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EU warns Greece of 'Plan B' if private investors refuse to cooperate
This morning's key headlines from GenerationalDynamics.com.
On a campaign stop in Bayonne in France on Tuesday, president Nicolas Sarkozy had to take refuge in the Bar du Palais for an hour, to escape hundreds of Basque separatists who were booing and jeering him, and throwing insults and eggs. ETA, a separatist movement which called an end to its armed struggle last year, is blamed for 829 deaths during a four-decade campaign of shootings and bombings for an independent Basque homeland. AFP
A Gaza-based jihadist group, the Ma'sadat al-Mujahideen, is claiming credit for igniting a series of devastating forest fires near Reno, Nevada, on January 19. According to the group's statement, they wish to widen "the area of war" to include regions inside America and elsewhere, and they will continue these activities until "the liberation of Palestine" is achieved. Jamestown
At least 10,000 people have fled northern Nigeria for neighboring Niger and Chad to escape a military sweep targeting the terrorist group Boko Haram, which has perpetrated a series of bombings and other attacks that have killed dozens of people. Reuters
Greece is currently negotiating with private investors to convince them, before March 9, to "voluntarily" accept a 75% haircut on their investments by swapping their old Greek bonds for shiny new guaranteed bonds. European and Greek officials have been smiling broadly, saying that participation by private investors is very high, but without providing any numbers. But Jean-Claude Juncker, the chairman of the eurozone finance ministers, confirmed the existence of a back-up plan if the debt swap falls flat. "I don’t need to talk to everyone about plan B if we officially say that we want plan A to work," he said. Irish Times
U.S. pro-democracy activists flew out of Egypt on Thursday after the authorities lifted a travel ban. The activists included Sam LaHood, the son of U.S. Transportation Secretary Ray LaHood, had been charged with working for groups receiving illegal foreign funding. The six American activists were released after the U.S. government paid their bail, which was set at about $330,000 each. Reuters
(Comments: For reader comments, questions and discussion,
see the 3-Mar-12 World View -- Egypt releases American activists after U.S. pays bail
thread of the Generational Dynamics forum. Comments may be
posted anonymously.)
(3-Mar-2012)
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