Has the Bank Run Begun in Europe?

In many ways, the answer to that question is obviously yes. Money-market funds in the United States have quite dramatically slammed shut their lending windows to European banks. According to the Economist, Fitch estimates U.S. money market funds have withdrawn 42 percent of their money from European banks in general. And […]

Embarrassment for Berlin

Source: Iranian Airline Buys Chancellor Merkel’s Retired Jet On its website, Iranian airline Mahan Air (“The Spirit of Excellence”) counts five Boeing 747s and 27 Airbus aircraft among its fleet. The fact that sanctions against the country make maintenance of the jets extraordinarily difficult, however, is not addressed. Still, Mahan […]

Europe threatening the world again

By MOHAMMAD AL-RASHEED It all started with the search for spices and ended with colonization Europe’s contribution to human progress is colossal. That is a fact. Just remember the Renaissance and the Industrial Revolution and what followed and you get the idea. The other fact is that Europe has contributed […]

France summons Israeli ambassador

France24. Chaudhry Maqsood ur Rehman. AFP – France summoned the Israeli ambassador in Paris to a meeting at the foreign ministry Wednesday to protest after an air strike wounded a French diplomat in Gaza along with his wife and daughter. A spokesman for the ministry said that France’s ambassador in Tel […]