Euro zone finance ministers sealed a 130-billion-euro ($172 billion) bailout for Greece on Tuesday to avert a chaotic default next month after forcing Athens to commit to unpopular cuts and private bondholders to accept deeper losses. The agreement was hailed as a step forward for Greece, but doubts immediately emerged as to whether it would do much more than deal with its most pressing debt problems. Greece will need more help if it is to bring its debts down to the level envisaged in the bailout and will remain "accident prone" in coming years, according to a deeply pessimistic report by international experts obtained by Reuters. After 13 hours of talks, ministers finalized measures to cut Greece's debt to 120.5 percent of gross domestic product by 2020, a fraction above the target, to secure its second rescue in less than two years and meet a bond repayment in March. By agreeing that the European Central Bank would distribute its profits from bond buying and private … [Read more...] about Europe seals new Greek bailout to avert default
Test will going to present continuous
Islamic State of Iraq and the Levant, take part in field training in the desert in the province of Najaf, September 16, 2014. … [Read more...] about Islamic State campaign tests Obama’s commitment to Mideast allies
Outlook (23-01-2009) Second provincial poll crucial test of Iraq stability The Iraqi people will go to the polls next Saturday in their long-awaited provincial elections – the first in a series of votes this year that are likely to prove an important test of the country's stability. The encouraging news is that four years after the first provincial elections of 2005, Iraq enters this second poll without the sectarian-driven violence of the first. This poll is distinguished by the number of candidates – 14,800 vying for 440 local-government seats in 14 provinces. … [Read more...] about Second provincial poll crucial test of Iraq stability
Your say (24-10-2008) Too short to drive: Why not deal with the real traffic problems? Last week: We asked readers what they thought about the Ministry of Health's new regulations saying that people who weighed under 40kg and were under 1.45m tall would not be allowed to drive motorbikes above 50 cc. The ministry also said that those who were under 1.50m tall and weighed less than 40 kg would not be allowed to drive cars. Alvaro Covarrubias Lara, Chilean, Ha Noi The authorities' decision to filter-out prospective drivers according to weight, does not address the real issue. It makes more sense to control existing drivers' knowledge of basic driving regulations, such as respecting red lights, right of way, traffic direction - and to check that they have a valid licence. … [Read more...] about Too short to drive: Why not deal with the real traffic problems?
Brendan Rodgers will be confirmed as the new Liverpool manager just as soon as the club's owners Fenway Sports Group agree on a compensation package with Swansea. It is anticipated Liverpool will have to pay between £4million and £5million as Rodgers only signed a new three-and-a-half-year contract in February. A resolution is expected to be found within the next 24 hours with the Northern Irishman likely to be presented as successor to Kenny Dalglish on Friday. "I was contacted by Liverpool last night [Tuesday night] and they expressed their wish to speak to Brendan regarding their vacancy," said Jenkins in a statement. "I had a discussion with Brendan to talk about their interest and his views on whether he wanted to speak to Liverpool. "He expressed his wish with me to do that and he has spoken to Liverpool today [Wednesday]. "Following on from discussions with Liverpool's owners, Brendan has informed us that he would like to take up their offer to manage … [Read more...] about Rodgers set to take charge at Liverpool