UK - Britain's critical national infrastructure could be crippled in a high-altitude space attack by a rogue state or terrorists, MPs have warned. A nuclear device detonated up to 500 miles above the earth's surface could generate an electro-magnetic pulse (EMP) with a "devastating" effect on power supplies, telecommunications and other vital systems, the Commons Defence Committee said.
BERLIN, GERMANY – Studies show decline in Germans’ trust in democracy, growing wish for ‘strong leader’. The expected yet very late resignation of German President Christian Wulff is not just another affair involving a politician suspected of wrongdoing being caught. It is yet another step in undermining Germany’s democratic system, a trend accelerated in the past decade.
EUROPE - Following marathon talks in Brussels, euro-zone finance ministers have agreed upon a second rescue package for Greece, worth 130 billion euros. The deal saves Athens from having to default in March. As part of the agreement, the private sector will take a 53.5 percent haircut on its holdings of Greek debt.
GERMANY - Greece is bankrupt and will need a 100 percent debt cut to get back on its feet. The bailout package about to be agreed by the euro finance ministers will help Greece's creditors more than the country itself. EU leaders should channel the aid into rebuilding the economy rather than rewarding financial speculators for their high-risk deals.
GERMANY - Europe's finance ministers plan to approve a second bailout for Greece on Monday but Hans-Werner Sinn, the head of Ifo, a top German economic think tank, warns that the money will only help international banks - not the Greeks. He argues that Greece can only solve its crisis if it quits the euro.
UK/GREECE - The UK has contingency plans to help British nationals stranded in Greece if it leaves the euro, it was disclosed yesterday. Foreign Office Minister Alistair Burt said there were plans to assist Britons should they be left without money by a sudden exit.
ISRAEL - A major oil and gas find is bound to change dramatically the geopolitical equation in the Eastern Mediterranean region and beyond. To start with, it has sent Israel from rags to riches in terms of energy independence and security.
USA - On Friday, Gallup’s mid-month unemployment reading, which covers the preceding 30 days, jumped from 8.3% in mid-January, the low point since the financial crisis, to 9.0%. An astounding increase. And its Job Creation Index confirmed that trend, dropping from +16 in January to +13 in February.
UK - The British government is in the process of developing a scheme whereby all phone companies and broadband internet providers will be required to store customer transaction data for a year and hand it over to security services upon request.
ARGENTINA - Argentina is trying to drum up support from Scotland for its claim to the Falkland Islands. It is considering sending representatives to join Scottish celebrations of the 700th anniversary of the Battle of Bannockburn.
CANADA - The row over the EU's plan to label tar sands oil as highly polluting escalates as Canada says it 'will not hesitate to defend its interests'. Canada has threatened a trade war with the European Union over the bloc's plan to label oil from Alberta's vast tar sands as highly polluting, the Guardian can reveal, before a key vote in Brussels on 23 February.
IRAN - Iran's military announced on Monday it has launched four days of manoeuvres in the south of the country aimed at boosting anti-air defences protecting nuclear sites. The announcement came as the country's Foreign Minister announced that inspectors from the UN's nuclear watchdog would be barred from nuclear sites during their two day visit.
UK - Former Archbishop of Canterbury Lord Carey is lending his weight to a campaign against plans to legalise same-sex marriages. In an article for the Daily Mail, Lord Carey claimed the proposal to change the status of marriage “constitutes one of the greatest political power grabs in history”.
UK - 500,000 people were allowed to enter Britain on the Eurostar without being checked against a warning index between 2007 and 2011, it emerged today. Home Secretary Theresa May told the House of Commons that border security checks at ports had been suspended regularly and applied inconsistently for more than four years.
UK - Much of southern and eastern England is officially in a state of drought, the Department for Environment, Food and Rural Affairs (Defra) has announced. The announcement came as Environment Secretary Caroline Spelman hosted a drought summit.