Greek debt crisis reaches ‘DEFCON 1’ as savers pull €400m in ONE DAY and markets plunge

PANIC has descended on Greece as the debt-stricken country careers out the eurozone – with savers pulling millions in cash while investors continue to flee financial markets.

The Greek Prime Minister today blasted Athens’ European Union creditors who he said were trying to “humiliate” and “strangle” Greece into making proposed spending cuts in return for bailout cash.

Alexis Tsipras confirmed that talks have completely stalled, with the two sides in total stalemate over austerity measures. Continue reading

UN wants Germany to lead missions ‘one day’: minister

The United States calling Germany to step up to the plate militarily is one thing, however, now we see United Nations backing.

The United Nations has asked Germany to “one day” lead peacekeeping missions, the country’s defence minister said Wednesday, reiterating her call for Berlin to engage more strongly on the world stage.

Ursula von der Leyen was speaking on German TV from New York, where she had met UN Deputy Secretary-General Jan Eliasson at the headquarters of the world body.

“The (UN) request is that Germany invest more senior personnel in headquarters and that perhaps Germany one day lead a military peacekeeping mission under the auspices of the UN,” she said on ARD public television. Continue reading