Nick Griffin reports from the European Parliament for the World at 8 – The latest bank bail-out plans are good news. The world's biggest banking institutions - the US Federal Reserve, the European Central Bank, the Banks of England, Japan and Switzerland - are all piling in to print untold billions of dollars so that they can be lent on the cheap to European banks which are then supposed to lend them at a tidy profit to struggling businesses and families in the real world.
Portugal's centre-right PSD party defeated the Socialist PS government by 38.6% to 28.1% at the general election on 5 June, the lowest result for the Socialist party in 20 years.
By Pat Harrington – Portugal hast just become the third Eurozone country to get a bailout. They have just been given a huge 78 billion Euros. Last May the EU and the IMF stepped in with a bailout for Greece of 110 billion Euros. In November that same year, Ireland got a bailout of 85 billion Euros.
British taxpayers may be forced to foot the bill for another failing EU economy, with a £3-billion-plus bailout of Portugal looking likely after government austerity talks in that country collapsed.
The taxpayer-funded £1.3 trillion bank bailout has allowed the Lloyds Group to post a pre-tax profit of £2.2 billion, somewhat better than the Royal Bank of Scotland (RBS) group which yesterday posted a £1.1 billion loss.
European Union rules on fishing quotas have resulted in 800,000 tons of already dead fish being thrown back into the North Sea last year, Nick Griffin MEP has announced.