37:17 PM EST
[ Parent ]
EUobserver
Nunavut, a region in north Canada, has voted to ban European alcohol in the northern Canadian territory in symbolic retaliation for an EU ban on seal products, AFP reported. However, the motion is unlikely to become law. The EU in July last year adopted a ban on seal products.


Ad astra per aspera
by In Wales (inwales aaat eurotrib.com) on Thu Mar 18th, 2010 at 02:38:55 PM EST
[ Parent ]
France24 - Woman known as 'Jihad Jane' pleads not guilty in US court
AFP - An American woman who called herself "JihadJane" pleaded not guilty Thursday in a Philadelphia court to recruiting terrorists.
   
Pennsylvania resident Colleen LaRose, 46, is charged with "conspiracy to provide material support to terrorists," among other charges.
   
She allegedly sought both male and female recruits, raised money and agreed to murder a Swedish cartoonist, pledging "only death will stop me," the indictment charges.


Ad astra per aspera
by In Wales (inwales aaat eurotrib.com) on Thu Mar 18th, 2010 at 02:41:25 PM EST
[ Parent ]
U.S. Jihad Jane pleads not guilty to terrorism | World | Reuters

PHILADELPHIA (Reuters) - A Pennsylvania woman who called herself "Jihad Jane" pleaded not guilty on Thursday to charges of providing material support to terrorists and conspiring to kill in a foreign country.

Colleen LaRose appeared in federal court in Philadelphia accused of plotting with others over the Internet to kill a Swedish cartoonist who depicted the Prophet Mohammed in a way that was offensive to Muslims, and of wanting to become a martyr to Islam.



Ad astra per aspera
by In Wales (inwales aaat eurotrib.com) on Thu Mar 18th, 2010 at 02:51:59 PM EST
[ Parent ]
France24 - Obama picks up new support ahead of key healthcare vote

REUTERS - President Barack Obama picked up support for healthcare reform on Wednesday from a prominent liberal and a group of Catholic nuns, who broke with bishops on the issue of abortion and urged passage of the overhaul.

Representative Dennis Kucinich, one of the most liberal members of Congress and a supporter of nationalized healthcare, became the first Democrat in the House of Representatives to switch from "no" to "yes" on the overhaul as it neared a likely final vote on Sunday.

"This is a defining moment for whether or not we'll have any opportunity to move off square one on healthcare," Kucinich said in announcing his switch two days after Obama lobbied him on an Air Force One flight to Kucinich's home state of Ohio.



Ad astra per aspera
by In Wales (inwales aaat eurotrib.com) on Thu Mar 18th, 2010 at 02:43:18 PM EST
[ Parent ]
France24 - Clinton slams Russian plans to start up Iran's reactor

REUTERS - Russia said on Thursday it would start up the reactor it is building at Iran's first atomic power plant in mid-2010, prompting immediate criticism from visiting U.S. Secretary of State Hillary Clinton. Prime Minister Vladimir Putin announced the startup, but Clinton said such a decision would be "premature" without Iranian assurances on its nuclear programme, which the West fears is aimed at producing atomic weapons.   Russia agreed to build the 1,000 megawatt reactor at Bushehr, on the Persian Gulf, 15 years ago, but delays have haunted the $1 billion project and diplomats say Moscow has used it as a lever in relations with Tehran.   "We continue work on developing atomic energy capacity both at home and abroad," Putin told a meeting on nuclear energy in the southern Russian city of Volgodonsk.   "The start-up of the first reactor of the Bushehr atomic power station is planned for this summer," he said.  



Ad astra per aspera
by In Wales (inwales aaat eurotrib.com) on Thu Mar 18th, 2010 at 02:45:08 PM EST
[ Parent ]
Maliki holds narrow lead in latest Iraq vote count | World | Reuters

BAGHDAD (Reuters) - Iraqi Prime Minister Nuri al-Maliki retained his narrow lead over secularist challenger Iyad Allawi Thursday as Iraq neared a final preliminary count of votes cast in a March 7 parliamentary election.

The tight race between the Shi'ite prime minister and Allawi, who was dominating largely Sunni provinces, was expected to lead to weeks or months of tense negotiations to form a new government as Iraq emerges from years of sectarian conflict.



Ad astra per aspera
by In Wales (inwales aaat eurotrib.com) on Thu Mar 18th, 2010 at 02:52:17 PM EST
[ Parent ]
Nigeria leader to choose new cabinet quickly - sources | World | Reuters

ABUJA (Reuters) - Nigeria's Acting President Goodluck Jonathan will nominate a new ministerial team by early next week, and is likely to reappoint around half the cabinet he has just sacked, presidency sources said Thursday.

Fast appointment of the ministers could do much to alleviate uncertainty in Africa's most populous nation after Jonathan dismissed the entire cabinet Wednesday, aiming to consolidate his authority a month after assuming executive powers.



Ad astra per aspera
by In Wales (inwales aaat eurotrib.com) on Thu Mar 18th, 2010 at 02:52:43 PM EST
[ Parent ]
Thai protesters vow prolonged rally to force elections | World | Reuters

BANGKOK (Reuters) - Protesters in Bangkok vowed on Thursday to prolong a mass anti-government rally to force Thailand's government to call elections, despite doubts the mainly rural movement had what it takes to sustain the rally.

On their fifth day on Bangkok's streets, the red-shirted protesters called for a "class war" and threatened to make life unbearable for Prime Minister Abhisit Vejjajiva after splashing blood on the gates of his home and office, forcing him to sleep in a military base and preventing him from attending parliament.



Ad astra per aspera
by In Wales (inwales aaat eurotrib.com) on Thu Mar 18th, 2010 at 02:53:18 PM EST
[ Parent ]
by In Wales (inwales aaat eurotrib.com) on Thu Mar 18th, 2010 at 02:33:21 PM EST
France24 - UN body rejects ban on trading bluefin tuna
AFP - The UN body overseeing commerce in endangered wildlife on Thursday rejected a proposal to outlaw international trade in eastern Atlantic and Mediterranean bluefin tuna, a sushi mainstay in Japan.
   
The controversial proposal for so-called Appendix I status was quashed with 68 votes against, 20 in favour and 30 abstentions at a meeting in Doha of the Convention on International Trade in Endangered Species (CITES).
   
The measure would have needed the support of two-thirds of the nations present to pass.


Ad astra per aspera
by In Wales (inwales aaat eurotrib.com) on Thu Mar 18th, 2010 at 02:40:56 PM EST
[ Parent ]
by In Wales (inwales aaat eurotrib.com) on Thu Mar 18th, 2010 at 02:33:44 PM EST
Drug-resistant TB killed 150,000 in 2008-WHO | Reuters
WASHINGTON, March 18 (Reuters) - Multiple drug-resistant tuberculosis killed 150,000 people in 2008 and infects between 400,000 and 500,000 people globally, according to World Health Organization estimates released on Thursday.

WHO said the numbers suggest the hard-to-treat infection is spreading and said there is an urgent need for countries to set up labs to fight it.

So-called MDR-TB is especially common in Russia, Tajikistan, China and India, WHO said in a report. It said an especially hard-to-treat form called extensively drug resistant TB or XDR-TB is also growing.

"Almost 50 percent of MDR-TB cases worldwide are estimated to occur in China and India. In 2008, MDR-TB caused an estimated 150,000 deaths," the WHO report said.


Ad astra per aspera
by In Wales (inwales aaat eurotrib.com) on Thu Mar 18th, 2010 at 02:53:44 PM EST
[ Parent ]
Anti-malaria funding must be tripled - campaigners | Reuters
PARIS, March 18 (Reuters) - Funding to combat malaria must be more than tripled if the mosquito-borne disease which kills nearly a million people a year is to be fought effectively, health campaigners said on Thursday.

Presenting a report covering the past decade, the Roll Back Malaria Partnership said a jump in financing had helped to contain the disease but more needed to be done.

"In all the countries where there is sufficient financing, we are reaching our goals," said Awa Marie Coll-Seck, executive director of the partnership, which is backed by the World Health Organisation.

Total annual global funding was about $2 billion at the end of 2009, far short of the estimated $6 billion required annually to expand the campaign, the partnership said.


Ad astra per aspera
by In Wales (inwales aaat eurotrib.com) on Thu Mar 18th, 2010 at 02:54:12 PM EST
[ Parent ]
Scientists hide gold with 3D invisibility cloak | Science & Health | Reuters

LONDON (Reuters) - German scientists have created a three-dimensional "invisibility cloak" that can hide objects by bending light waves.

The findings, published in the journal Science on Thursday, could in the future make it possible large objects invisible, but for now the researchers said they were not keen to speculate on possible applications.

"For now these...cloaking devices are just a beautiful and exciting benchmark to show what transformation optics can do," said Tolga Ergin of the Karlsruhe Institute of Technology.

Transformation optics use a class of materials called metamaterials that guide and control light.



Ad astra per aspera
by In Wales (inwales aaat eurotrib.com) on Thu Mar 18th, 2010 at 02:55:05 PM EST
[ Parent ]
U.S.-Russian duo returns to Earth from space station | Science & Health | Reuters

MOSCOW (Reuters) - A Russian Soyuz space capsule carrying a U.S. astronaut and a Russian cosmonaut from the International Space Station landed safely in Kazakhstan on Thursday.

The capsule -- ferrying Expedition 22 Commander Jeff Williams and Flight Engineer Maxim Suraev -- landed in the vast steppe near the town of Arkalyk in northern Kazakhstan as planned, Russia's Mission Control said.



Ad astra per aspera
by In Wales (inwales aaat eurotrib.com) on Thu Mar 18th, 2010 at 02:55:26 PM EST
[ Parent ]
FDA restricts tobacco marketing to kids | Global Industries | Health & Drugs | Reuters

WASHINGTON (Reuters) - U.S. health officials on Thursday sought to clamp down on the marketing of cigarettes to children and teenagers, issuing national limits on vending machine sales, free samples and taking other steps after a failed attempt more than a decade ago.

Under the U.S. Food and Drug Administration rules, tobacco companies such as Reynolds American Inc and Altria Group Inc's Philip Morris could no longer use brand names to sponsor sporting and other events or to sell merchandise such as hats and T-shirts.



Ad astra per aspera
by In Wales (inwales aaat eurotrib.com) on Thu Mar 18th, 2010 at 02:55:56 PM EST
[ Parent ]
Artists and academics regularly refused UK entry, say campaigners | UK news | guardian.co.uk

Artists, authors and academics from overseas are regularly being refused permission to enter the UK under the government's points-based visa system, according to a dossier of cases to be presented to Downing Street tomorrow.

Writers have been prevented from attending their book launches, painters deported for carrying their own works and a Pakistani band banned from attending the World Pipe Band championship in Glasgow, according to the civil rights group, Manifesto Club.

A petition opposing the visa restrictions is to be handed into the prime minister's office tomorrow. It has been signed by prominent figures, such as the sculptor Antony Gormley, the director of the National theatre, Nicholas Hytner, the lawyer Lady Kennedy and the poet Blake Morrison, as well as 10,000 others.

An accompanying dossier, naming those turned away over the past year, records their anger and disappointment. "This is an account of talent stopped at our borders, which has left the country all the poorer," the petition says.



If you're not part of the solution, you're part of the precipitate.
by ceebs (ceebs (at) eurotrib (dot) com) on Thu Mar 18th, 2010 at 04:01:29 PM EST
[ Parent ]
Apparently it doesn't matter if we restrict artists and musicians from coming into the country. Every year the WOMAD festival expect to find several of their artists cannot get a visa, despite having a long track record of close negotiation with the border controls.

Bet the Olympics won't have any problems.

keep to the Fen Causeway

by Helen (lareinagal at yahoo dot co dot uk) on Thu Mar 18th, 2010 at 06:08:20 PM EST
[ Parent ]
I seem to remember its a condition of getting the opympics, Osama could probably compete for a country and would have to be allowed access :)

If you're not part of the solution, you're part of the precipitate.
by ceebs (ceebs (at) eurotrib (dot) com) on Thu Mar 18th, 2010 at 06:18:01 PM EST
[ Parent ]
We don't likes us some nasty long haired hobbitses furriner musicians.

Perhaps we should just declare the UK Europe's Own Trailer Park and be done with it.

by ThatBritGuy (thatbritguy (at) googlemail.com) on Fri Mar 19th, 2010 at 09:08:25 AM EST
[ Parent ]
airstrip trailer park one.

If you're not part of the solution, you're part of the precipitate.
by ceebs (ceebs (at) eurotrib (dot) com) on Fri Mar 19th, 2010 at 09:32:53 AM EST
[ Parent ]
Some interesting and possibly useful facts about snow melting (from Ilta-Sanomat print edition)

  • Snow melts at 0.3 cm pr degree C, pr day.
  • Undisturbed snow is 30% water by volume.  (40%+ if machine moved/packed)

Thus 50 cm deep fallen snow, in an average temperature of +3 C, will take 3 weeks to melt completely. <it says here>

That means some of the 4 m high densely packed snow piles on Helsinki streets, in an average of + 3 C, will take 6 months to disappear. Unless moved. The mean temperature in Helsinki in April is 3.3 C.

You can't be me, I'm taken

by Sven Triloqvist on Fri Mar 19th, 2010 at 08:43:09 AM EST
[ Parent ]
Strawberry Fair, Cambridge

In view of the continuing hostility of the police towards Strawberry Fair and their decision to ignore the decision of elected councillors to grant it a licence to run in 2010, the organisers have reluctantly taken the decision to cancel this year's event. Justin Argent, Chair of Strawberry Fair said "Gaining a secure license that will allow the Fair to continue for many years to come has to be the top priority for the Strawberry Fair committee. The police appeal of the decision made by Cambridge City Council means that we now have to put all our efforts into fighting that appeal, rather than into the detailed preparations for the 2010 Fair which should now be taking place, and we are not prepared to compromise either the appeal or the Fair itself.

The timetable for the appeal means that we will not know whether the Fair can go ahead as planned until far too late in the day. We do not want to pass this risk on to the many supportive suppliers, traders, and artists whose livelihoods would be severely damaged by a last minute cancellation. By taking this decision now, people will be able to find alternative activities for 2010 safe in the knowledge that we are doing all we can to make sure Strawberry Fair returns in 2011 and beyond.

Cambridgeshire Police have made it absolutely clear they do not want the event to go ahead and have put an incredible amount of time and resource into preventing it. We feel the police action shows just how far out of step they are with the people of Cambridge, who have shown overwhelming support for the event; and had the same enthusiasm been spent on working with us rather than fighting us, many of the key concerns would have been dealt with.



If you're not part of the solution, you're part of the precipitate.
by ceebs (ceebs (at) eurotrib (dot) com) on Fri Mar 19th, 2010 at 09:08:46 AM EST
[ Parent ]
If they can force the cancellation of something as harmlessly mainstream as the Big Green Gathering, then Strawberry Fair (which has a certain ne'er do well aura around it) has got no chance.

We have all the freedom the police allow.. and no more.

keep to the Fen Causeway

by Helen (lareinagal at yahoo dot co dot uk) on Fri Mar 19th, 2010 at 10:20:33 AM EST
[ Parent ]
 PEOPLE AND KLATSCH 


Ad astra per aspera
by In Wales (inwales aaat eurotrib.com) on Thu Mar 18th, 2010 at 02:34:04 PM EST
McLaren unveil supercar to take on Ferrari | Sports | Reuters

WOKING, England (Reuters) - McLaren unveiled the first of a range of supercars on Thursday that will take their Formula One battle with Ferrari and Mercedes out of the racetrack and into the automotive arena.

McLaren said the new MP4-12C, with a likely price tag of around 150,000 pounds ($229,200) and annual production of 1,000 cars from 2011, represents the "logical next step" for the British-based company.



Ad astra per aspera
by In Wales (inwales aaat eurotrib.com) on Thu Mar 18th, 2010 at 02:51:27 PM EST
[ Parent ]
Lorry filmed pushing car sideways along A1 at speed - Home News, UK - The Independent

A haulage firm launched an investigation today after a video emerged that appeared to show a lorry driver speeding along a motorway unaware a car was trapped across its bumper.

The mobile phone footage shows an Arclid Transport lorry travelling in the fast lane on the A1 near Wetherby, West Yorkshire, with a blue Renault Clio trapped sideways under its bumper.

Believed to be filmed in January by passengers in a vehicle travelling on the same road, the driver of the Clio, who has not been identified, appears to be trying to release the car from the lorry by pressing the brakes.



Ad astra per aspera
by In Wales (inwales aaat eurotrib.com) on Thu Mar 18th, 2010 at 03:01:30 PM EST
[ Parent ]
http://news.xinhuanet.com/english2010/world/2010-03/19/c_13216661.htm

The Greek Navy will also get five new Type 214 submarines and one Type 209 which cost 500 million euros each. The deal on the submarine program between Athens and Berlin has an almost 10-year history, but there have been long delays and complications.

According to an earlier agreement, Greece would pay up to 200 million euros per year for nine years, but the German side, as Greek government sources stressed, asked for a higher amount of money in the near future.

"This solution protects jobs, protects the Greek industrial infrastructure and shipbuilding, protects the interests of the Greek Navy and the interests of the Greek state amid a severe financial problem in the best possible way," Defense Minister Evangelos Venizelos stressed. (1 euro = 1.3660 U.S. dollars)

I'd suggest they cancel not only the future deals, but the deal for the original ship. It's probably not even worth it's value in scrap metal at this point.

This is the problem with Greece right here, and its relationship with Germany as well. In the last few years, Greek politicians have found themselves in jail taking bribes from from German multinationals.

And yet, they keep at it.

by Upstate NY on Fri Mar 19th, 2010 at 12:37:40 PM EST


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