The problems of European public debt reach beyond the borders of the nations that cannot pay their bills. The meltdown of the Greek economy, which is prompted by the sovereign debt crisis, is affecting banks throughout Europe. On August 5, the Royal Bank of Scotland announced that it suffered a net loss in the first half of this year in the amount of £1.4 billion due to its exposure from the struggling Greek economy.
As fears over global markets grow, the European Central Bank (ECB) signaled that it would start buying more European-government bonds in an effort to prop up the economies and governments of beleaguered nations and the region as a whole. In other words, it will print even more money to temporarily bail out reckless regimes drowning in debt.
As U.S. politicians scramble to defend themselves against raising the federal government’s astronomical debt to an even higher level, Americans may be seeing the reflection of their own future in the grim picture of insolvency across Europe.
Wojeciech Jaruzelski (left) was the communist general who was defense minister of Communist Poland when striking shipyard workers were shot and killed in 1970. He also was the practical dictator of Poland when martial law was imposed in 1981. Like other communist dictators, Jaruzelski is complicit in a vast pattern of suppression of basic rights, arrest of dissidents, and the support of the triumph of communism in the free world.
Following in the footsteps of other European nations, an Italian parliamentary commission has approved a preliminary draft that bans women from wearing veils that cover their faces in public. According to the Associated Press, the ban will prohibit women from wearing burqas, naqibs, or any other article of clothing that covers their faces.
Drive your car through the small town of Royston, England, and your license plate will be photographed by a hidden camera and checked against a national police database, regardless of whether there is probable cause to suspect you have committed a crime. Simply passing through the city limits is apparently cause enough.
Admitted Norwegian mass-murderer Anders Behring Breivik (pictured) was making wild demands from jail, saying he would only reveal more information about the attack and other “cells” waiting to unleash more terror if and when the government and the monarchy resigned. The killer was also demanding that he be installed as head of the armed forces, according to officials cited in news reports.
After a deluge of news reports pinning the Norway terror attacks on Muslim extremists — who originally took the credit and celebrated the tragedy — it emerged that the admitted perpetrator in police custody was in fact a 32-year-old native Norwegian named Anders Behring Breivik.
A judge in Graz, Austria, has fined the head of the Austrian branch of Human Life International, Dietmar Fischer, and three sidewalk counselors over $12,000 for allegedly stalking abortion doctor Johannes Hanfstingl. Interestingly, Judge Erik Nauta levied the fine against the four pro-life activists after the doctor informed him that he had not been stalked.