GLOBAL SYSTEMIC CRISIS: News

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What conflicts can this world-after-the-crisis generate? How to prepare for monetary and economic upheavals coming up in the next few years? How can we and should we cope as Europeans? How will interact the emerging powers such as Brazil, India, Russia and China in the first place? What difficulties will these countries meet on their way up? How can our children position themselves to prepare for this world after, as citizens and as professionals?

Anticipolis - "World crisis: The Path to the World Afterwards”, by Franck Biancheri

Germany's top court throws out anti-euro bailout lawsuit

Germany's constitutional court ruled Wednesday that the country's contributions to a European Union bailout fund were constitutional. A group of professors, along with a Christian Social Union parliamentarian, Peter Gauweiler, had brought the case to the constitutional court.

Deutsche Welle

Chinese consumer stimulus 'good for Europe'

"The best thing China could do is to stimulate its own consumerism - several European countries could benefit from this stimulus - because then you're getting real growth and economies would cope with debt better," Vanessa Rossi, associate fellow in economics at London-based Chatham House, told China Daily.

China Daily

French parliament passes Greek aid plan

French Senate on Friday passed the amending bill to allot 3.9 billion euros (4.9 billion U.S. dollars) from its 2010 budget plan to aid debt-ridden Greece, which is part of a French loan of 16.8 billion euros over three years. After one day's hearing and debate, the Senators finally adopted the Greek aid plan with a nearly unanimous agreement. A majority of 311 senators voted for the bill while only 25 votes against it.

People's Daily

Franc plunges as Swiss SET euro-franc floor

The Swiss franc plunged dramatically versus the euro and other major rivals Tuesday after the Swiss National Bank took the extraordinary step of setting a floor for the euro/Swiss franc exchange rate at 1.20 francs and vowed to buy “unlimited quantities” of euros to defend it.

Market Watch

David Cameron's 'Great Expectations'

Proposals to cut back on social safety nets in the United Kingdom risk returning the country to a Dickensian era. As I listen to the news coming out of England after the recent wave of urban riots - and as I read Robert Douglas-Fairhurst’s compelling new biography of Charles Dickens, Becoming Dickens - life and art seem to be echoing each other.

Al Jazeera

Obama criticised for continuing civil rights 'violations' introduced by Bush

Campaigners say US president became weak-kneed over closure of Guantánamo bay and that spying restrictions are gone. The Obama administration has disappointed civil rights campaigners who had expected him to reverse most of the post-9/11 restrictions introduced by the Bush administration.

The Guardian

La conférence bancaire de Francfort tourne à la réunion de crise

Les dirigeants des grandes banques européennes sont réunis ce lundi à Francfort pour une conférence de deux jours axée sur les perspectives de la crise de la dette dans la zone euro.

La Tribune