Saturday, 27 November 2010 09:32
'Britain would flourish as an international trading nation outside the economic shackles of the European Union, a leading business expert said last night.
Disputing the key argument of Euro-enthusiasts that quitting the EU would wreck the UK’s trade prospects, economist Ruth Lea said that independence from Brussels meddling would boost the country’s import and export markets.'
Read more: The Great Lie that Britain Would Suffer Outside of the EU
Saturday, 27 November 2010 09:10
'Germany's Chancellor Angela Merkel has vowed to implement a permanent bail-out facility amid speculation over a break up of the 16-nation eurozone.
A joint statement with French President Nicolas Sarkozy said the two would propose replacing the existing fund that expires in 2013. Meanwhile the head of Germany's central bank said the existing fund could be increased if needed. And the fund's head has dismissed the risk of a eurozone break-up.'
Saturday, 27 November 2010 08:37
'The sparsely-populated volcanic island is holding an unusual election Saturday to select ordinary citizens to cobble together a new charter, an exercise in direct democracy born out of the outrage and soul-searching that followed the nation's economic meltdown.
Hundreds of people are vying for the chance to be among up to 31 people who will form the Constitutional Assembly slated to convene early next year -- a source of huge pride for Icelanders who have seen their egos take a beating in recent years.
"This is the first time in the history of the world that a nation's constitution is reviewed in such a way, by direct democratic process," says Berghildur Erla Bergthorsdottir, spokeswoman for the committee entrusted with organizing the Constitutional Assembly.'
Read more: Iceland Elects Ordinary Folk to Draft Constitution
Saturday, 27 November 2010 08:03
'The European Central Bank is pushing Portugal to become the third eurozone country to accept an EU-IMF “rescue” because of concerns that a Portuguese debt crisis will sink its Iberian neighbour Spain.
The EU and eurozone fears that Spain, Europe’s fifth largest economy, is too big to bailout and that a Spanish crisis would tear down the European single currency.'
Read more: Euro Slides as Portugal Bailout Pressure Builds
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