Far from undermining the euro’s credibility, the debt crisis has underscored the currency’s durability, Finland’s Europe Minister Alexander Stubb said.
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Russian Foreign Minister Sergei Lavrov has expressed Moscow’s strong opposition to repetition of the Libyan scenario in the conflict-stricken Syria, stressing that the Kremlin will not allow such a thing happen again.
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About 900 million Windows computers get their updates from Microsoft Update. In addition to the DNS root servers, this update system has always been considered one of the weak points of the net. Antivirus people have nightmares about a variant of malware spoofing the update mechanism and replicating via it. Turns out, it looks like this has now been done. And not by just any malware, but by Flame.
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PM Donald Tusk, before travelling to Brussels for an informal meeting of EU leaders, said Europe must do everything it can to plan for a sudden Greek exit from the eurozone.
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That’s how much time the country’s leaders would probably have to enact any departure from the single currency while global markets are largely closed, from the end of trading in New York on a Friday to Monday’s market opening in Wellington, New Zealand, based on a synthesis of euro-exit scenarios from 21 economists, analysts and academics.
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“The truth is if you count total U.S. government debt as compared to many of the European nations that are in the news, we’re already worse than they are, and we’re two years away from where Greece was when it had its crisis,” Walker said in a recent interview with CYInterview.com.
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Under the Fed’s bleakest black sky scenario, financial institutions will have to weather 13.1% unemployment, the Dow at 5,600, and Europe in severe recession.
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