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+---- Thread: International News Stories (/showthread.php?tid=83669)
RE: International News Stories - lovebabes56 - 05-12-2024 06:31
Calls for S. Korean President to resign -and I don't think he'll go quietly
RE: International News Stories - southsidestu - 05-12-2024 11:08
French PM Barnier ousted in a no confidence vote after forcing his budget through without a vote. The budget was controversial as it contained €60bn in deficit reduction.
France runs a budget deficit of 5.5%, with it expected to rise, considerably over the EU target of 3%.
This could have wider rammifications, it may lead to another debt crisis in the union one that could in turn have the potential to trigger a global recession.
Last time there was a major debt crisis it was with smaller nations on the periphery of the block: Greece, Portugal etc. This time its at the heart with one of the biggest countries, last time as well the situation was resolved thanks in no small part to the actions of a strong Germany. Under Scholz Germany is nowhere near as strong as it was under Merkel. On top of that there is an election coming up with the government deeply unpopular amid their own cost of living challenges, would the German public be willing to bail out France even if the country is in a position to do so ?
And if not what would that mean for the Franco-German relationship that is the main pillar of The EU ?
RE: International News Stories - lovebabes56 - 05-12-2024 11:23
Barnier must have known beforehand it wouldn't get through, but still pressed ahead. And yoiu're right mate this is going to hurt the EU and europe and possibly could trigger a global recesssion, but I hope somehow there is a plan that could implement recesssion damage limitations across the EU.
(I doubt Trump will be that concerned).
I can't see Scholz bailing them out if the German economy isn't strong enough to do so, then it's not going to happen. And certainly he wouldn't want to make his Government amy more deeply umpopular than it already is does he?
Somehow a rescue plan from within the French parliament needs to be thrashed out very quickly, asnd I can see Macron trying to steady the ship. I get the feeling France will look to him to do so.
RE: International News Stories - southsidestu - 06-12-2024 18:08
RE: International News Stories - southsidestu - 07-12-2024 13:09
South Korean President survives impeachment vote as all but 3 MPs from his party boycott the vote. 200 votes is the threshold for impeachment, 8 MPs from the ruling PPP were required in order for it to be met.
RE: International News Stories - Cooper_temple - 07-12-2024 13:13
Romanian court annuls result of presidential election first round due to intelligence documents were declassified, suggesting Georgescu benefitted from a mass influence operation – conducted from abroad – to interfere with the result of the vote.
RE: International News Stories - southsidestu - 07-12-2024 23:00
The Assad regime's defence of itself from HTS seems to be going much like the Afghan government's defence of itself from The Taliban with rebel leader al-Jolani claiming they have taken full control of Homs the last major city before Damascus a further 100 miles away
BBC News Live Updates
RE: International News Stories - The Silent Majority - 08-12-2024 08:44
It was only Iran and Russia that kept Assad in power.
Now they both have their own problems to deal with, he's been thrown to the wolves.
RE: International News Stories - Tumble_Drier - 08-12-2024 09:31
^
RE: International News Stories - Charlemagne - 08-12-2024 09:44
It's great that an Iran / Russian backed dictatorship has fallen in Syria.
It's rumoured that Assad's plane may have crashed whilst leaving the country. (not confirmed)
But we have to be careful of what comes next. It may be worse than the previous dictorship.