Sunday, November 20, 2011

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Russian sends war ships in mediterranian, Canada orders its warships to stay in Mediterranean
"Russian warships have entered Syrian territorial waters in an aggressive move designed to prevent any NATO-led attack on the country under the guise of a “humanitarian intervention..."

"Military intervention in Syria would “shake the entire Middle East,” President Bashar Assad said on Saturday in his first interview with Western media since the start of a popular uprising challenging his authoritarian rule. LINK

AOC's Zapatero's party lost the Spain election yesterday
"The fifth casualty on the unstoppable spreading of the debt crisis tsunami in Europe has taken its toll in the form of a new government formed in Spain, following the previous leadership debacle in Greece, Italy, Portugal and Ireland. The outgoing Spanish Socialist had a resounding defeat against the centre-right People's Party party, with its new PM Rajoy securing an absolute majority in the lower house." Link

"EU Pushes Scenarios for Euro Bond

"The introduction of a joint “eurobond” that would replace national issuance by individual members of the eurozone could offer the best solution for policymakers seeking a more stable sovereign debt market, according to a study by the European Commission.

To be published on Wednesday, but seen by the Financial Times, the study argues that the creation of commonly backed “stability bonds” would ensure all eurozone members could meet their financing needs and create a vast market that could compete with US Treasuries as a global benchmark....

José Manuel Barroso, Commission president, is also expected to propose increasing EU surveillance of eurozone budgets on Wednesday that could be implemented immediately. According to a draft, the proposal includes requiring eurozone governments to submit budgets to Brussels for evaluation before they are turned over to national parliaments..."

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