During his interview with Charlie Rose on Bloomberg TV Monday night, Alan Greenspan, former chairman of the Federal Reserve, commented that the chances of Greece defaulting are “so high that you almost have to say there’s no way out … the chances of Greece not defaulting are very small.”
Greece seems to be finding that it has fewer and fewer options to address its financial crisis. It is becoming increasingly clear that Greece will need another massive bailout in order to remain afloat, but European finance ministers have indicated that the bailout must be accompanied by a series of tough choices.
The lower house of France’s parliament has rejected a measure pushed by that country’s opposition Socialist Party to legalize same-sex marriage. By a vote of 293-222, the National Assembly, led by lawmakers from the conservative UMP (Union for a Popular Movement), turned back the bill which stipulated that “marriage can be contracted by two people of different sexes or of the same sex.”
“The Greek debt situation is not going away,” observed Robert Zukowski, a senior analyst at 4Cast Limited in New York. His statement came after a one-day rally on Wall Street, which seemed to provide some hope of a rise in the investment market. It is not just the Greek debt situation that is troubling investors; it is concern about a “disorderly” default on Greek sovereign debt. The cost of simply insuring Greek sovereign debt has jumped an astounding 1500 basis points, making it the most expensive of this type of insurance in the world. Standard & Poor’s recently dropped its rating on Greek bonds to “CCC,” which is the lowest of all the 131 nations whose debt it rates.
Muslims have attacked homosexuals and other teachers and Muslims who do not obey Islamic dictates, said the paper. The Telegraph added — quoting an anti-Catholic homosexual — that police are covering up the wave of Sharia terror because they do not want to appear to be racist.
If a government official’s recommendation is followed, children in the United Kingdom will no longer learn about “climate change.” Instead, British science teachers will go back to teaching “the basics” of that subject.
For at least the past few years, children in Ireland’s government-run foster-care system have been disappearing, only to be found later working as sex slaves in brothels or private homes. And incredibly, the Irish government has not even been keeping statistics on the number of cases.
The great African migration to Italy continues with the new arrival of thousands of illegal aliens from Libya on the island of Lampedusa, which suffered a deluge of 24,000 Tunisians and Libyans earlier this year.
News reports over the weekend said nearly 1,500 illegal aliens — mostly Africans from other countries — showed up at the island in a matter of hours.
As pro-life efforts in the United States have been gaining momentum, similar endeavors have garnered some success in European nations as well, most notably Hungary. Though 60 percent of Hungarians favor legalized abortion, the country’s new constitution adamantly defends the sanctity of life.
Former British Prime Minister Tony Blair has once again issued calls in favor of increased globalism and one world government. An advocate of liberal internationalism and multilateral military interventions, as well as a stalwart of the European Union, Blair warns that the EU risks losing out to the economic might of China, India, Brazil, and other booming economies.
The amount of publicity garnered by the secretive Bilderberg conference this year in St. Moritz, Switzerland, far surpassed the coverage afforded to past gatherings of the elite cabal, with major media outlets and international news wires finally reporting on the yearly event after refusing to do so for over five decades. Protests, the alternative media, and anti-Bilderberg politicians played an important role in spreading the news.