Swiss bank UBS trader Kweku Adoboli (left) was arrested early Thursday morning and charged with two counts of false accounting and one count of “suspicion of fraud by abuse of position.” His position was director of the Delta One trading desk at UBS in London, where he had worked as a trader for the past three years and as a technical advisor for two years before that.
If the European Union begins to disintegrate, what signs would portend its spiral into disunion? One would be a member nation utterly ignoring the financial rules intended to support the EU by providing false and misleading information about its economy — actions already undertaken by both Greece and Portugal. Another indication of impending EU disintegration would be a member state simply printing its own euros — after only technically meeting the requirement of notification — as did Ireland a few months ago.
Pro-life leaders in Poland remain optimistic despite the narrow defeat of a bill that would have completely banned abortion in the largely Catholic nation. The historic bill, the result of a nationwide grassroots campaign that garnered 600,000 petition signatures in support of the law in two weeks, was narrowly defeated in late August in Poland’s parliament by a 191-186 vote, with five abstentions and 78 lawmakers not present for the vote, according to LifeSiteNews.com.
Prime Minister George Papandreou’s speech on Saturday evening in Thessaloniki was designed to reassure not only his Greek citizens that all would be well but also that those holding Greek sovereign debt would be getting their money back. The government’s top priority, he said, is “to save the country from bankruptcy.”