Europe, Obama’s new “banana republic”

U.S. and NATO forced the plane of Bolivia’s president to land in Austria. Bolivian authorities say that Evo Morales private Presidential jet, which was en route from Russia to Bolivia, were refused to fly through French and Portuguese airspace because it was suspected that it spy accused Snowden was on board. The aircraft was therefore… Read More Europe, Obama’s new “banana republic”

India offers 10 USD billion aid to the eurozone

India on Tuesday committed to extend a USD 10 billion lifeline to help ailing Eurozone countries grappling with a sovereign debt crisis. Prime Minister Manmohan Singh announced India’s contribution to the International Monetary Fund’s $456 billion bailout corpus at the G-20 summit at the Mexican resort of Los Cabos. India’s commitment is part of the… Read More India offers 10 USD billion aid to the eurozone

Portugal scrap Nationalist holidays in austerity drive

Portugal has taken austerity measures to a new level with the decision to scrap four of its 14 public holidays. Two religious festivals and two other public holidays will be suspended for five years from 2013. The decision over which Catholic festivals to cut was negotiated with the Vatican. Portugal has already cut public sector… Read More Portugal scrap Nationalist holidays in austerity drive