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Drones over U.S. may pose security risks
BRUSSELS, March 13 (UPI) -- European Union ministers are nearing completion of a bail-out package for Greece, which officially has yet to ask for help, senior officials said.
The package, which may be finalized as early as Monday, could contain as much as $34 billion in aid with primary backing from France and Germany and no contribution from Britain, the BBC reported Saturday.
Options include loans to Greece and a bond issue guaranteed by eurozone countries, senior officials told the BBC. The deal must be constructed to circumvent EU rules that prohibit a bail-out for a country on the edge of insolvency, the officials said.
Greece is struggling with $419 billion in debt and must raise about $27 billion to refinance debt that matures in April and May.
Greece's debt is four times higher than European Union rules allow and austerity measures undertaken to reduce the debt have angered many in Greece. The crisis also has undermined confidence in the euro, which is used as currency in 16 nations.
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VIENNA, Feb. 10 (UPI) --
Oil prices were expected to trend higher as an improved U.S. economy and geopolitical risk in the Middle East weigh on markets, OPEC said.
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ISLAMABAD, Pakistan, Feb. 10 (UPI) --
The last three of 18 new and upgraded F-16 fighter jets from the United States arrived in Pakistan, a report by the Indo-Asian News Service said.
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For the first time since the condo crash of 2007, Florida median existing condo prices came roaring back 2011, rising by a hefty 5 percent on a quarter-to-quarter basis....
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Doubts about the euro are not subsiding, new leadership or not, rescue plan or not.
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