This week the European Parliament awarded the annual Sakharov Prize for Freedom of Thought to key participants in the Arab Spring.
The five recipients were chosen “in recognition and support of their drive for freedom and human rights.” The five are described in a press release announcing the award as “representatives of the Arab people.”
If the decline in the Portuguese money supply for September is annualized, it will shrink by more than 20 percent, presaging more economic difficulties for a country already reeling from austerity measures imposed by the European Union. Measures of money supply are watched carefully by economists as a portent for economic behavior over the coming six to 12 months.
Following the Eurozone summit meeting in Brussels, European Council President Herman Van Rompuy announced the results of the late-night negotiations: "From a series of national debt crises, the situation was evolving into a systemic concern, threatening the stability of the Eurozone as a whole. This threat has been contained."
A housing manager in Britain has been demoted for speaking out against homosexual marriage. So now, aside from not being able to speak about the danger of Islam, Britons may not mention any problems with the Love That Dare Not Speak Its Name.
According to London’s Daily Mail, the Trafford Housing Trust (logo at left) socked manager Adrian Smith, a Christian, with a demotion and $22,000 pay cut for crossing what it says is the line between free speech and homophobia.
A “global political authority” and a “central world bank”: These are the solutions that the Pontifical Council for Justice and Peace recommends for the worldwide financial crisis. “Towards Reforming the International Financial and Monetary Systems in the Context of Global Public Authority,” the document outlining the council’s recommendations, is, in the words of author and Roman Catholic Thomas E. Woods, Jr., “deeply confused,” at once recognizing that central bank-driven inflation and easy credit are at the root of the world’s financial woes and prescribing even bigger government and more highly centralized banking as the cure.
Are the days of the European Union coming to an end? The riots in Athens, the popularity of the True Finns Party in Helsinki, and the growing tension between Paris and Berlin all indicate that more and more Europeans are seeing themselves as citizens of nations, rather than members of an amorphous bureaucracy headquartered in Brussels. In fact, the folks in Brussels are looking at a nation unable to form a government at all and teetering on the brink of splitting into the two logical nationalities — Flemish and Walloon — which language, religion, and custom divide more than unite.
With public discontent growing over the burgeoning number of foreigners flooding into their country, many Britons are expecting their government to restrict immigration, and require immigrants to speak English before being allowed into their nation.
According to the Associated Press for Oct. 20, more than 100,000 people assembled in front of the Greek parliament yesterday to vent their opposition to the proposed austerity legislation. The AP added of today's scene:
Protesters gathered by the tens of thousand[s] outside the Greek parliament Thursday, ahead of a vote on intensely unpopular new measures needed to secure continued payment of international rescue loans that have so far prevented the country from sliding into bankruptcy.
Moody’s summary of its annual report on France’s finances appeared on Monday sufficiently couched in calm and reasoned tones that the markets took little notice: “The country’s Aaa rating with a stable outlook reflects the French economy’s strength, the robustness of its institutions and very high financial strength.”
STOCKHOLM — As the growing “Occupy Wall Street” protests prepare to enter their second month after spreading across the United States, “solidarity” demonstrations were held over the weekend in hundreds of cities in dozens of countries around the world.
Troubled European nations' credit ratings are continuing to plummet. On October 13 Standard & Poor’s downgraded Spain to AA-, three steps beneath the optimum AAA rating. Last week the Fitch agency also downgraded Spanish credit worthiness (as well as Italian). S&P’s cited weak growth in Spain's economy (estimated at one percent this year, a reduction from February's 1.5 percent projection) as well as the general dire situation of the PIIGS EU member-states (Portugal, Italy, Ireland, Greece, and Spain).