EUROPEAN UNION

Rollover of Greek Debt Would Constitute “Default”: Fitch

Prime Minister Papandreou
Fitch Ratings agency has warned any voluntary rollover by commercial lenders of Greece’s debt would be regarded as a “default,” putting even more pressure on Euro Zone ministers and Greek Prime Minister George Papandreou, who is facing a crucial vote of confidence.
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Gay rights activist (L and 2nd L front) argue with Russian nationalists

In a First, U.N. Backs Gay Rights in Divided Vote

The United Nations passed a resolution today condemning discrimination on the basis of sexual orientation, marking the first time the organization has explicitly recognized that form of repression.
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Athens, Greece in the Days preceding the Protests & Riots

Stephanie Caprini traveled to Athens, Greece just days before the recent riots. Upon returning to the States, she regrets that she lacked the cultural awareness that it takes to be present in a city that she now understands she was merely passing through.
Riot police stands in front of protesters as they gather outside the Catalonia Regional Parliament before the budget debate in Barcelona

Protesters Blockade Barcelona Parliament To Disrupt Budget Vote

Public discontent over the Spanish government’s severe austerity program has led to a bizarre spectacle in the northeastern city of Barcelona where at least 2,000 protesters tried to block the Catalan parliament to expression their anger over local budget cuts and job losses.
Pedestrians pass the head office of Lloyds Banking Group in central London

Lloyds Bank Plans to Cut 15,000 More Jobs

The new chief executive of bailed out British bank Lloyds Banking Group (NYSE: LYG) is planning to cut another 15,000 jobs, on top of the 28,000 positions the bank has already eliminated since it merged with HBOS in early 2009.
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Trichet: Need to prevent oil-fed inflation spiral

The European Central Bank needs to ensure recent oil and commodity price rises do not trigger inflationary problems, the bank's President Jean-Claude Trichet said on Monday, days after signaling a July interest rate hike.
Turkey Syrian refugees

Syria poses challenge to Turkey's 'good-neighbourly' policy

Turkey's efforts in improving ties with its neighbors in the Middle East over the past decade may witness a challenge in the unabated unrest in Syria that may force a rethinking of its foreign policy, now that Sunday's election is out of the way.
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Dutch back German govt on Greek bailout terms

The Netherlands on Friday backed Germany over the participation of the private sector in a new bailout package for debt-laden Greece, an issue that has set Berlin on a collision course with the European Central Bank.
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Lagarde says backs more say for China at IMF

The top candidate to run the International Monetary Fund, French Finance Minister Christine Lagarde, said she backed a bigger say for China at the Fund while making clear that the euro zone crisis would be a priority if she wins the job.

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