EU leaders in China for debt crisis talks

 

China has indicated it is considering helping with an

EU bail-out fund

  

Leaders from China and the European Union are meeting for a summit set to focus on Europe's debt crisis.

Premier Wen Jiabao is set to meet EU President Herman Van Rompuy and European Commission President Jose Manuel Barroso in Beijing.
Syria and Iran may also be discussed plus the refusal by Chinese airlines to pay an EU tax.
But the top topic is expected to be the financial crisis in Europe and how China might be able to help.
"The debt issue is at a critical juncture," foreign ministry spokesman Liu Weimin said on Monday.
"We believe that as China's largest trading partner and the largest economy in the world (collectively), it is important for the European Union to resolve this issue."
The two EU leaders will also meet President Hu Jintao on Wednesday.
'Pro-active support' They want Beijing to invest in a bail-out fund to help nations crippled by debt - something China has indicated it is considering.
China's foreign exchange reserves are the largest in the world.
But Mr Liu said the EU needed to continue to make structural reforms to "give a clearer signal" to the international community.
"Heavily indebted countries should, according to their national condition, adopt appropriate fiscal policies. The international community should continue to pro-actively support the EU's efforts to deal with the crisis."
In a commentary on Monday, Communist Party mouthpiece the People's Daily said China's interests lay in helping Europe - and sought to ease concerns over a wave of Chinese investment in Europe.
"China not only does not have the appetite or ability to 'buy out Europe' or 'control Europe' like some in Europe have said, but also supports the euro and European Union from start to finish," the daily said.
The summit came as one of the main international credit agencies, Moody's, downgraded its ratings for six European countries, including Italy, Portugal and Spain.
It also downgraded the credit outlook for France, Britain and Austria.

What went wrong in Greece?

 

Moody's said the changes reflected Europe's weak economic prospects and the uncertainty over the resources that will be made available to tackle the continent's debt crisis.

On Sunday, the Greek parliament approved tough new austerity measures.
Greece is trying to secure a 130bn euro ($170bn; £110bn) bail-out from the EU and IMF to prevent it defaulting on its massive debts.
The deal, which has not yet been finalised, could write off around half of Greece's privately-held debt.

 

 

 

 

 

 

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Protests on eve of Bahrain uprising anniversary

 

Amnesty and other rights groups have expressed

   concern over the 'misuse' of tear gas

 

Bahraini security forces have fired teargas and stun grenades at protesters gathered ahead of the first anniversary of pro-democracy demonstrations.

Protesters tried to gain control of the Pearl roundabout in the capital, Manama - the focal point of protests last year.

Thousands of riot police and other security forces have been deployed across the kingdom.

At least 60 people have died since the Shia-led protests began last February.

Demonstrators on Monday evening advanced about 2km (1.5 miles) on Pearl roundabout before they were pushed back by teargas and rubber bullets, Reuters reports.

"We will not back down,'" said Nader Abdulimam, who sought shelter in a house with other protesters to get away from the tear gas.

"This has gone on for one year and it will go for another year or more.''

The demonstrators, who are from the Shia majority, are demanding a constutional monarchy in Bahrain.

The government of King Hamad bin Isa al-Khalifa says it is meeting its commitments to introduce political reforms, correspondents say.

But the opposition, as well as human rights groups, say little is being done to curb the police.

An independent inquiry was set up by King Hamad after growing international condemnation of human rights abuses. In a report in November, it confirmed excessive use of force and systematic torture of prisoners in detention by security forces.

Last February, protesters occupied the square for a month and were only driven out after neighbouring Saudi Arabia and other Sunni-ruled Gulf states dispatched troops to Bahrain to help clear it.

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Story sword "to end the lives of 5 girls in Thumamah ((and the security authorities confirms the absence of suspicion of criminal behind the incident

Ended the sharp edge of the Tas sand in a park "Thumamah wild" the lives of five girls on Thursday evening, while sent six others to hospital Chemissi and King Faisal Specialist Hospital, and the sharp edge and the so-called fans hobby Alttaiss "the story of the sword" surprised the girls who went out in the modern model for a car, "Toyota Land Cruiser" Wild Alttaiss engaged in a private farm owned by the family of one of them. Girls were going out their heads and bodies from the windows of the vehicle, I was surprised when the leader of the car marked by the sharp sand to turn the car in the incident.And considered the security authorities, which began a traffic accident that is purely and there is no suspicion of criminal.The incident, which occurred in a park road north east of the capital Riyadh (Thumamah) in the late evening of yesterday, killing five girls and wounding six others are still receiving medical care in a hospital Chemissi (central Riyadh), according to a medical source saidThe source said that the infected have been subjected to serious injuries ranging from multiple fractures and bruises in the important parts of their bodies, making it necessary to survival under intensive care.It was close to the area of the incident, have informed the competent authorities thereof, where teams went Red Crescent, security patrols and the passage of Riyadh to the location of the incident.The incident, which is still shrouded in some mystery classified as a traffic accident and there is no purely any suspicion of criminal.Denied the assistant press secretary for the Riyadh Region Police Major Fawaz Maiman in a comment on the incident and there is no suspicion of criminal behind the incident or the existence of harassment contributed to the incident, pointing out that the car was led by a woman in the middle of the second decade of life, along with ten of her colleagues, and crashed into a barrier of dirt in Park, particularly in the area Thumamah northeast of Riyadh.For his part, said the supervisor of the incident from the Red Crescent Mazin Al-Ghamdi said that girls were not are leading to a paved road, but on a hill of sand, pointing out that the report of the incident have not yet been released. He stated that this incident is only for girls during the holiday period.The girls ranged in age between 18 and 25 years in the tower will, according to Al-Watan newspaper.

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