RSSCategory: European Crises

European stocks tumble on Italy vote deadlock

European stocks tumble on Italy vote deadlock

LONDON — European stock markets slumped and the euro hit a near two-month dollar low on Tuesday as dealers assessed the fallout of Italy’s political impasse after elections in the indebted eurozone country. Milan’s FTSE MIB index shed 4.55 percent to stand at 16,094.59 points in midday deals, with deadlock in Italy’s parliament after a […]

February 26, 2013 | By More
Greece: Fierce storm causes blackouts, road havoc

Greece: Fierce storm causes blackouts, road havoc

ATHENS, Greece—Torrential rainfall in Greece’s capital Friday crippled traffic, inundated basements and streets, and was blamed for the death of woman whose car was trapped in floodwater, authorities said. The overnight storm swept across greater Athens, flooding hundreds of homes, causing blackouts in parts of the city and forcing authorities to close major roads and […]

February 24, 2013 | By More
Bulgaria’s Orthodox Church elects new leader

Bulgaria’s Orthodox Church elects new leader

SOFIA, Bulgaria (AP) — Metropolitan Neofit of Ruse was elected Sunday as the new spiritual leader of Bulgaria’s Orthodox Christians amid social unrest threatening to throw the Balkan country in a serious political crisis. The 67-year-old Neofit was picked among three candidates shortlisted in a secret ballot by the 14 bishops that make up the […]

February 24, 2013 | By More
Polls in Italy seen key to finance crisis

Polls in Italy seen key to finance crisis

ROME — Will Italy stay the course with painful economic reform? Or fall back into the old habit of profligacy and inertia? These are the stakes as Italians vote in a watershed parliamentary election Sunday and Monday that could shape the future of one of Europe’s biggest economies. Fellow European Union countries and investors are […]

February 24, 2013 | By More
Britain’s top Catholic in ‘inappropriate acts’ row

Britain’s top Catholic in ‘inappropriate acts’ row

LONDON – Britain’s most senior Roman Catholic cleric, who is due to vote on Pope Benedict XVI’s successor, has been reported to the Vatican over claims of inappropriate behaviour, the Observer reported on Sunday. Cardinal Keith O’Brien, leader of the Catholic Church in Scotland, contests allegations by three priests and a former priest which were […]

February 24, 2013 | By More
Conservative wins critical Cyprus presidency vote

Conservative wins critical Cyprus presidency vote

NICOSIA, Cyprus (AP) — Conservative candidate Nicos Anastasiades won Cyprus’ presidency Sunday by one of the widest margins in 30 years, and now faces the formidable task of preventing the country from suffering a financial meltdown. Anastasiades, 66, won the runoff election with 57.48 percent of the vote, far ahead of left-wing rival Stavros Malas, […]

February 24, 2013 | By More
Germany’s horsemeat scam traced to Poland

Germany’s horsemeat scam traced to Poland

BERLIN – Horsemeat found in beef products withdrawn from German shelves has been traced to a supplier in Poland, newsweekly Spiegel reported on Sunday, citing European officials. Spiegel said that beef products with traces of horse found in goulash sold by low-cost retailer Aldi were produced by German firm Dreistern Konserven, which in turn bought […]

February 24, 2013 | By More