Thursday, 13 September 2012 09:32
'New economic figures just out show that Turkey’s erstwhile rising star as a powerful emerging economy has suddenly taken a plunge. Second-quarter economic data show that the country’s halcyon days of stellar growth of more than 8% during 2010 and 2011 are over.
While this year’s 2.9% growth still looks robust compared with stagnant North America and Europe, nevertheless the abrupt fall by 50 percent from previous heights serves as a stark warning that Turkey is heading for tough economic times. And parsing the headline figures, there are signs of much deeper malaise for the Turkish economic outlook.'
Thursday, 13 September 2012 08:45
'The public rift between the American administration and Israel is deepening: earlier today, Israeli Prime Minister Benjamin Netanyahu launched an unprecedented attack against the administration, stating that "the world has no right to stop us" (from attacking Iran). It was clear that the quote was directed at President Obama and Secretary of State Clinton, as Netanyahu was referring to the American refusal to declare a "red line" that would lead to an American strike on Iran if crossed. Later – as a result? – it was reported that the White House refused Netanyahu’s request for a meeting with the president.'
Thursday, 13 September 2012 07:51
'In talks to MPs at the Foreign Affairs committee, Cardiff University economist Patrick Minford rejected suggestions that the UK could renegotiate the terms of its membership from within the EU.
He said Britain should “leave” and then negotiate a trading arrangement on a “clean sheet of paper”. Prof Minford warned that the rescue and reform process in the eurozone could take “five to 10 years”.
“We, I think, here tend to overestimate the chances of the euro breaking up. The countries that are most likely to leave in the first instance - say, Greece or Portugal - are absolutely determined to stay in for political reasons”, he said.'
He said Britain should “leave” and then negotiate a trading arrangement on a “clean sheet of paper”. Prof Minford warned that the rescue and reform process in the eurozone could take “five to 10 years”.
“We, I think, here tend to overestimate the chances of the euro breaking up. The countries that are most likely to leave in the first instance - say, Greece or Portugal - are absolutely determined to stay in for political reasons”, he said.'
Thursday, 13 September 2012 07:34
'The unnamed official said that “five or six Americans were wounded” in Tuesday night’s attack on the consulate, where US ambassador to Libya Christopher Stevens and three staff members of the consulate were killed on the same night, AFP reported on Wednesday.
The clashes broke out after a group of people held a demonstration to protest against an anti-Islam movie made in the United States.
Witnesses said protesters attacked and set fire to the consulate building while gunmen and security forces clashed. Rocket-propelled grenades were also fired at the US consulate.'
The clashes broke out after a group of people held a demonstration to protest against an anti-Islam movie made in the United States.
Witnesses said protesters attacked and set fire to the consulate building while gunmen and security forces clashed. Rocket-propelled grenades were also fired at the US consulate.'
Thursday, 13 September 2012 05:56
'The fresh protests erupted outside the US Embassy in Cairo in the early hours of Thursday morning.
Security forces have also scuffled with demonstrators and fired tear gas at the angry protesters.Egyptian protesters held similar demonstrations outside the embassy during the past two days.
On Tuesday, thousands of Egyptians stormed the embassy, scaled its walls, pulled down the US flag and called for the expulsion of the US ambassador to Egypt. They also asked the US government to apologize to the Muslim world over the release of the movie.'
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