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European Debt Crisis Fast Facts Here’s a look at the European Debt Crisis, which affected Cyprus, Greece, Ireland, Italy, Portugal and Spain. Cyprus July 11, 2011 – A munitions explosion at a naval base kills 13 people and destroys the country’s main power station. The resulting blackouts severely impact the tourism and finance sectors of the economy. December 23, 2011 – After a series of credit downgrades and exposure to the financial crisis in Greece, Cyprus signs an agreement with Russia for an emergency loan worth €2.5 billion to shore up its economy. Cyprus agrees to pay the loan back over 4.5 years with a 4.5% interest rate. ....
rape of a new york hotel maid on may 1 th. strauss-kahn is out on $6 million bail but confined to a new york townhouse. opposition social democrats have ousted the socialists in portugal s government. they will now attempt to form a coalition government. one of the tasks is head is meeting eu requirements to receive bailout funds for portugal s embattled economy. the left-leaning candidate is claiming victory in peru s presidential edesk. the latest polls show him with a narrow lead over his rival fujimori. those are the headlines. i m monita rajpal, world business today. good morning from cnn london, a warm welcome to world business today. i m charles hodson and these are the top stories on monday, the 6th of june. taxiing towards trouble. the aviation industry slashes profit forecasts in half. as sky high oil prices take their toll. it s your problem now. portugal social democrats claim election victory and inherit an in-trade piled high with problems. ....
and now, bbc world news. an emergency meeting of e.u. agricultural ministers has been called over the deadly e. coli outbreak in engineer mean. victims of a pakistani taliban attack have been buried, while american droughns target militants near the afghan border. as president saleh recovers from surgery in saudi arabia, will he be strong enough to return to power? welcome to bbc world news. i m fweet greet. also in this program the u.n. s atopic watch dog is expected to reach syria over its alleged covert nuclear program. and in mexico, catholicism and paganism, the preferred faith of drug traffickers and criminals. european union agriculture ministers have called an emergency meeting for tomorrow to discuss the e. coli outbreak that s gripping the continent. in the next few hours, germany is due to confirm the exact source of the bacteria. test results are expected to show that bean sprouts, grown in a farm south of hamburg, are the most likely origin. s ....
fugate updates the recovery efforts, after deadly tornadoes and flooding ravaged the south and midwest. woodruff: from libya, alex thompson of independent television news has the story of an aid ship that defied a deadly attack to rescue migrant workers and refugees. to get in and get out of misurata port involves congregating around 1500 people in the middle of a shelling zone for anything up to five or six hours. it is not an easy call. brown: and paul solman has a conversation with the academy award-winning director of inside job a documentary on the financial crisis, economics professors and conflicts of interest. unfortunately, this issue is now pervasive in american academia and in my view, it s a grave threat to the independence of academic research in the university system. woodruff: that s all ahead on tonight s newshour. major funding for the pbs newshour has been provided by: in 1968, as whaling continued worldwide, the first recordings of hump ....