We are looking for Europeans of different nationalities that can speak about the refugee invasion in your country and how this REALLY is affecting you. Are you in Hungary, Greece, Germany, France, Italy, Austria or another country being heavily invaded? Please reach out: firstname.lastname@example.org or @rediceradio We want to speak with you!
Europe unveils banking union plan to tackle crisis 2012-09-12 0:00
Europe moved a step closer to a banking union on Wednesday with a plan for the European Central Bank to supervise all euro zone banks, a cornerstone of closer fiscal integration designed to end years of financial turmoil in the region.
European Commission President Jose Manuel Barroso outlined the proposal in his annual “state of the union” address, laying out a path to further economic integration that he said he hoped would underpin the future of the euro currency.
The proposed banking reforms, which need to be approved by the European Union’s member states, aim to break the link between banks and states, preventing heavily indebted countries being sucked further into difficulty by distressed lenders in need of rescue.
It tackles a core element of the crisis that first struck banks in Europe almost five years ago and escalated into a sovereign debt crisis in 2010.
President of the European Commission Jose Manuel Barroso, Wednesday, Sept 12, 2012, at the European Parliament in Strasbourg, eastern France.
“The crisis has shown that while banks became transnational, rules and oversight remained national,” Mr. Barroso told members of the European Parliament. “We need to move to common supervisory decisions, namely within the Euro area.”
“The single supervisory mechanism proposed today will create a reinforced architecture, with a core role for the European Central Bank,” he said. “It will be a supervision for all Euro area banks.”
For the plan to work, it will require countries to surrender a degree of sovereignty over supervising their banks. This has long been a national responsibility, and the proposal has already led to tensions with Germany and Britain.
Although Britain, which is outside the euro zone, will not join the scheme, many international banks in London have operations in the euro area that will be affected by the ECB’s new supervisory reach.
Obama Arms ISIS-Linked Militants, Pushes Gun Control On Very Same Day 2015-10-07 6:19
President Obama authorized a shipment of guns to the Syrian opposition, a.k.a. ISIS-linked militants, on the exact same day he demanded more gun control in response to the Oregon shooting.
Even more shocking, Obama did the very same thing after the 2013 D.C. Navy Yard shooting.
The president approved the re-arming of the Syrian opposition, which predominantly consists of ISIS and its ...
'No Borders' Activist Gang Raped by Migrants, Pressured into Silence to not 'Damage Causeâ€™ 2015-10-07 6:37
Colleagues are alleged to have said that reporting the crime would set back their struggle for a borderless world.
The ‘No Borders’ activist had dedicated a month of her life to helping migrants. Her group was stationed between Italy and France in Ponte San Ludovico in Ventimiglia when the atrocity occurred, according to reports from local papers La Stampa and Il Secolo XIX, ...
Muslims Declare Jihad on Dogs in Europe 2015-10-07 3:18
A Dutch Muslim politician has called for a ban on dogs in The Hague, the third-largest city in the Netherlands.
Islamic legal tradition holds that dogs are "unclean" animals, and some say the call to ban them in Holland and elsewhere represents an attempted encroachment of Islamic Sharia law in Europe.
This latest canine controversy -- which the Dutch public has greeted ...
Islamic State 'blows up Palmyra arch' 2015-10-06 21:37
Palmyra's Arch of Triumph was built by the Romans in the second Century AD
Islamic State militants in northern Syria have blown up another monument in the ancient city of Palmyra, officials and local sources say.
The Arch of Triumph was "pulverised" by the militants who control the city, a Palmyra activist told AFP news agency.
It is thought to have been ...