27/06/2012
The Presidency of the Parliament to respond to Maliki: everyone accountable and questioning at the request of the House of Representatives
Baghdad, received the Presidency of the Council of Representatives on a statement to the Prime Minister that there is no questioning nor the withdrawal of confidence, but after correcting the legislative institution in a statement saying that everyone must respect the Constitution through the obligatory presence of everyone in the Council of accountability or questioning at the request of the Council.
A statement by the House of Representatives received by the independent press (Iba) a copy of it on Wednesday, I came across the Presidium of the House of Representatives on what is stated at the press conference of the Prime Minister last Sunday in which he said he does not question or withdraw confidence only when the correct development of the legislative institution in which the deputies they issues related to terrorism and fraud, adding that there are two options only two either dialogue or that the case does not assume the continuation of legislative authority hijacked and we have to go off either freezing, or early elections to continue this case obstructionist.
He added that the constitution specify that the Iraqi state, federal, state and system of government is a parliamentary democratic, and that the House of Representatives the highest authority which, gaining its legitimacy from the people with acquired other authorities legitimacy of the Council, and that the principle of separation of powers is one of the basic principles of the regime and that the Council's terms of reference for legislative and regulatory which give confidence to the Executive paillasse according to the constitutional mechanisms and to approve the appointments of key executive and judicial branches, which form the basis of the proper building of the Iraqi state, and required oversight role for the implementation of the mechanism for accountability, accounting and all consequent results.
The statement continued, and succeeded the House of Representatives in the legislation of many important laws related to public life for the Iraqi people, and the establishment of democratic principles in the forefront of the laws with regard to ministries other than those that did not send the government until now to organize the work of other ministries, as well as legislation about percent law in the past two legislatures of the second session of the current, including the Rules of Supreme Audit and the integrity and the accountability and justice, housing fund and the grant monthly for patients with immune deficiency, in addition to the legislation laws of commissions and independent bodies and the laws of the elections that paved the way for the holding of the parliament and provincial councils and regions in all its laws and public budgets for the years previous, current and control implementation, and its active role in achieving transitional justice and the elimination of dozens of resolutions of the dissolved Revolutionary Command Council, which burdened the citizen and the government, and legislation of laws related to the advancement of the economic aspect and living conditions of citizens and the ratification of the treaties and international agreements and the ensuing evacuation of the occupying forces and the return of full sovereignty of the country.
He also initiated the Terms of Service university and school holidays and those affected by the terrorist attacks, despite the political crisis that wracked the country and the deterioration of security situation and the delay in forming the government, while currently preparing to vote on more than one hundred and fifty law and emphasize the need to respect the Constitution through the obligatory presence of everyone in the Council Representatives of accountability or questioning at the request of the Council so as not to prejudice the stress on the basic pillar of democracy building and not to the guardianship of the Iraqi people nor the House of Representatives and its legitimate representatives or looting their will.
The statement concluded by saying the Presidency of the Parliament and the Council finally determined to go ahead with the exercise of its legislative and oversight in order to preserve the Secretariat, which carried them to the Iraqi people.
Prime Minister Nuri al-Maliki said after meeting the President of the National Alliance at a press conference Sunday evening that he does not question, nor the issue of withdrawal of confidence only when the correct development of the legislative institution, it wants to do this kind of work he has to correct the legal status of legislation, and address for the irregularities within the Parliament and within the blocks that make up the Parliament; even go to question or ask another case of these issues, he said I have said, and say that there is a violation of the Constitution of the explicit and clear, not just offense, and I regret that the vocal is more people in violation of the Constitution, She explained that we can not move this case to no end, and the intended reactions that are meant to obstruct the work of the government and the process Alssayashemtemha who refuse the dialogue that they want to dictations and we reject the spelling, and we refuse to enter into our institutions of constitutional legitimacy, particularly Parliament.
source
Tuesday, June 26, 2012
Soon .. Implementation of the European Investment Bank in Baghdad
26/06/2012
Soon .. Implementation of the European Investment Bank in Baghdad
Baghdad, announced the Baghdad Provincial Council for the implementation of the project near a European investment bank.
The head of the provincial council full-Zaidi on the sidelines of the signing ceremony of a memorandum of understanding with the Ukrainian companies for the implementation of investment projects: "Project will be implemented in a European investment bank in Baghdad and the establishment of a tourist city in addition to the waste treatment plant."
He said in a statement received / JD / copy of it: "The investment move aimed at the development of services and infrastructure in Baghdad and employment Iraq in these projects to help reduce the unemployment rate among young people.
Was the Baghdad Provincial Council may have a memorandum of understanding with a group of companies (cmd ) of Ukraine, to implement a number of investment projects in the capital. He said al-Zaidi: the aim of the signing of the MOU is to enhance the investment partnership, coordination and cooperation to improve the investment reality in Baghdad.
source
Soon .. Implementation of the European Investment Bank in Baghdad
Baghdad, announced the Baghdad Provincial Council for the implementation of the project near a European investment bank.
The head of the provincial council full-Zaidi on the sidelines of the signing ceremony of a memorandum of understanding with the Ukrainian companies for the implementation of investment projects: "Project will be implemented in a European investment bank in Baghdad and the establishment of a tourist city in addition to the waste treatment plant."
He said in a statement received / JD / copy of it: "The investment move aimed at the development of services and infrastructure in Baghdad and employment Iraq in these projects to help reduce the unemployment rate among young people.
Was the Baghdad Provincial Council may have a memorandum of understanding with a group of companies (cmd ) of Ukraine, to implement a number of investment projects in the capital. He said al-Zaidi: the aim of the signing of the MOU is to enhance the investment partnership, coordination and cooperation to improve the investment reality in Baghdad.
source
Colorado wildfire: 32,000 people evacuated in Waldo Canyon fire
June 26, 2012COLORADO SPRINGS -- The Waldo Canyon fire exploded Tuesday afternoon, forcing thousands of people to evacuate as smoke covered the northwest part of the city.
Houses were engulfed in flames as evening arrived. The historic Flying W Ranch, west of town, confirmed on its website that the popular site for chuck wagon outings had "burned to the ground."
The latest evacuations were for most of northwest Colorado Springs, including Pinon Valley, Rockrimmon and Woodmen valley, home to thousands of residents. The Pine Valley housing area south of the Air Force Academy was evacuated and, about 7:30 p.m., the academy itself was ordered evacuated.
Tuesday Evening ~ National Alliance meeting will be held this evening in the presence of al-Maliki
June 26, 2012
National Alliance meeting will be held this evening in the presence of al-Maliki
Baghdad - where said a source familiar with the presence of Prime Minister Nuri al-Maliki to the meeting of the National Alliance to be held this evening.
said the source, who declined to be identified, told all of Iraq [where] on Tuesday that "the meeting of the political body of the National Alliance to be held this evening, the home of the President of the National Alliance Ibrahim will attend Prime Minister Nuri al-Maliki to discuss the developments of the political crisis in the country and ways to develop the necessary solutions to them. "
The MP for the coalition of state law Haitham Jubouri confirmed to [where] earlier in the day that the political body of the National Alliance will meet today, as will meet the General of the Alliance tomorrow to discuss the most prominent political developments in the country.
The National Alliance held a meeting last week, the form of the two committees, one for crisis management in the country and the other for reforms in the political process. The political scene in Iraq a severe crisis, the exchange of accusations between the blocks of months ago about a number of files relating to partnership in the state administration and the marginalization of some political parties and not to resolve some issues, including the lack of naming ministers security and legislation of certain laws as law of oil and gas and the Federal Court as well as the crisis of confidence for Prime Minister Nuri al-Maliki and others.
It is said that the call for the withdrawal of confidence from the al-Maliki over the President of the Republic has failed after President Talabani on June 9 the current that the number of signatories to the request to withdraw confidence reached [160] vice only which is less than the required number of [163] and called once again to hold the national meeting to resolve the political crisis.
For his part, and in a clear rejection by al-Maliki to the subject Withdrawal of confidence with him during a joint press conference after his meeting with the President of the National Alliance Ibrahim al-Jaafari on Sunday, "We have what we can do and the other party can object to it, but the country will pay the price there is no question, nor the issue of withdrawal of confidence only when the correct development of the legislative institution, of that is based upon this kind of work to correct the legislative and legal status, must address the irregularities within the Parliament and within the blocks that make up the Parliament; even go to question or ask another case of these issues.
source
National Alliance meeting will be held this evening in the presence of al-Maliki
Baghdad - where said a source familiar with the presence of Prime Minister Nuri al-Maliki to the meeting of the National Alliance to be held this evening.
said the source, who declined to be identified, told all of Iraq [where] on Tuesday that "the meeting of the political body of the National Alliance to be held this evening, the home of the President of the National Alliance Ibrahim will attend Prime Minister Nuri al-Maliki to discuss the developments of the political crisis in the country and ways to develop the necessary solutions to them. "
The MP for the coalition of state law Haitham Jubouri confirmed to [where] earlier in the day that the political body of the National Alliance will meet today, as will meet the General of the Alliance tomorrow to discuss the most prominent political developments in the country.
The National Alliance held a meeting last week, the form of the two committees, one for crisis management in the country and the other for reforms in the political process. The political scene in Iraq a severe crisis, the exchange of accusations between the blocks of months ago about a number of files relating to partnership in the state administration and the marginalization of some political parties and not to resolve some issues, including the lack of naming ministers security and legislation of certain laws as law of oil and gas and the Federal Court as well as the crisis of confidence for Prime Minister Nuri al-Maliki and others.
It is said that the call for the withdrawal of confidence from the al-Maliki over the President of the Republic has failed after President Talabani on June 9 the current that the number of signatories to the request to withdraw confidence reached [160] vice only which is less than the required number of [163] and called once again to hold the national meeting to resolve the political crisis.
For his part, and in a clear rejection by al-Maliki to the subject Withdrawal of confidence with him during a joint press conference after his meeting with the President of the National Alliance Ibrahim al-Jaafari on Sunday, "We have what we can do and the other party can object to it, but the country will pay the price there is no question, nor the issue of withdrawal of confidence only when the correct development of the legislative institution, of that is based upon this kind of work to correct the legislative and legal status, must address the irregularities within the Parliament and within the blocks that make up the Parliament; even go to question or ask another case of these issues.
source
Shahristani: Iraq on the verge of a major development plan
Related article .. link *G20 Finance Ministers and Central Bank Governors Discussed Global Initiative to Fund Infrastructure
06/27/2012 0:00
Shahristani: Iraq on the verge of a major development plan
Addressed the members of the Indonesian parliament
Baghdad - Al Sabah
Said Deputy Prime Minister for Energy, Hussein al-Shahristani, that Iraq is about to plan major development in the industry strategy.
And search al-Shahristani, who is visiting Jakarta with Indonesian Vice President iPod Aono and Chairman of the Chamber of Commerce and Industry and a number of representatives of major companies and investors ways to develop bilateral relations.
Called al-Shahristani, companies and investors Indonesians to contribute to the reconstruction of Iraq according to a statement of his press office has received "morning," a copy of it.
06/27/2012 0:00
Shahristani: Iraq on the verge of a major development plan
Addressed the members of the Indonesian parliament
Baghdad - Al Sabah
Said Deputy Prime Minister for Energy, Hussein al-Shahristani, that Iraq is about to plan major development in the industry strategy.
And search al-Shahristani, who is visiting Jakarta with Indonesian Vice President iPod Aono and Chairman of the Chamber of Commerce and Industry and a number of representatives of major companies and investors ways to develop bilateral relations.
Called al-Shahristani, companies and investors Indonesians to contribute to the reconstruction of Iraq according to a statement of his press office has received "morning," a copy of it.
IRS Says Offshore Effort Tops $5 Billion, Announces New Details on the Voluntary Disclosure Program and Closing of Offshore Loophole
June 26, 2012
Issue Number: IR-2012-64
IRS Says Offshore Effort Tops $5 Billion, Announces New Details on the Voluntary Disclosure Program and Closing of Offshore Loophole
WASHINGTON — The Internal Revenue Service today announced that its offshore voluntary disclosure programs have exceeded the $5 billion mark and released new details regarding the voluntary disclosure program announced in January, including tightening the eligibility requirements.
"We continue to make strong progress in our international compliance efforts that help ensure honest taxpayers are not footing the bill for those hiding assets offshore," said IRS Commissioner Doug Shulman. "People are finding it tougher and tougher to keep their assets hidden in offshore accounts."
Issue Number: IR-2012-64
IRS Says Offshore Effort Tops $5 Billion, Announces New Details on the Voluntary Disclosure Program and Closing of Offshore Loophole
WASHINGTON — The Internal Revenue Service today announced that its offshore voluntary disclosure programs have exceeded the $5 billion mark and released new details regarding the voluntary disclosure program announced in January, including tightening the eligibility requirements.
"We continue to make strong progress in our international compliance efforts that help ensure honest taxpayers are not footing the bill for those hiding assets offshore," said IRS Commissioner Doug Shulman. "People are finding it tougher and tougher to keep their assets hidden in offshore accounts."
Sadrists withdraw from the interrogation process ...
06/27/2012
Sadrists withdraw from the interrogation process
One day after the rejection of al-Maliki and prepare questions before
BAGHDAD - Omar Abdel-Latif
the new position is explained by some or not to support the conviction, announced that the Liberal block of the Sadrist movement it will not participate in the process of questioning of Prime Minister Nuri al-Maliki in the House of Representatives.
This position comes a day after one of the prime minister refused to question him in the parliament. The head of the Liberal bloc, Bahaa al reported that the bloc in a clear and explicit both the Alliance of Kurdistan and the Iraqi List, not to share in the process of interrogation. He said al-Araji, said in a statement reported by news agencies: "The Liberal bloc will not be part of the formal aspect of interrogation."
The Prime Minister said yesterday: "we've got something to say about issue of interrogations, and the other party can be exposed to, but the country will pay the price.
Sadrists withdraw from the interrogation process
One day after the rejection of al-Maliki and prepare questions before
BAGHDAD - Omar Abdel-Latif
the new position is explained by some or not to support the conviction, announced that the Liberal block of the Sadrist movement it will not participate in the process of questioning of Prime Minister Nuri al-Maliki in the House of Representatives.
This position comes a day after one of the prime minister refused to question him in the parliament. The head of the Liberal bloc, Bahaa al reported that the bloc in a clear and explicit both the Alliance of Kurdistan and the Iraqi List, not to share in the process of interrogation. He said al-Araji, said in a statement reported by news agencies: "The Liberal bloc will not be part of the formal aspect of interrogation."
The Prime Minister said yesterday: "we've got something to say about issue of interrogations, and the other party can be exposed to, but the country will pay the price.
Iraq's Najafi and UN's Kobler ~ United Nations refused to intervene and Washington, calls for reforms
06/27/2012
Najafi looking political developments with Kubler and Beecroft
United Nations refused to intervene and Washington, calls for reforms of
Baghdad - Al Sabah
discuss House Speaker Osama Najafi with the representative of the Secretary-General of the United Nations in Iraq Martin Kobler and Acting U.S. Embassy Robert Beecroft repercussions of the political crisis and its impact on the overall democratic process in the country.
He Nujaifi during a meeting with Kubler on "Iraq's need urgent international assistance in monitoring the practices of democracy."
said supporting the House of Representatives of the role of the United Nations under the
agreements and United Nations resolutions in this regard.
For his part, expressed Kubler "concern the United Nations of the continuing political crisis in Iraq without radical solutions," denying any intervention of the United Nations in Iraq's internal affairs.
and called for the UN official on all parties to the dialogue quick and hard for a renaissance of development projects. The two sides discussed the tensions at the regional level and especially the situation in Syria, as expressed Najafi, "concern about the instability of the situation in the region because of the negative impact on the situation inside Iraq, which still suffers from the situation is stable. "
Najafi looking political developments with Kubler and Beecroft
United Nations refused to intervene and Washington, calls for reforms of
Baghdad - Al Sabah
discuss House Speaker Osama Najafi with the representative of the Secretary-General of the United Nations in Iraq Martin Kobler and Acting U.S. Embassy Robert Beecroft repercussions of the political crisis and its impact on the overall democratic process in the country.
He Nujaifi during a meeting with Kubler on "Iraq's need urgent international assistance in monitoring the practices of democracy."
said supporting the House of Representatives of the role of the United Nations under the
agreements and United Nations resolutions in this regard.
For his part, expressed Kubler "concern the United Nations of the continuing political crisis in Iraq without radical solutions," denying any intervention of the United Nations in Iraq's internal affairs.
and called for the UN official on all parties to the dialogue quick and hard for a renaissance of development projects. The two sides discussed the tensions at the regional level and especially the situation in Syria, as expressed Najafi, "concern about the instability of the situation in the region because of the negative impact on the situation inside Iraq, which still suffers from the situation is stable. "
Vietnam and EU ~ EU Trade Talks Progress May Trigger Vietnam Investment Revival ...
Related articles .. link .. *Vietnam: Reform to Stabilize Economy .. and Link .. Links Vietnam Currency - .. and Link .. *Links ~ Vietnam Articles of Interest part 2 ....includes part 1 and additional links ...
June 26, 2012
EU Trade Talks Progress May Trigger Vietnam Investment Revival
Progress in free-trade talks between the European Union and Vietnam may trigger a resurgence of investment in the Southeast Asian nation from companies within the 27-nation bloc, the EU’s top representative in Vietnam said.
Early headway in negotiations would boost interest in Vietnam even before an accord is signed, Ambassador Franz Jessen, head of the European Union delegation to Vietnam, said in an interview. Vietnam’s Minister of Industry and Trade Vu Huy Hoang is scheduled to meet EU Trade Commissioner Karel De Gucht in Brussels today to announce the negotiations, he said.
June 26, 2012EU Trade Talks Progress May Trigger Vietnam Investment Revival
Progress in free-trade talks between the European Union and Vietnam may trigger a resurgence of investment in the Southeast Asian nation from companies within the 27-nation bloc, the EU’s top representative in Vietnam said.
Early headway in negotiations would boost interest in Vietnam even before an accord is signed, Ambassador Franz Jessen, head of the European Union delegation to Vietnam, said in an interview. Vietnam’s Minister of Industry and Trade Vu Huy Hoang is scheduled to meet EU Trade Commissioner Karel De Gucht in Brussels today to announce the negotiations, he said.
Basel III ~ Final rules on banks' disclosure of the composition of their capital issued by the Basel Committee
June 26, 2012
Link .. *Full text
Final rules on banks' disclosure of the composition of their capital issued by the Basel Committee
The Basel Committee on Banking Supervision today issued its final rules on the information banks must disclose when detailing the composition of their capital. Entitled Link ..Composition of capital disclosure requirements - Rules text, the publication sets out a framework to ensure that the components of banks' capital bases are disclosed in standardised formats across jurisdictions.
During the financial crisis, market participants and supervisors were hampered in their efforts to undertake detailed assessments of banks' capital positions and make comparisons across jurisdictions. Adding to these difficulties were insufficiently detailed disclosure by banks and a lack of consistency in reporting across banks and jurisdictions.
This lack of clarity may have contributed to uncertainty during the financial crisis and could have masked how far banks were relying on forms of capital that were insufficiently loss-absorbent. The disclosure requirements published today should help to improve market discipline by enhancing both transparency and comparability.
Link .. *Full text
Final rules on banks' disclosure of the composition of their capital issued by the Basel Committee
The Basel Committee on Banking Supervision today issued its final rules on the information banks must disclose when detailing the composition of their capital. Entitled Link ..Composition of capital disclosure requirements - Rules text, the publication sets out a framework to ensure that the components of banks' capital bases are disclosed in standardised formats across jurisdictions.
During the financial crisis, market participants and supervisors were hampered in their efforts to undertake detailed assessments of banks' capital positions and make comparisons across jurisdictions. Adding to these difficulties were insufficiently detailed disclosure by banks and a lack of consistency in reporting across banks and jurisdictions.
This lack of clarity may have contributed to uncertainty during the financial crisis and could have masked how far banks were relying on forms of capital that were insufficiently loss-absorbent. The disclosure requirements published today should help to improve market discipline by enhancing both transparency and comparability.
EU says Iran oil embargo will be enforced July 1
June 26, 2012
EU says Iran oil embargo will be enforced July 1
The European Union confirmed Monday that a ban on oil imports from Iran will go ahead as planned on July 1 due to the lack of progress in talks on Tehran's contested nuclear drive.
"The latest package of EU sanctions against Iran will apply as earlier decided," EU foreign ministers said in a statement.
Confirmation the embargo will be enforced comes days after talks flopped in Moscow between Iran and the P5+1 group (the United States, Britain, France, Russia, China and Germany). It was the latest of three high-level meetings in three months to fail to make headway.
EU says Iran oil embargo will be enforced July 1
The European Union confirmed Monday that a ban on oil imports from Iran will go ahead as planned on July 1 due to the lack of progress in talks on Tehran's contested nuclear drive.
"The latest package of EU sanctions against Iran will apply as earlier decided," EU foreign ministers said in a statement.
Confirmation the embargo will be enforced comes days after talks flopped in Moscow between Iran and the P5+1 group (the United States, Britain, France, Russia, China and Germany). It was the latest of three high-level meetings in three months to fail to make headway.
Chile Is Latest Country To Launch Renminbi Swaps And Settlement ...
June 26, 2012
Chile Is Latest Country To Launch Renminbi Swaps And Settlement
By Tyler Durden
The dollar exclusion list is becoming bigger and bigger with every passing day as China gets ready.
For simplicity's sake here is the full list of "bilateral" arranagements in the past year as presented previously: *"World's Second (China) And Third Largest (Japan) Economies To Bypass Dollar, Engage In Direct Currency Trade", *"China, Russia Drop Dollar In Bilateral Trade", *"China And Iran To Bypass Dollar, Plan Oil Barter System", *"India and Japan sign new $15bn currency swap agreement", *"Iran, Russia Replace Dollar With Rial, Ruble in Trade, Fars Says", *"India Joins Asian Dollar Exclusion Zone, Will Transact With Iran In Rupees", *"The USD Trap Is Closing: Dollar Exclusion Zone Crosses The Pacific As Brazil Signs China Currency Swap."
And now the latest: *"China, Chile To Establish Strategic Partnership, Boost Trade... Launch Currency Swap and Settle In Renminbi"
China and Chile agreed Tuesday to upgrade their bilateral ties to a strategic partnership, and double trade in three years.
Chile Is Latest Country To Launch Renminbi Swaps And Settlement
By Tyler Durden
The dollar exclusion list is becoming bigger and bigger with every passing day as China gets ready.
For simplicity's sake here is the full list of "bilateral" arranagements in the past year as presented previously: *"World's Second (China) And Third Largest (Japan) Economies To Bypass Dollar, Engage In Direct Currency Trade", *"China, Russia Drop Dollar In Bilateral Trade", *"China And Iran To Bypass Dollar, Plan Oil Barter System", *"India and Japan sign new $15bn currency swap agreement", *"Iran, Russia Replace Dollar With Rial, Ruble in Trade, Fars Says", *"India Joins Asian Dollar Exclusion Zone, Will Transact With Iran In Rupees", *"The USD Trap Is Closing: Dollar Exclusion Zone Crosses The Pacific As Brazil Signs China Currency Swap."
And now the latest: *"China, Chile To Establish Strategic Partnership, Boost Trade... Launch Currency Swap and Settle In Renminbi"
China and Chile agreed Tuesday to upgrade their bilateral ties to a strategic partnership, and double trade in three years.
U.S. beefs up Persian Gulf forces
June 26, 2012
U.S. beefs up Persian Gulf forces
The U.S. military buildup in the Persian Gulf is gathering pace, with four more Navy mine countermeasures ships arriving.
DUBAI, In the wake of Iran's refusal to rein in its contentious nuclear program at talks in Moscow, the U.S. military buildup in the Persian Gulf is gathering pace, with four more Navy mine countermeasures ships arriving at the weekend.
The Avenger class vessels out of San Diego will join eight U.S. and British navy mine hunters deployed in the region.
Their main mission will be to keep open the strategic Strait of Hormuz, the only way in and out of the gulf, if the Iranians carry through on a threat to close the vital energy artery through which one-fifth of the world's oil supplies pass every day.
U.S. beefs up Persian Gulf forces
The U.S. military buildup in the Persian Gulf is gathering pace, with four more Navy mine countermeasures ships arriving.
DUBAI, In the wake of Iran's refusal to rein in its contentious nuclear program at talks in Moscow, the U.S. military buildup in the Persian Gulf is gathering pace, with four more Navy mine countermeasures ships arriving at the weekend.
The Avenger class vessels out of San Diego will join eight U.S. and British navy mine hunters deployed in the region.
Their main mission will be to keep open the strategic Strait of Hormuz, the only way in and out of the gulf, if the Iranians carry through on a threat to close the vital energy artery through which one-fifth of the world's oil supplies pass every day.
Europe Has Three Days, Not Three Months, to Avoid 'Fiasco': Soros
June 3rd article .. link .. *Soros says Europe has 'Three Months' to Save Euro
And Related Articles .. link *Links ~ Bretton Woods' Articles Of Interest ...
June 25, 2012
Europe Has Three Days, Not Three Months, to Avoid 'Fiasco': Soros
Multibillionaire financier George Soros said Monday Europe's leaders have three days to agree on how to fix the euro zone crisis ahead of this week's summit of world leaders -- a dramatically shorter timetable than the "three months' window" he said at the beginning of June that Europe's leaders had to fix their problems.
"Unless that is resolved in the next three days, then I am afraid the summit could turn out to be a fiasco. That could actually be fatal," Soros said on CNBC Monday morning. Soros, who is quickly becoming an éminence grise on the topic of the euro zone financial crisis, was making an appearance following the publication of an editorial in the Financial Times, where he warned the negotiating stance of German chancellor Angela Merkel going into this summit "threatens to turn the June summit into a fiasco."
And Related Articles .. link *Links ~ Bretton Woods' Articles Of Interest ...
June 25, 2012Europe Has Three Days, Not Three Months, to Avoid 'Fiasco': Soros
Multibillionaire financier George Soros said Monday Europe's leaders have three days to agree on how to fix the euro zone crisis ahead of this week's summit of world leaders -- a dramatically shorter timetable than the "three months' window" he said at the beginning of June that Europe's leaders had to fix their problems.
"Unless that is resolved in the next three days, then I am afraid the summit could turn out to be a fiasco. That could actually be fatal," Soros said on CNBC Monday morning. Soros, who is quickly becoming an éminence grise on the topic of the euro zone financial crisis, was making an appearance following the publication of an editorial in the Financial Times, where he warned the negotiating stance of German chancellor Angela Merkel going into this summit "threatens to turn the June summit into a fiasco."
Iraqi Dinar Revaluation .. Parliament and Fiance committee support revalue of Iraqi Dinar ...
26/06/2012 03:30 Parliament and Fiance committee support revalue of Iraqi Dinar
ERBIL, The Iraqi Parliament and the Finance Committee support the Central Bank of Iraq (CBI)’s efforts to revalue of the Iraqi Dinar through the removal of three zeros from the currency.
The CBI has announced that it has finalized plans to remove three zeros from the Iraqi currency in order to revalue it. The smallest unit of the current Iraqi current is 250 Iraqi Dinars which is equivalent to $0.20
The removal of three zeros is expected to raise the value of the Dinar as well as facilitate dealing with the currency and the payroll system in the country.
The Iraqi government and the securities committee have sounded fear that the process will negatively affect the Iraqi stock exchange market.
A member of the Finance Committee Najeeba Najeeb told AKnews that “there is a trend in the attitude of the legislative authority to support the CBI to restructure the Iraqi currency and remove three zeros by early next year”
“This subject is starting to become more significant for the Finance Committee members and the Economic Committee day after day” she said, “though the preparations by the CBI to implement the process are ongoing, they are not complete yet”
According to Najeeba, the process of removing the zeros from the Iraqi Dinar will be implemented over a period of two years through governmental banks. Also, the new currency will include small bills and coins as well as large bills equaling about $180 each.
SOURCE
Going Global Headline News For Tuesday, June 26, 2012
*Europe Has Three Days, Not Three Months, to Avoid 'Fiasco': Soros
*EBS To Change Way It Quotes Currencies
*NATO condemns downing of Turkish jet by Syria ...
*Soon .. Implementation of the European Investment Bank in Baghdad
*Euro nations may cede budget power to EU
*"Mr. Euro" named Greek finance minister
*Iraqi Dinar Revaluation .. Parliament and Fiance committee support revalue of Iraqi Dinar ...
*Exchange Rates ~ Articles of Interest ...
*Sinan Al Shabibi, CBI, (Speaker) World Banking and Finance Summit 2012, June 26-27-2012 ...
*Tuesday Meeting, June 26th, Syria and UN Security Council ~ Consultations on the UN Mission in Syria ahead of June 30th Meeting
*Sadr won’t back Maliki if reforms not expedited
*Hakim and UN representative Kobler discuss ways of resolving the current political crisis ...
*U.S. and Iraqi Business Dialogue, Third Round June 28th 2012 ..
*The International Arab Banking Summit IABS 2012 the Change, June 28-29-2012 ...
*S.Korea to halt Iran oil imports July 1st
*China PM calls for free trade with Lat-Am trade bloc
*New Zealand: Finance Minister English appoints former World Bank vice-president Graeme Wheeler next Reserve Bank Governor, replacing outgoing Bollard
*Finance Ministers Resigning (and replacements) .. So far ...
*Going Global Headline News For Monday, June 25, 2012 ...
June 26, 2012
U.N. moves decisively against the Green message to end Capitalism
The U.N. conference on sustainable development in Rio de Janeiro decisively rejected calls by green activists to shrink the world economy
The U.N. conference on sustainable development that concluded in Rio de Janeiro last week has decisively rejected calls by green activists to shrink the world economy. This aligns with commitments made coming out of the Group of Eight summit in Maryland in May where leaders promoted food security and agriculture investment.
Green groups like World Wide Fund for Nature and Greenpeace declared the Rio meeting a failure.
On the contrary, it was a rare success for finding agreement among U.N. members on how to advance environmental standards in ways that do not reduce economic growth.
It produced a lengthy declaration which addressed almost every major environmental issue on the global landscape. All of these problems are difficult. For each, a deliberate approach to address it was laid out.
It is pointless to advance measures which reduce economic growth as Green groups do. This is why the Copenhagen climate conference failed.
Yet unemployment, debt and failing economies are simply an inconvenience to environmental activists.
As they see it the planet is on the precipice of disaster -- too many people, too much consumption and too much production. For rational observers this is, of course, beyond absurd.
The last time world leaders met for an environmental summit in Rio de Janeiro they met amid the recent collapse of the Soviet Union, opening the world's eyes to central planning and its poverty-for-all mantra and the biggest global effort to open world markets in 40 years.
Twenty years on, the benefits are clear -- a world that's more open, prosperous and sustainable, healthy, clean, well-nourished and more secure. Open trade and greater access to goods, services and information will do that.
The Rio+20 meeting reaffirmed the importance of this. But environmental activists remain unsatisfied.
WWF states that under the free market model we consume and produce too much, a trend that will inevitably lead to shortages of food and depletion of resources because of a rapidly growing world. WWF argues that if people want to protect the environment, they should cut their consumption in half.
WWF proposed a new yardstick for a green economy, measuring that progress by their own distinct goals that would see environmental objectives overriding economic and social objectives.
What is Greenpeace's contribution? Something that damages business, of course. It has declared that six of the world's biggest companies should be boycotted because they generate wealth and jobs from activities and resources.
WWF's assertion that "greening" an economy does not cost development and jobs is environmental dogma and has no basis in sound economics.
WWF wants commercial forestry halted. Of course, if forestry clearance is stopped, expansion of agriculture is impeded and jobs are reduced. But WWF has the numbers wrong. Commercial forestry operations are not the major driver of forest clearance.
Wangari Maathai, the late African Nobel Peace Prize laureate and conservationist, once pointed out that "40 percent of wood taken from forests globally is used for basic energy needs such as cooking and heating."
Poverty, rather than market forces, is driving deforestation. Only through a marked increase in prosperity and trade will we see a considerable improvement in the management of the environment in the developing world.
Similarly, WWF claims that palm oil is the root cause of deforestation in Indonesia and Malaysia, despite the latter's government reserving half of its forest estate.
In Malaysia, palm oil production by small farmers supports approximately 1 million people. In Indonesia this is much higher, with 3 million people reaping the economic benefits of the country's booming palm oil industry.
In fact, the World Bank used to finance palm oil production in the developing world because they regularly saw first-hand how it lifted the poor and landless out of poverty -- such investment has been noted to be three times more effective at reducing poverty than any other sector.
But if governments tax success, WWF seeks to certify it, pushing certification schemes on Western retailers and government to adopt standards that would put palm oil and forestry from developing nations at a distinct competitive disadvantage. Greenpeace "greenmails" the companies which do not go along. But that's the point.
The Rio+20 outcome provides a path for rational and practicable solutions to environmental problems that do not reduce economic growth. The key is to follow them, and sideline radical environmental strategies.
source
U.N. moves decisively against the Green message to end Capitalism
The U.N. conference on sustainable development in Rio de Janeiro decisively rejected calls by green activists to shrink the world economy
The U.N. conference on sustainable development that concluded in Rio de Janeiro last week has decisively rejected calls by green activists to shrink the world economy. This aligns with commitments made coming out of the Group of Eight summit in Maryland in May where leaders promoted food security and agriculture investment.
Green groups like World Wide Fund for Nature and Greenpeace declared the Rio meeting a failure.
On the contrary, it was a rare success for finding agreement among U.N. members on how to advance environmental standards in ways that do not reduce economic growth.
It produced a lengthy declaration which addressed almost every major environmental issue on the global landscape. All of these problems are difficult. For each, a deliberate approach to address it was laid out.
It is pointless to advance measures which reduce economic growth as Green groups do. This is why the Copenhagen climate conference failed.
Yet unemployment, debt and failing economies are simply an inconvenience to environmental activists.
As they see it the planet is on the precipice of disaster -- too many people, too much consumption and too much production. For rational observers this is, of course, beyond absurd.
The last time world leaders met for an environmental summit in Rio de Janeiro they met amid the recent collapse of the Soviet Union, opening the world's eyes to central planning and its poverty-for-all mantra and the biggest global effort to open world markets in 40 years.
Twenty years on, the benefits are clear -- a world that's more open, prosperous and sustainable, healthy, clean, well-nourished and more secure. Open trade and greater access to goods, services and information will do that.
The Rio+20 meeting reaffirmed the importance of this. But environmental activists remain unsatisfied.
WWF states that under the free market model we consume and produce too much, a trend that will inevitably lead to shortages of food and depletion of resources because of a rapidly growing world. WWF argues that if people want to protect the environment, they should cut their consumption in half.
WWF proposed a new yardstick for a green economy, measuring that progress by their own distinct goals that would see environmental objectives overriding economic and social objectives.
What is Greenpeace's contribution? Something that damages business, of course. It has declared that six of the world's biggest companies should be boycotted because they generate wealth and jobs from activities and resources.
WWF's assertion that "greening" an economy does not cost development and jobs is environmental dogma and has no basis in sound economics.
WWF wants commercial forestry halted. Of course, if forestry clearance is stopped, expansion of agriculture is impeded and jobs are reduced. But WWF has the numbers wrong. Commercial forestry operations are not the major driver of forest clearance.
Wangari Maathai, the late African Nobel Peace Prize laureate and conservationist, once pointed out that "40 percent of wood taken from forests globally is used for basic energy needs such as cooking and heating."
Poverty, rather than market forces, is driving deforestation. Only through a marked increase in prosperity and trade will we see a considerable improvement in the management of the environment in the developing world.
Similarly, WWF claims that palm oil is the root cause of deforestation in Indonesia and Malaysia, despite the latter's government reserving half of its forest estate.
In Malaysia, palm oil production by small farmers supports approximately 1 million people. In Indonesia this is much higher, with 3 million people reaping the economic benefits of the country's booming palm oil industry.
In fact, the World Bank used to finance palm oil production in the developing world because they regularly saw first-hand how it lifted the poor and landless out of poverty -- such investment has been noted to be three times more effective at reducing poverty than any other sector.
But if governments tax success, WWF seeks to certify it, pushing certification schemes on Western retailers and government to adopt standards that would put palm oil and forestry from developing nations at a distinct competitive disadvantage. Greenpeace "greenmails" the companies which do not go along. But that's the point.
The Rio+20 outcome provides a path for rational and practicable solutions to environmental problems that do not reduce economic growth. The key is to follow them, and sideline radical environmental strategies.
source
EBS To Change Way It Quotes Currencies
June 26, 2012
EBS To Change Way It Quotes Currencies
Electronic inter-dealer currencies-trading platform EBS plans to scrap the fifth decimal place on its currency quotes and introduce so-called half-pip pricing ahead of major changes to the system, people familiar with the matter told Dow Jones Newswires Tuesday.
EBS, owned by ICAP PLC (IAP.LN), has been considering a range of options that will change the way investors are allowed to trade on the system in a bid to repair relations with its core banking customer base. EBS shares a dominant position in currency markets with Thomson Reuters (TRI), but it has come under fire from its core bank clients for ...
Read article here
EBS To Change Way It Quotes Currencies
Electronic inter-dealer currencies-trading platform EBS plans to scrap the fifth decimal place on its currency quotes and introduce so-called half-pip pricing ahead of major changes to the system, people familiar with the matter told Dow Jones Newswires Tuesday.
EBS, owned by ICAP PLC (IAP.LN), has been considering a range of options that will change the way investors are allowed to trade on the system in a bid to repair relations with its core banking customer base. EBS shares a dominant position in currency markets with Thomson Reuters (TRI), but it has come under fire from its core bank clients for ...
Read article here
NATO condemns downing of Turkish jet by Syria ...
June 26, 2012
NATO condemns downing of Turkish jet by Syria
Turkey threatens military retaliation along Syria border
BEIRUT — Turkey warned Syria on Tuesday that it had given orders to commanders along its southern border to treat any Syrian military approach as a threat, further escalating tensions between the two neighbors in the wake of last week’s downing of a Turkish plane by Syria.
The warning came as NATO issued a strong condemnation of Syria, saying the attack on the plane was “completely unacceptable” and stressing that NATO stands with Turkey “in the spirit of strong solidarity.”
NATO did not propose any measures against Syria, but Secretary General Anders Fogh Rasmussen told reporters in Brussels that the organization would closely monitor events along Turkey’s southeastern border and would gather to “discuss what else will be done” should another such incident occur.
“It is my clear expectation that the situation won’t continue to escalate,” Rasmussen said. “What we have seen is a completely unacceptable act, and I would expect Syria to take all necessary steps to avoid such events in the future.”
In a strongly worded speech in Ankara, Turkey, Prime Minister Recep Tayyip Erdogan said the shooting of the plane was deliberate and that henceforth “any military approach to the Turkish border from the Syrian side will be perceived as a threat and will be dealt with accordingly.”
READ FULL ARTICLE HERE
NATO condemns downing of Turkish jet by Syria
Turkey threatens military retaliation along Syria border
BEIRUT — Turkey warned Syria on Tuesday that it had given orders to commanders along its southern border to treat any Syrian military approach as a threat, further escalating tensions between the two neighbors in the wake of last week’s downing of a Turkish plane by Syria.
The warning came as NATO issued a strong condemnation of Syria, saying the attack on the plane was “completely unacceptable” and stressing that NATO stands with Turkey “in the spirit of strong solidarity.”
NATO did not propose any measures against Syria, but Secretary General Anders Fogh Rasmussen told reporters in Brussels that the organization would closely monitor events along Turkey’s southeastern border and would gather to “discuss what else will be done” should another such incident occur.
“It is my clear expectation that the situation won’t continue to escalate,” Rasmussen said. “What we have seen is a completely unacceptable act, and I would expect Syria to take all necessary steps to avoid such events in the future.”
In a strongly worded speech in Ankara, Turkey, Prime Minister Recep Tayyip Erdogan said the shooting of the plane was deliberate and that henceforth “any military approach to the Turkish border from the Syrian side will be perceived as a threat and will be dealt with accordingly.”
READ FULL ARTICLE HERE
Euro nations may cede budget power to EU
June 26, 2012
Euro nations may cede budget power to EU
Brussels, The European Union would get far-reaching powers to rewrite budgets for eurozone countries that break debt and deficit rules, a draft of proposals suggests.
The proposals, submitted to European capitals for review Monday night, are to be discussed at a leaders' summit of all 27 EU countries in Brussels Thursday and Friday, the Financial Times reported Tuesday.
The authors of the draft -- European Council President Herman Van Rompuy, European Commission President Jose Manuel Barroso, European Central Bank President Mario Draghi, and Eurogroup President Jean-Claude Juncker, representing eurozone finance ministers -- fine-tuned the proposals during a meeting Monday, said the newspaper, which saw the draft.
Euro nations may cede budget power to EU
Brussels, The European Union would get far-reaching powers to rewrite budgets for eurozone countries that break debt and deficit rules, a draft of proposals suggests.
The proposals, submitted to European capitals for review Monday night, are to be discussed at a leaders' summit of all 27 EU countries in Brussels Thursday and Friday, the Financial Times reported Tuesday.
The authors of the draft -- European Council President Herman Van Rompuy, European Commission President Jose Manuel Barroso, European Central Bank President Mario Draghi, and Eurogroup President Jean-Claude Juncker, representing eurozone finance ministers -- fine-tuned the proposals during a meeting Monday, said the newspaper, which saw the draft.
Exchange Rates ~ Articles of Interest ...
* April 2012 .. Transcript of the IMFC Press Briefing (excerpt about exchange rates) ..
*US Treasury: Exchange-Rate Policies On Tap For Talks At IMF Meetings
Link PDF November 2011 *Real SDR Currency Board
*THE CURRENCY EXCHANGE RATE OVERSIGHT REFORM ACT OF 2011
*(October 2009 Asian Currencies 40% undervalued) Time for currency realignment?
Most articles .. link *G20 - 2010-2011 ~ Exchange Rates ...G20 -2011 Links
March 31, 2011 .. Links
Brown urges G-20 to Seal 'Global Growth Pact' Ahead of Tomorrows G20 Meeting ~ March 31, 2011 ~ (Video April 2, 2009) ...
Thursday G20 Meeting ~ IMF's SDR's (Special Drawing Rights) March 31st G20 Topic ...
What will April Bring? Global Monetary Change? Currency Revaluations? Maybe?
Iraq And WTO ~ April 7th or before ~ WTO and Iraq ... Has Iraq Been Accepted into the WTO? ...
Also read 2010 .. Exchange Rates, Trade Barriers, and the Dollar as Global Reserve Currency (August 2010) ...
Thursday, March 31, 2011
France, US call for flexible exchange rates at G20
NANJING, China, French President Nicolas Sarkozy and US Treasury Secretary Timothy Geithner on Thursday called for more flexible exchange rate regimes as G20 nations met on global monetary reform in China.
*US Treasury: Exchange-Rate Policies On Tap For Talks At IMF Meetings
Link PDF November 2011 *Real SDR Currency Board
*THE CURRENCY EXCHANGE RATE OVERSIGHT REFORM ACT OF 2011
*(October 2009 Asian Currencies 40% undervalued) Time for currency realignment?
Most articles .. link *G20 - 2010-2011 ~ Exchange Rates ...G20 -2011 Links
March 31, 2011 .. Links
Brown urges G-20 to Seal 'Global Growth Pact' Ahead of Tomorrows G20 Meeting ~ March 31, 2011 ~ (Video April 2, 2009) ...
Thursday G20 Meeting ~ IMF's SDR's (Special Drawing Rights) March 31st G20 Topic ...
What will April Bring? Global Monetary Change? Currency Revaluations? Maybe?
Iraq And WTO ~ April 7th or before ~ WTO and Iraq ... Has Iraq Been Accepted into the WTO? ...
Also read 2010 .. Exchange Rates, Trade Barriers, and the Dollar as Global Reserve Currency (August 2010) ...
Thursday, March 31, 2011
France, US call for flexible exchange rates at G20
NANJING, China, French President Nicolas Sarkozy and US Treasury Secretary Timothy Geithner on Thursday called for more flexible exchange rate regimes as G20 nations met on global monetary reform in China.
Iraqi efforts to join the World Trade Organization
Link .. *Iraq Finance: We need to start in the application of tariff law and activate the end of the month ... And .. *Links ~ Iraq and WTO - Iraq's Tariff and Taxes ...
26-06-2012
Iraqi efforts to join the World Trade Organization
Baghdad, Omar Hammadi Due to resume Iraqi government negotiations for accession to the WTO in the coming months, in order to move the wheel of the economy and support the private sector in the country.
The director of the Department of the World Trade Organization and the Iraqi Ministry of Trade Tharwat Akram "Radio Sawa" Iraq needs to adopt the phrase of new legislation that allows for transition to a market economy to complete the files to join. And helps global organizations led by the International Agency for Development of the United States (Aliwas any IDC) Iraq to join the World Trade Organization.
In a sign of international trade director at the U.S. Agency Brian Clancy, that Iraq's accession to the organization will allow the country to engage in global markets and the introduction of industrial technology required and said that the private sector would be the most prominent beneficiaries.
Iraq has submitted a request for accession to the WTO in 2004, running as a member of the observer, and held several rounds of negotiation with the organization for the purpose of completing arrangements for joining these tours but stopped since 2008 in the hope that not resume this year
source
"Mr. Euro" named Greek finance minister
(Fun Fact .. In my opinion, The man who created the Euro should be called "Mr. Euro". And, his name is Robert Mundell ...:) .. kel
Must Read Related articles .. link .. *ESCAP ~ Euro Will Survive! Economist Mundell Expressed Confidence that 13-year Old Euro Currency Will Survive and Says Time for New a Global Currency ..
And link .. *Remember This ~ 2-18-2011 ~ INTERNATIONAL MONETARY FUND CALLS FOR ONE-WORLD CURRENCY ...
June 26, 2012
"Mr. Euro" named Greek finance minister
Respected economist Yannis Stournaras, who was part of a team that negotiated Greece's entry to the euro, has been appointed as new finance minister, the government announced on Tuesday.
Greece's new conservative-led government scrambled to make a quick decision on the post after their first choice, banker Vassilis Rapanos, quit on Monday on the advice of doctors after spending four days in hospital suffering dizziness and abdominal pains.
Must Read Related articles .. link .. *ESCAP ~ Euro Will Survive! Economist Mundell Expressed Confidence that 13-year Old Euro Currency Will Survive and Says Time for New a Global Currency ..
And link .. *Remember This ~ 2-18-2011 ~ INTERNATIONAL MONETARY FUND CALLS FOR ONE-WORLD CURRENCY ...
June 26, 2012
"Mr. Euro" named Greek finance minister
Respected economist Yannis Stournaras, who was part of a team that negotiated Greece's entry to the euro, has been appointed as new finance minister, the government announced on Tuesday.
Greece's new conservative-led government scrambled to make a quick decision on the post after their first choice, banker Vassilis Rapanos, quit on Monday on the advice of doctors after spending four days in hospital suffering dizziness and abdominal pains.
As Morsi Takes Over in Egypt, Will Military Allow Economic Reform?
Summary: President Mohammed Morsi will likely promote free-market economic policies for Egypt — if the military lets him. Turkey will celebrate a break from both the elite-dominated Mubarak era and the Muslim Brotherhood's traditions, writes Suleyman Yasar, but the Egyptian economy’s real problem is the blocking of free entrepreneurship.
June 26, 2012
As Morsi Takes Over in Egypt, Will Military Allow Economic Reform?
Muslim Brotherhood candidate Mohammed Morsi, a US-educated engineer, won Egypt’s presidential elections, thus becoming the first popularly elected president in the Arab world. The 60-year-old candidate was elected with 51.7% of the vote.
How did the markets react to Morsi’s election? The Egyptian EGX100 stock index’s 6.7% jump would lead us to believe that they reacted positively.
The new president is likely to adopt free-market-centric economic policies instead of the Muslim Brotherhood’s traditional policy of upholding solidarity with the poor. However, the Egyptian economy’s real problem is the way the elite class blocks free entrepreneurship.
Some hopeful business owners have been waiting for ten years for official permission to open a bakery. If you were not close to the Mubarak administration, it was virtually impossible to receive a permit to launch a business, which explains why so many people were dependent on government and Brotherhood handouts.
The Egyptian economy during that time could be compared to that of Turkey’s during our own era of military tutelage, when nobody outside of Istanbul, the country’s economic hub, were offered opportunities.
Going Global Headline News For Tuesday, June 26, 2012 .. will continue to update ...
*NATO condemns downing of Turkish jet by Syria ... *Soon .. Implementation of the European Investment Bank in Baghdad
*Euro nations may cede budget power to EU
*"Mr. Euro" named Greek finance minister
*Iraqi Dinar Revaluation .. Parliament and Fiance committee support revalue of Iraqi Dinar ...
*Exchange Rates ~ Articles of Interest ...
*Sinan Al Shabibi, CBI, (Speaker) World Banking and Finance Summit 2012, June 26-27-2012 ...
*Tuesday Meeting, June 26th, Syria and UN Security Council ~ Consultations on the UN Mission in Syria ahead of June 30th Meeting
*Sadr won’t back Maliki if reforms not expedited
*Hakim and UN representative Kobler discuss ways of resolving the current political crisis ...
*U.S. and Iraqi Business Dialogue, Third Round June 28th 2012 ..
*The International Arab Banking Summit IABS 2012 the Change, June 28-29-2012 ...
*S.Korea to halt Iran oil imports July 1st
*China PM calls for free trade with Lat-Am trade bloc
*New Zealand: Finance Minister English appoints former World Bank vice-president Graeme Wheeler next Reserve Bank Governor, replacing outgoing Bollard
*Finance Ministers Resigning (and replacements) .. So far ...
*Going Global Headline News For Monday, June 25, 2012 ...
Monday, June 25, 2012
Shabibi and BIS ~ European and Asian countries have shown interest in investing in Iraq
Related articles .. link .. *Sinan Al Shabibi, CBI, (Speaker) World Banking and Finance Summit 2012, June 26-27-2012 ... ..and link .. *The Central Bank of Iraq and The BIS: Shabibi, Iraq raises issues of banking in Switzerland .. And .. link .. Central bank of Iraq's Sinan Shabibi ~ Links To Articles Of Interest ...
06/25/2012
Shabibi, European and Asian countries have shown interest in investing in Iraq
Baghdad, Showed European countries and the Asian desire to invest in Iraq on the sidelines of the Bank for International Settlements, which was attended by Central Bank Governor Sinan Shabibi. The Iraqi Central Bank Governor Sinan Shabibi's The "Meeting of the BIS has seen several discussions and a file is present in Iraq's economic international discussions.
He Shabibi "The States present at the meeting expressed a significant interest in the economic future of Iraq" .. Shabibi and that European and Asian countries have expressed their desire to send delegations to Iraq after the talks were held on the sidelines of adjustments. He said the central bank governor said the representatives of a number of countries told us that they want a stable Iraq as Secretary so we have areas of good investment.
The Central Bank Governor Sinan Shabibi confirmed on Monday's / JD / was brought up at a meeting of reconciliation issues related to central banks and the Iraqi banks.
The Governor of the Central Bank of Iraq in the meetings of International Settlements, which was launched today, Sunday, Guy Switzerland.
The BIS is an international organization of central banks to "strengthen financial cooperation and the financial world and works as a bank for central banks," not accountable to any government, and the Bank of its work through sub-committees, and secretariats (Secretaries) to be hosted by, and through her meeting with the Annual General to all Members, and also result in banking services, but only to central banks, international organizations or the like, the bank's headquarters is located in Basel, Switzerland, was founded in accordance with the Hague Conventions of 1930.
source
06/25/2012Shabibi, European and Asian countries have shown interest in investing in Iraq
Baghdad, Showed European countries and the Asian desire to invest in Iraq on the sidelines of the Bank for International Settlements, which was attended by Central Bank Governor Sinan Shabibi. The Iraqi Central Bank Governor Sinan Shabibi's The "Meeting of the BIS has seen several discussions and a file is present in Iraq's economic international discussions.
He Shabibi "The States present at the meeting expressed a significant interest in the economic future of Iraq" .. Shabibi and that European and Asian countries have expressed their desire to send delegations to Iraq after the talks were held on the sidelines of adjustments. He said the central bank governor said the representatives of a number of countries told us that they want a stable Iraq as Secretary so we have areas of good investment.
The Central Bank Governor Sinan Shabibi confirmed on Monday's / JD / was brought up at a meeting of reconciliation issues related to central banks and the Iraqi banks.
The Governor of the Central Bank of Iraq in the meetings of International Settlements, which was launched today, Sunday, Guy Switzerland.
The BIS is an international organization of central banks to "strengthen financial cooperation and the financial world and works as a bank for central banks," not accountable to any government, and the Bank of its work through sub-committees, and secretariats (Secretaries) to be hosted by, and through her meeting with the Annual General to all Members, and also result in banking services, but only to central banks, international organizations or the like, the bank's headquarters is located in Basel, Switzerland, was founded in accordance with the Hague Conventions of 1930.
source
S.Korea to halt Iran oil imports July 1st
June 26, 2012
S.Korea to halt Iran oil imports
South Korea became the first major Asian consumer of Iranian crude to announce a halt to imports after the government said they would be suspended from July 1 due to a European Union ban on insuring tankers carrying Iranian oil.
The insurance ban makes it almost impossible to ship Iranian oil as most insurance is undertaken by EU-based companies and the move comes as part of a series of measures designed to put pressure on Iran to halt what the United States and others say is a nuclear weapons programme.
South Korea depends on the United States for security, but it has no natural resources and has been scrambling for alternative crude supplies to replace those from a country that supplied 9.4 percent of its needs in 2011.
The world's fourth largest buyer of Iranian crude said it has no plan to provide state guarantee like Japan to continue its imports. Another two major Asian buyers, China and India, will allow Iran to deliver the crude from July.
"South Korea's imports of Iranian oil will be suspended, as the EU will suspend crude imports from Iran and also halt its insurance and reinsurance cover on the crude imports from July 1," a joint statement from the economy, finance and foreign affairs ministries said.
Read Full Article .. Here
S.Korea to halt Iran oil imports
South Korea became the first major Asian consumer of Iranian crude to announce a halt to imports after the government said they would be suspended from July 1 due to a European Union ban on insuring tankers carrying Iranian oil.
The insurance ban makes it almost impossible to ship Iranian oil as most insurance is undertaken by EU-based companies and the move comes as part of a series of measures designed to put pressure on Iran to halt what the United States and others say is a nuclear weapons programme.
South Korea depends on the United States for security, but it has no natural resources and has been scrambling for alternative crude supplies to replace those from a country that supplied 9.4 percent of its needs in 2011.
The world's fourth largest buyer of Iranian crude said it has no plan to provide state guarantee like Japan to continue its imports. Another two major Asian buyers, China and India, will allow Iran to deliver the crude from July.
"South Korea's imports of Iranian oil will be suspended, as the EU will suspend crude imports from Iran and also halt its insurance and reinsurance cover on the crude imports from July 1," a joint statement from the economy, finance and foreign affairs ministries said.
Read Full Article .. Here
China PM calls for free trade with Lat-Am trade bloc
Related articles .. link .. South Americans bar new Paraguay leader from summit June 28-29-2012 .. link .. *Wow, Signed, Sealed and Delivered? ... Chile, Peru, Colombia and Mexico seal the Pacific Alliance for economic integration ... .. and .. link .. Links ~ Latin America Currencies ...
June 25, 2012
China PM calls for free trade with Lat-Am trade bloc
Chinese Premier Wen Jiabao on Monday proposed a possible free trade pact between the Asian powerhouse and South American nations that make up the Mercosur regional trade bloc.
"We should conduct feasibility studies on the possibility of a free trade deal," said Wen, flanked by Argentine President Cristina Fernandez in a videoconference with regional leaders, during a visit to Buenos Aires.
"China is prepared to enter into ministerial-level talks with Mercosur nations," he said in the videoconference that included Brazilian President Dilma Rousseff and Uruguayan President Jose Mujica, noting that China is already Mercosur's second-biggest trade partner.
Paraguay is also part of the bloc but has no diplomatic ties with China because it recognizes Taiwan, which Beijing considers a rebel province. On Sunday, Mercosur suspended Paraguay's membership after the speedy impeachment and ouster last week of its president, Fernando Lugo.
In 2011, China's exports to the Mercosur, South America's largest trading bloc, totaled $48.45 billion, up 34 percent from the previous year, while imports from Mercosur reached $51.03 billion, according to Argentine government figures.
Beijing wishes to double this trade by 2016, said Wen.
Wen has already stopped in Brazil and Uruguay during a four-nation tour of South America that wraps up later this week in Chile.
source
June 25, 2012
China PM calls for free trade with Lat-Am trade bloc
Chinese Premier Wen Jiabao on Monday proposed a possible free trade pact between the Asian powerhouse and South American nations that make up the Mercosur regional trade bloc.
"We should conduct feasibility studies on the possibility of a free trade deal," said Wen, flanked by Argentine President Cristina Fernandez in a videoconference with regional leaders, during a visit to Buenos Aires.
"China is prepared to enter into ministerial-level talks with Mercosur nations," he said in the videoconference that included Brazilian President Dilma Rousseff and Uruguayan President Jose Mujica, noting that China is already Mercosur's second-biggest trade partner.
Paraguay is also part of the bloc but has no diplomatic ties with China because it recognizes Taiwan, which Beijing considers a rebel province. On Sunday, Mercosur suspended Paraguay's membership after the speedy impeachment and ouster last week of its president, Fernando Lugo.
In 2011, China's exports to the Mercosur, South America's largest trading bloc, totaled $48.45 billion, up 34 percent from the previous year, while imports from Mercosur reached $51.03 billion, according to Argentine government figures.
Beijing wishes to double this trade by 2016, said Wen.
Wen has already stopped in Brazil and Uruguay during a four-nation tour of South America that wraps up later this week in Chile.
source
Sadr won’t back Maliki if reforms not expedited
June 26, 2012
Sadr won’t back Maliki if reforms not expedited
NAJAF Cleric Moqtada Al Sadr, head of a powerful movement in Iraq, on Sunday called for more political reforms, saying he would back a no-confidence vote against the prime minister if they were not made.
Sadr is now an influential player in government after his bloc’s support of Iraqi Prime Minister Nuri Al Maliki helped secure his position.
“Our main demand and the last demand is reforms,” Sadr told journalists during a news conference at his family home in Najaf, southern Iraq.
Sadr won’t back Maliki if reforms not expedited
NAJAF Cleric Moqtada Al Sadr, head of a powerful movement in Iraq, on Sunday called for more political reforms, saying he would back a no-confidence vote against the prime minister if they were not made.
Sadr is now an influential player in government after his bloc’s support of Iraqi Prime Minister Nuri Al Maliki helped secure his position.
“Our main demand and the last demand is reforms,” Sadr told journalists during a news conference at his family home in Najaf, southern Iraq.
The legislature directed the Central Bank support for the deletion of zeros currency
June 25, 2012
The legislature directed the Central Bank support for the deletion of zeros currency
Erbil, the Finance Committee in the House of representatives race Monday the legislature to support the Central Bank policy on deleting zeros from the currency.
The Central Bank says it completed a road map to get rid of three zeros from the currency to reduce the money supply and ease of financial transactions to suit the new situation of the Iraqi economy.
But the Government and the Securities Commission have expressed objections fears affect negatively financial trading operation in Iraq market for securities.
She is a member of the parliamentary Finance Committee said Najib Risalat news Kurdistan (aknews) that "there is a trend by the legislature to support political Central Bank restructuring Iraqi currency and delete the zeros at the beginning of next year."
"This subject started maturing day by day for the members of the Finance Committee and the ECE", noting that "preparations for the Central Bank to implement the project was underway but incomplete so far."
The market has been volatile for weeks in Iraqi dinar exchange rate against the US dollar which experts attributed to the limitations imposed by the Bank on its sales of hard currency.
And the imposition of tougher Bank at auction to sell the greenback after the currency go to neighbouring countries, especially Syria and Iran imposed by economic sanctions.
She is a Vice-President of Najib Kurdistan Alliance "project will be implemented over two years through State banks, will be among the new currency coins of small groups as there will be considerable currency corresponding to 180 dollars a 200,000 Iraqi dinar current Exchange".
"Through extensive discussions with the Central Bank and the US studies of the World Bank, the project aims to support the Iraqi currency in addition to the introduction of new categories of currency market by reducing the size of the money supply as well as inclusion in Arabic and Kurdish currency".
Tasks of the ECB in the management of monetary policy in the country and raising the value of the Iraqi dinar and inflation in the country.
And the Central Bank of Iraq four branches in Basrah, Sulaimaniya and Erbil, Mosul.
source
The legislature directed the Central Bank support for the deletion of zeros currency
Erbil, the Finance Committee in the House of representatives race Monday the legislature to support the Central Bank policy on deleting zeros from the currency.
The Central Bank says it completed a road map to get rid of three zeros from the currency to reduce the money supply and ease of financial transactions to suit the new situation of the Iraqi economy.
But the Government and the Securities Commission have expressed objections fears affect negatively financial trading operation in Iraq market for securities.
She is a member of the parliamentary Finance Committee said Najib Risalat news Kurdistan (aknews) that "there is a trend by the legislature to support political Central Bank restructuring Iraqi currency and delete the zeros at the beginning of next year."
"This subject started maturing day by day for the members of the Finance Committee and the ECE", noting that "preparations for the Central Bank to implement the project was underway but incomplete so far."
The market has been volatile for weeks in Iraqi dinar exchange rate against the US dollar which experts attributed to the limitations imposed by the Bank on its sales of hard currency.
And the imposition of tougher Bank at auction to sell the greenback after the currency go to neighbouring countries, especially Syria and Iran imposed by economic sanctions.
She is a Vice-President of Najib Kurdistan Alliance "project will be implemented over two years through State banks, will be among the new currency coins of small groups as there will be considerable currency corresponding to 180 dollars a 200,000 Iraqi dinar current Exchange".
"Through extensive discussions with the Central Bank and the US studies of the World Bank, the project aims to support the Iraqi currency in addition to the introduction of new categories of currency market by reducing the size of the money supply as well as inclusion in Arabic and Kurdish currency".
Tasks of the ECB in the management of monetary policy in the country and raising the value of the Iraqi dinar and inflation in the country.
And the Central Bank of Iraq four branches in Basrah, Sulaimaniya and Erbil, Mosul.
source
New Zealand: Finance Minister English appoints former World Bank vice-president Graeme Wheeler next Reserve Bank Governor, replacing outgoing Bollard
June 26, 2012
Finance Minister English appoints former World Bank vice-president Graeme Wheeler as next Reserve Bank Governor, replacing outgoing Bollard
Former World Bank managing director and vice-president Graeme Wheeler will be the next Governor of the Reserve Bank of New Zealand after current Governor Alan Bollard steps down in September.
Finance Minister Bill English made the announcement on Tuesday morning. Wheeler will take up the position when Bollard's second five-year term ends on September 25.
Wheeler would be governor-designate until a new policy targets agreement between the Finance Minister and Governor was finalised in the next few months, which was required before a new governor was appointed.
English said he did not envisage any major changes to the policy targets agreement, which currently requires Bollard to keep headline medium-term inflation within a 1-3% target band.
Current Reserve Bank Deputy Governor Grant Spencer was considered by financial market participants as the other major contender for the role.
Kiwi who rose to top of World Bank
Finance Ministers Resigning (and replacements) .. So far ...
Finance Minister Bill English made the announcement on Tuesday morning. Wheeler will take up the position when Bollard's second five-year term ends on September 25. (not a resignation but a replacement) .. Click Here for Report
India's Finance Minister, Pranab, to quit as finance minister on June 26, 2012: Click Here for Report
Designated Greek finance minister resigns June 25, 2012 .. Click Here for Report
World bank president's last day June 30, 2012 .. Click here for Report
8-day-old Punjab (India) finance minister to resign today - June 7, 2012 .. Click Here for Report
Kuwait finance minister quits after opposition push - May 24th, 2012 .. Click here for Report
Taiwan finance minister quits over capital gains tax row - May 29, 2012 .. Click Here for Report
Egyptian finance minister resigns over deadly clashes Oct. 2011 .. Click Here for report
Russian President Ousts Finance Minister, a Putin Ally, for Insubordination September 26, 2011 .. Click Here for Report
India's Finance Minister, Pranab, to quit as finance minister on June 26, 2012: Click Here for Report
Designated Greek finance minister resigns June 25, 2012 .. Click Here for Report
World bank president's last day June 30, 2012 .. Click here for Report
8-day-old Punjab (India) finance minister to resign today - June 7, 2012 .. Click Here for Report
Kuwait finance minister quits after opposition push - May 24th, 2012 .. Click here for Report
Taiwan finance minister quits over capital gains tax row - May 29, 2012 .. Click Here for Report
Egyptian finance minister resigns over deadly clashes Oct. 2011 .. Click Here for report
Russian President Ousts Finance Minister, a Putin Ally, for Insubordination September 26, 2011 .. Click Here for Report
Hakim and UN representative Kobler discuss ways of resolving the current political crisis ...
Monday, June 25, 2012Wise to discuss with the UN representative ways of resolving the current political crisis
Baghdad, The head of the Islamic Supreme Council Ammar al-Hakim, "the need to derive solutions to the current political crisis in the country from inside the Iraqi house." and the price during a meeting with Special Representative of the Secretary-General of the United Nations in Iraq, Martin Kobler, according to a statement of the Supreme Council had received news agency, the future a copy of it on Monday evening, the UN's role in attention and follow up the situation in Iraq.
Sinan Al Shabibi, CBI, (Speaker) World Banking and Finance Summit 2012, June 26-27-2012 ...
Related (Shabibi) articles .. link .. Iraq, CBI's Governor, Sinan Shabibi ~ The Rising of Babylon (check additional links at end of post) ...
June 26-27 ~ World Banking and Finance Summit 2012
Banking and Finance Summit 2012, Managing a System in Transformation, Official Monetary and Financial Institutions Forum in association with Lafferty Group ..
26-27 June 2012 ...
The World Banking and Finance Summit, organised by OMFIF and Lafferty Group, will examine the changing shape of global banking and finance in the light of the macroeconomic imbalances in the world economy and continuing challenges affecting the industries.
The agenda will explore the changing structures emanating from financial upheavals and key economic factors that will shape the financial industry’s drive for profits and growth in different countries, sectors and regions in the approaching decade.
It will consider the prospects of a possible multipolar reserve currency system reflecting the surfacing of important emerging economies and the subsequent shift in economic power from established centres to new contenders.
June 26-27 ~ World Banking and Finance Summit 2012 Banking and Finance Summit 2012, Managing a System in Transformation, Official Monetary and Financial Institutions Forum in association with Lafferty Group ..
26-27 June 2012 ...
The World Banking and Finance Summit, organised by OMFIF and Lafferty Group, will examine the changing shape of global banking and finance in the light of the macroeconomic imbalances in the world economy and continuing challenges affecting the industries.
The agenda will explore the changing structures emanating from financial upheavals and key economic factors that will shape the financial industry’s drive for profits and growth in different countries, sectors and regions in the approaching decade.
It will consider the prospects of a possible multipolar reserve currency system reflecting the surfacing of important emerging economies and the subsequent shift in economic power from established centres to new contenders.
Going Global Headline News For Monday, June 25, 2012 ...
Iraq articles in blue ..*Hakim and UN representative Kobler discuss ways of resolving the current political crisis ...
*U.S. and Iraqi Business Dialogue, Third Round June 28th 2012 ..
*IMF - Expectations and escalating rates of economic growth
*Sadr meets the morning in Kuwait
*Iraq To approve the payment of debts Kuwait Airways
*Parliament decides to climb the Ministers of Planning and Finance to discuss the law of the infrastructure - Finished 1st and 2nd readings of 6 bills
*Politicians in favor of moves to solve the Iraqi crisis, the Syrian
*Iraq Government seeks to achieve economic reform
*Finance Committee expects to restore Iraq to its commercial standing in region
*BREAKING: Turkey Has Invoked NATO Articles 4 And 5; Attack On One Is Attack On All
*Tuesday, June 26th Syria and UN Security Council ~ Consultations on the UN Mission in Syria ...
*Egypt: Islamist Wins Egyptian Presidential Election - The first Islamist elected as head of an Arab state ...
*Morsi win haunts Israel and Egypt fears of a coup on the peace agreement
*The International Arab Banking Summit IABS 2012 the Change, June 28-29-2012 ...
*All Eyes On European Summit June 28-29 2012 ...
*Kurdistan (PUK) confirms the possibility of closing the subject of withdrawal of confidence from the Maliki
*Sinan Al Shabibi, CBI, (Speaker) World Banking and Finance Summit 2012, June 26-27-2012 ...
*South Americans bar new Paraguay leader from summit June 28-29-2012
*Russia to Possess Historic Building in Heart of Jerusalem ...
*It's time to break the vicious cycles, says BIS in 82nd Annual Report
*Iraq faces painful legacy of mass graves
*Iraq Oil and Gas Law ~ Abbas Al Bayati: oil and gas laws, elections and parties are a priority in the current legislative term ...
*Central bank of Iraq's Sinan Shabibi ~ Links To Articles Of Interest ...
*Germany Rejects U.S. Criticism Over Euro Crisis
*Flashback ~ Russia and the proposed "New Global Currency" ...
*Putin heads to Middle East, Israel and Jordan, amid carnage in Syria
*During the Next Two Days ~ A New Meeting for the Meeting of the Last Meeting: National *Alliance and Sadr agrees to Meet to discuss Expanded Meeting
*BIS ~ Bankers to form a World Government and Global Economy ... w/video ...
*BIS backs pan-European banking system
*US to fall off 'fiscal cliff', warns global economist, Joseph Stiglitz ....
*An invitation to open branches of international banks in Iraq ...
*CBI ~ Tariff Law By End Of June ~ Central Bank underlines the need to apply the law of customs tariff end of the month
*Shabibi and BIS ~ European and Asian countries have shown interest in investing in Iraq
*Financial Terrorist George Soros Faces Financial Decapitation
*BIS ~ Euro 'virus' threat to the UK and world economy, Swiss-based financial watchdog warns
*The Central Bank of Iraq and The BIS: Shabibi, Iraq raises issues of banking in Switzerland
*Going Global Headline News For Sunday, June 24, 2012 (Plus Saturday's Headlines) ....
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