General Politics

Merkel blames "market excesses," says financial regulation's a must

Merkel blames "market excesses," says financial regulation's a must Berlin - German Chancellor Angela Merkel repeated Saturday her call for improved regulation of the financial markets, just days ahead of the Group of 20 (G20) summit of leading economies in London.

Speaking at a political gathering of Merkel's Christian Democrats (CDU) the chancellor blamed "market excesses" for the current crisis.

"The world is standing at a crossroad," Merkel said, adding, "we can't afford such crises every ten years."

ROUNDUP: Pakistani forces kill 26 militants, defend supply depot

Pakistani forces kill 26 militants, defend supply depot Islamabad  - Pakistani troops on Saturday destroyed several Taliban hideouts in a restive tribal region and killed at least 26 militants, a day after a suicide bombing at a mosque left 53 people dead, including 15 security personnel, intelligence official said.

More than a dozen militants were also injured when gunship helicopters and artillery targeted insurgents' positions in the Yaka Ghonda area of Mohmand tribal district.

Azhar’s New Avatar!

Mohammed AzharuddinNew Delhi: Former Indian skipper Mohammed Azharuddin is all set to add another feather to its cap.

For the upcoming Lok Sabha Elections, the Congress party has decided to field Azharuddin for the Moradabad seat in Uttar Pradesh (UP). Currently, the seat is being occupied by Shafiqur Rahman Barq of the Samajwadi Party.

With this, the Congress party has named its candidates for 53 of the 80 seats in UP.

Mixed signals from Turkey as Erdogan questions Rasmussen pick

Mixed signals from Turkey as Erdogan questions Rasmussen pickCopenhagen - Danish television reported Saturday that Turkish Prime Minister Recep Tayyip Erdogan expressed reservations about the choice of Danish Prime Minister Anders Fogh Rasmussen as the next NATO secretary general, indirectly contradicting remarks a day earlier by Turkey's president.

In a telephone interview with television network NTV in Copenhagen, Erdogan said there was "considerable irritation in the Islamic countries" over Rasmussen's actions during the early-2006 controversy over the Prophet Mohammed cartoons in Denmark.

ROUNDUP: Socialist party divided over Lajos Bokros for premier

Socialist party divided over Lajos Bokros for premier Budapest - Hungary's Socialist Party was divided in two on Friday evening over the nomination of Finance Minister Lajos Bokros for prime minister, the state news agency MTI reported.

Bokros is backed by one faction of the party while the other prefers Electrolux Hungary boss Janos Takacs, nominated by Prime Minister Ferenc Gyurcsany in the morning.

The liberal Free Democrats, whose support the minority Socialist government needs, said Bokros was the only candidate acceptable to them.

2ND ROUNDUP: Topolanek may finish EU presidency if cabinet revamped

Mirek TopolanekPrague - Political talks in Prague on Friday left chances open for outgoing Czech Prime Minister Mirek Topolanek to complete his term at the European Union's helm under a "restructured" cabinet.

Czech President Vaclav Klaus and opposition Social Democratic leader Jiri Paroubek, whose party ousted the government, debated an option of swearing in a "partially" reconstructed Topolanek cabinet, Klaus' office said in a statement.

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