Monday, 16 January 2012 05:59
'“We urgently need a solution. The longer the problem drags on, the less likely it is we get off lightly,” the CEO of one of the largest banks in the United States said on Sunday.
"I thought Europe would muddle through. I still believe that… The longer the crisis drags on, the more intense the pressure from markets will get,” he added.
Dimon noted that European countries needed to implement more credible austerity measures to solve the crisis.'
Monday, 16 January 2012 05:49
'Police forces have clashed with anti-austerity protesters in Spain, Greece, and Romania, arresting several activists and injuring many others.
During the latest such protests in Spain, police scuffled with demonstrators in the capital Madrid on Sunday, detaining three people and wounding several others.
Scuffles broke out when 'indignant' Spaniards gathered at a Madrid subway station to protest against rises in the cost of public transportation. Dozens of protesters entered the station and refused to pay, shouting slogans such as “I don't pay for your crisis.” '
Read more: Europe Anti-Austerity Rallies Turn Ugly
Monday, 16 January 2012 07:15
'Thousands of Hungarians have protested against the European Union, urging their country to pull out from the bloc while Budapest seeks EU's backing to evade insolvency.
People gathered in front of the European Commission offices in Budapest on Saturday in a street protest called by the rightist Jobbik Party -- the second biggest opposition party in Hungary's parliament. “This week the EU declared war on Hungary in a very harsh and open way," said Csanad Szegedi, a Jobbik member of European Parliament, addressing the protesters.'
Read more: Hungarians Hold Anti-EU Demonstration
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