ECB Cuts Interest Rates Again Amid Slowing Eurozone Inflation and Growth Concerns
The European Central Bank (ECB) has cut interest rates again as inflation in the Eurozone slows and economic growth falter
German Chancellor Angela Merkel's coalition has seen new strains, as a junior partner has demanded that she issue an instant denial after international calls for a massive expansion of the eurozone's existing safety net emerged.
New legislation is scheduled for passage this Thursday to enhance the 440-billion-euro European Financial Stability Facility (EFSF). Merkel went on television late Sunday to canvass public support, DPA reports.
"The chancellor must clarify very quickly that there are no changes in the EFSF rules," Christian Lindner, general secretary of the Free Democratic Party (FDP), has commented.
Germany "has to mind the limits of what is feasible"Horst Seehofer, leader of the Bavaria-only Christian Social Union (CSU), the third party in the ruling coalition, has declared, also opposing the notion of a wider bailout mechanism.
A handful of mavericks in all three parties in the coalition intend to vote against the bills, according to DPA. Merkel has struggled to soothe public opinion and calm fears that her coalition is on the verge of break-up over aid to troubled eurozone borrowers.
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North Macedonia's Prime Minister Hristijan Mickoski has announced plans to investigate the fees received by members of the Bulgarian-Macedonian Historical Commission
Russian troops are continuing their counterattacks in response to the Ukrainian incursion into Kursk Oblast
Former President Donald Trump announced on Thursday that he will not participate in another debate with Vice President Kamala Harris ahead of election day
Two astronauts, a billionaire and an engineer, completed the world’s first private spacewalk on Thursday outside a SpaceX capsule, marking a significant achievement in commercial spaceflight
Russian President Vladimir Putin has warned that the West would enter into direct conflict with Russia if it allows Ukraine to launch long-range missile strikes deep into Russian territory
On September 12, a Russian missile struck a cargo ship carrying Ukrainian wheat destined for Egypt in the Black Sea
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