Libya people smugglers may face targeted intervention: Italy

Apr 21, 2015

Libya people smugglers may face targeted intervention: Italy

Italy is studying the possibility of mounting “targeted interventions” against Libya-based people smugglers behind a huge surge in the numbers of migrants crossing the Mediterranean, Prime Minister Matteo Renzi said Monday. “The hypothesis of military intervention (to stabilize Libya) is not on the table ...

EU’s easy-money endgame

Mar 31, 2015

EU’s easy-money endgame

by Hans-werner Sinn

The euro has brought a balance-of-payments crisis to Europe, just as the gold standard did in the 1920s. Only one difference exists between the two episodes: In today’s crisis, huge international rescue packages have been available. These rescue packages have relieved the eurozone’s financial ...

Mar 27, 2015

Japan reacts calmly to South Korean decision to join China-led AIIB

Japanese government officials reacted calmly to South Korea’s decision to join the planned Chinese-led Asian Infrastructure Investment Bank. The South Korean decision on Thursday “is not surprising,” a senior Finance Ministry official said. A high-ranking government official noted that Japan’s stance toward the AIIB ...

Mar 26, 2015

European nations sign world's first organ trafficking treaty

Fourteen European nations signed Wednesday in Spain the first ever international treaty to fight human organ trafficking, a business that generates over 1 billion dollars in illegal profits worldwide every year. The agreement would make it illegal to take organs from people living or ...

Mar 26, 2015

China denies seeking veto power in new multilateral bank

China has not sought veto power over a new multilateral bank, a top finance ministry official said Wednesday, after a report Beijing enticed major European countries to join by offering to give up control over decisions. Britain, Germany, France and Italy have in the ...