Spain’s finance minister admitted on Sunday that the country’s economic recovery would be slow due to the government’s austerity drive.
05/31/2010
— Filed under: Finance
Tags: economic recovery, finance minister, Spain
Read more: humiliation story
Minutes of the latest Bank of England policy meeting released Wednesday revealed a division among members on the inflation outlook and one dissenter against keeping the base rate at an all-time low.
05/30/2010
— Filed under: Без рубрики
Tags: Bank of England, strategy
A survey of senior executives from around the world, released Monday, shows the issue of government debt in Europe and elsewhere is weighing on the minds of world business leaders.
05/29/2010
— Filed under: Business
Tags: business leaders, sovereign debt
IN a recent letter printed in the Olive Press (issue 83) a reader made a plea to PM Jose Luis Zapatero to finally clamp down on Spain’s infamous black market.
05/28/2010
— Filed under: Finance
Tags: black economy, Spain
A raid at the headquarters of the Catholic Church in Belgium by police investigating child abuse was «deplorable,» Pope Benedict XVI said Sunday.
The pope expressed his «closeness and solidarity in this moment of sadness, in which, with certain surprising and deplorable methods, the searches were carried out» in a letter to the head of the Belgian Bishops Conference, Andre Joseph Leonard.
Police were searching for documents related to allegations of child abuse, a spokesman for the Brussels prosecutor said Thursday.
The Vatican said Friday it was shocked by the raids, alleging that two cardinals’ tombs were violated in the raids in the town of Mechelen.
«We also express our regret at some of the infringement of confidentiality, that those victims on whose name the raid were conducted have the right to,» the Vatican said in its statement Friday.
The Vatican also reaffirmed its «strong condemnation of any sinful and criminal abuse of minors by members of the Church» and cited «the need to repair and confront such acts in conformity with the law and teachings of the Gospel.»
Police raided the headquarters of the Belgian Catholic Church and searched for important documents in relation to their
investigation into the abuse of children by church figures, prosecutor’s spokesman Jean Marc Meilleur said on Thursday.
The Catholic Church faces allegations of child abuse by clergy across at least half a dozen countries, including the pope’s native Germany, as well as Belgium, Ireland, Austria, the Netherlands and the United States.
Police in Italy’s southern Campania region on Friday moved to arrest five suspected members of the Naples mafia or Camorra. The suspects allegedly belong to the Camorra’s powerful Casalesi clan and are accused of mafia association, extortion and using violence to intimidate witnesses.
The struggling Greek economy is expected to see resumption of growth next year if the government’s efforts to promote inward investments materialize, Louka Katseli, minister of economy, competitiveness and shipping, said Saturday.
05/24/2010
— Filed under: Politics
Tags: conference, Louka Katseli, Shanghai
The World Bank says the economic situation in Spain is «very serious».
«The global economic recovery continues, but the debt crisis of Europe has placed new obstacles in the path to a sustainable medium-term growth,» says the report released Friday.
A report released Monday by the International Committee of the Red Cross is calling on Israel to lift a 3-year-old blockade against Gaza, saying «the closure is having a devastating impact on the 1,5 million people» who live in the Palestinian territory.
05/22/2010
— Filed under: Society
Tags: blockade, Gaza, Israel, Red Cross
