Friday, 26 November 2010

France Borrows One Billion Euros to Pay Wages

'The French government has requested more than a billion euros in emergency credit from its Senate to cover next month's payrolls for thousands of state workers. The French Senate approved EUR 1.14 billion (USD 1.5 billion) on Thursday, the head of the Senate's Finance Committee Jean Arthuis confirmed while expressing strong reservations over the unusual request.

The credit is to be used to pay the December wages of thousands of employees in eight ministries, including education, defense and interior, representing more than a percent of state wage costs, said Arthuis, quoted by AFP.'

Read more: France Borrows One Billion Euros to Pay Wages


Russia Allows NATO Vehicles Transit

'Russia will let NATO take armored vehicles to Afghanistan through its territory under an expanded transit deal, Russian foreign minister Sergei Lavrov has said.

The new deal was sealed at a landmark Russia-NATO summit in Lisbon last Saturday. The deal is expected curtail NATO's dependence on Pakistan as a transit country and boost the flow of Western military supply shipment to the front lines of Afghanistan. The alliance already uses routes through Russia and neighboring Central Asian republics but the current agreements only allow for the transportation of supplies such as food and fuel.'

Read more: Russia Allows NATO Vehicles Transit



The Euro Game Is Up - Nigel Farage MEP