In rejecting UN and EU proposals for an independent inquiry into the Gaza Flotilla Incident, Israeli Prime Minister Benjamin Netanyahu has stated that “it would create a problematic precedent” - that Israel is accountable to the international community and is subject to international law.
Angela Merkel’s government shocked markets earlier this week by imposing a ban in Germany on so-called “naked short selling” in euro-area government bonds and in shares of major German financial institutions.
Gordon Brown has finally announced the date for general election. Bitterly unpopular, presiding over a government close to burn-out and the sharpest, deepest recession in living memory, New Labour is nonetheless not yet out of the game.
Alastair Darling’s Budget attempted an impossible balance, playing up to deep-seated popular anger with the bankers and the City, whilst keeping the City entirely on board with the promise of public spending cuts.