Source Pravda.Ru

EU approves rescue for Ireland, oil rises to two-week high above $85

42519.jpegOil rose to a two-week high above $85 on Monday after the European Union approved a rescue for Ireland and outlined a permanent system to resolve the euro zone's debt crisis.

Worries that a spreading crisis within the euro zone would keep a lid on growth and hence energy demand have helped pressure commodities prices over the last week, pulling down oil from a two year high of $88.63 on November 11, Reuters informs.

The euro gained to $1.3255 as of 8:55 a.m. in Tokyo from $1.3242 in New York last week. It touched $1.3201 on Nov. 26, the weakest since Sept. 21. The common currency was at 111.54 yen from 111.37 yen. The dollar was at 84.16 yen from 84.10 yen on Nov. 26, when it reached 84.19 yen, the strongest since Sept. 28.

Ireland said it will pay average interest of 5.8 percent on the package, which breaks down into 45 billion euros from European governments, 22.5 billion euros from the International Monetary Fund and 17.5 billion euros from Ireland's cash reserves and national pension fund. The European finance ministers agreed a future crisis-management system won't automatically cut the value of bond holdings, Bloomberg says.

 

Representatives of the North Korean administration issued a statement saying that the United States and its allies have lost the "political and military confrontation" to the DPRK

North Korea declares victory over USA

On December 10, 1948 the Universal Declaration of Human Rights was adopted by the United Nations General Assembly, its thirty articles enshrining basic and fundamental rights guaranteeing dignity of the human person and equality for all, regardless of race, color, creed or gender. A pipe dream?

Human Rights Day: Let us hang our heads in shame
Comments
Putin makes first comment on Trump's Jerusalem decision
Putin makes first comment on Trump's Jerusalem decision
Russian politician says Donald Trump extremely dangerous for Russia
Russia on the eve of another Crimea referendum
Some ideas about North Korea
Russia on the eve of another Crimea referendum
Russia on the eve of another Crimea referendum
Russia on the eve of another Crimea referendum
Russia on the eve of another Crimea referendum
Russian athletes announce their decision about 2018 Winter Olympic Games
Russia works on MiG-41 doomsday fighter jet
The need for a Global Political Agenda 2018
New Russian weapons shocked USA three times
USA looking for reason to see nuclear weapons in action
Russia works on MiG-41 doomsday fighter jet
Putin makes first comment on Trump's Jerusalem decision
Putin makes first comment on Trump's Jerusalem decision
Ukrainian politicians and businessmen aim to visit Crimea
The Myth of the Gene: Genetics, Epigenetics and the Organism-Environment Loop
The Myth of the Gene: Genetics, Epigenetics and the Organism-Environment Loop
North Korea declares victory over USA