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News from Europe.

Greece Debt Talks Fail, Greece Doomed ?

The $173 Billion bailout talks critical for Greece’s survival failed after political leaders failed to accept the entire batch of new austerity measures that are demanded by creditors but have fueled outrage in the recession-hit country. After marathon meetings with party leaders and international debt inspectors that ended about 5 a.m. (0300GMT), Finance Minister Evangelos Venizelos headed to Brussels to ... Read More »

NYPD under fire for spying Muslim community

They did it again! New York Police Department, is under fire after civil complaints from all across the country pour in demanding legal explanation on spying over a Muslim community. The complaint comes after an internal memo became public recommending [Spying?] increased surveillance of the city’s Shia community. Top police officials insist the police only follow-up legitimate leads. The memo, ... Read More »

100 feared trapped in sunken Papua New Guinea ferry

About 100 people are feared trapped inside a ferry that sank in rough weather off Papua New Guinea, a rescue official said on Friday, a day after the crowded boat went down with about 350 people on board. Rescuers plucked 238 people from the sea off PNG’s northeast coast after the MV Rabaul Queen was hit by three large waves ... Read More »

India to buy Iranian Oil with Gold

Oh My! This is interesting! Very very interesting! India has agreed to buy Iranian Oil  with gold instead of  Dollars as per latest reports. Earlier last century, American Dollars became a world trademark currency, because of Oil rich countries selling their  Oil for Dollars defying gold. Now, Iran has taken the initiative to sell the Oil for Gold and guess ... Read More »

EU to Ban Import of Oil from Iran

European Union have decided to stop signing new contract on Oil purchase from Iran and have agreed to ban all Oil imports from Iran starting July. In their Statement, The EU foreign policy chief, Catherine Ashton, said on Friday that European countries remained open to diplomacy, even as sanctions were being imposed. She said world powers had yet to receive ... Read More »