BP spill sinks British pensions
Barack Obama is holding "his boot on the throat" of Britain’s pensioners, headlines the Daily Telegraph. This extraordinary accusation come in the wake of scathing criticism by the US president of British petroleum company BP, whose Deepwater Horizon offshore rig that exploded on 20 April continues to leak crude oil in the Gulf of Mexico. Before the accident, “BP was Britain's biggest company, with a stock market value of £122 billion (€148bn). Since then, £49 billion (€59bn) has been wiped off its value.” City analysts are blaming Obama. “BP's position at the top of the London Stock Exchange means it is a bedrock of almost every pension fund in the UK,” notes the conservative daily “meaning its value is crucial to millions of workers.” BP has committed to pay out £7.2bn dividend to its shareholders, a measure the US government violently opposes while the well continues to leak up to an estimated 30,000 barrels a day.
In a time of crisis with high unemployment, young Lithuanians are following in the footsteps of their emigrant ancestors. Tens of thousands have left the country in search of a better life, mainly in the British Isles and Scandinavia. The weekly Veidas reports:
The new Eurogroup meeting on February 9 is not enough to banish the spectre of a Greek bankruptcy. While Athens may largely be responsible for the crisis, the EU and its partners are not blameless themselves. La Stampa argues that their confused messages and the absence of any strategy have transformed a resolvable problem into an explosive chaos.
Two camps, two theories, and two visions of France: 18 years after the massacre of 800,000 Tutsis, the precise role played by Paris is still the subject of heated debate, fueled by the findings of successive criminal investigations.