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| Paralysis In Athens |
 WITH an excruciating choice
between austerity measures
and a departure from
the euro, the birthplace of
democracy is paralysed
with indecision.
Athens - "What are we waiting for,
assembled in the forum?" asked the
Greek poet Constantine Cavafy in
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| OBAMA AND
SUDAN |
 I'D like to introduce a valiant
woman here, Mariam Tia, to
President Barack Obama and
other world leaders, so she
could explain how they're
allowing Sudan's leaders to get
away with mass atrocities that echo
Darfur.
Once again, in Sudan there ... |
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 | QE index lost 4.1% to
finish at 8,416 in May THE comparative performance
of selected stock market
performance in May was not
good for most stock markets
during which performance of all
the 14 selected stock markets
was negative.
According to the Alshall market
report, the disappointing performance.
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| | Spanish bailout could reach €100 billion: EU |  A BAILOUT for Spain´s teetering
banks, once requested by Madrid,
could amount to as much as 100
billion euros, two senior EU
sources said on Saturday.
Spain has not yet made a formal
request for European aid but
it could come during a conference
call of eurozone finance ministers,
the sources, who were both
on an earlier call to discuss the
technicalities of a rescue, said.
"A decision on Spain will only
be taken ... by the ministers (in a
second call). Madrid has not officially
asked for help yet," one of
the officials said. "The statement
will mention 100 billion euros as
an upper limit."
The Eurogroup of finance ministers
is scheduled to begin its call
at 4 pm Brussels time (1400
GMT). Earlier, its chairman,
Jean-Claude Juncker... | | | American Airlines, union
talks on cost cutting fail |  AMERICAN Airlines failed to
agree on cost-cutting measures
with its flight attendants´
union, setting the
stage for a judge to rule on
voiding the contract for the
bankrupt carrier, a subsidiary
of AMR Corp, the
union said in a statement lon
Friday.
The Fort Worth, Texasbased
airline filed for Chapter
11 bankruptcy protection in
November, citing a need to
cut labour costs, while its
flight attendant and pilot
unions have pushed for a
merger with rival carrier US
Airways Corp to reduce
expenses.
Talks between American
Airlines and the Association
of Professional Flight
Attendants ended without
reaching a deal after two days
of meetings, union spokeswoman
Leslie Mayo said in
the statement.
"Today, mediated talks... | | | China industrial output
grew at 9.6% rate in May |  CHINA´S industrial output
grew at a slower-than-expected
9.6 percent year-on-year
in May, a faster clip than the
previous month but still near
three-year-lows, the government
said on Saturday.
While production from the
country´s millions of factories
and workshops was
stronger than the 9.3 percent
expansion seen in April,
it was still lower than forecasts
of a 9.9 percent gain in
a Dow Jones Newswires poll
of 14 economists.
"The turning point hasn´t
come yet. Economic growth
is still declining," Citigroup
economist Shuang Ding told
Dow Jones Newswires.
The disappointing figures
came as Beijing seeks to
boost economic growth to
avoid a hard landing in the
world´s second largest economy,
with other data showing
falling ... | |
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