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'Friends of Syria' Consider Ultimatum to Assad

The United States, Europe and Arab nations are preparing to demand that Syrian President Bashar Assad agree within days to a ceasefire and allow humanitarian aid into areas hardest hit by his regime's brutal crackdown on opponents.

 

Italy: Divers find 8 more bodies in ship wreckage

Divers searching the capsized Costa Concordia cruise ship off a Tuscan island found eight bodies Wednesday on one of the passenger decks, including that of a missing 5-year-old Italian girl, authorities said....

 

Fitch downgrades Greece on debt swap plan

Greece Bailout

Fitch cut Greece's long-term ratings on Wednesday to its lowest rating above a default, becoming the first ratings agency to make the widely expected downgrade after the country announced a bond exchange plan to ease its massive debt burden.

 

Greek bailout plan now moves to the IMF

Debate over Greece’s rescue plan now shifts to the International Monetary Fund, which must decide if it is willing to risk more on a bailout effort that the fund’s own analysis shows has a strong probability of failing.

 

French Police Detain Dominique Strauss-Kahn for Questioning

Dominique Strauss-Kahn

Dominique Strauss-Kahn was taken into custody in connection with an investigation into an alleged prostitution ring operating in France and Belgium.

 

Eurozone approves new $173B bailout for Greece

Greece Bailout

Eurozone finance ministers sealed a deal Tuesday morning for a second bailout for Greece, including 130 billion euros or $173 billion in new financing.

 

Iran stops oil sales to British, French companies

Iran Oil

Iran has stopped selling crude to British and French companies, the oil ministry said on Sunday.

 

Greece targets debt swap from March 8: government

Greece's cabinet agreed on Saturday to launch a debt swap for private creditors on March 8 with the aim of completing it by March 11, a government official said.

 

A Greek’s only hot-seller: tear gas masks

Shock was a common sentiment in the heart of Athens this week. Athinas Street, the colorful shopping mile in the Greek capital, is known for its lively fish and meat markets, where spice salesmen mix with traditional shoemakers and sidewalks are packed with commodities for sale.

Senh: Great read on how one merchant is dealing the Greek bailout. It's just bad.

 

German president quits amid scandal

German President Christian Wulff

Angela Merkel's hand-picked choice for the ceremonial post of president resigned on Friday in a scandal over political favors, dealing a blow to the German chancellor.

 

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