Raising the spectre of a Greek exit, the German chancellor said “solidarity for the euro” was threatened by the ongoing political crisis in Athens.
Stock markets around the world fell sharply with fears mounting that a euro break-up could lead to renewed financial turmoil. The FTSE-100 index of Britain’s major companies fell by two per cent to 5465, with bank shares hit particularly hard.New elections may be held next month and Greek voters are likely to be warned by European leaders that their country may be ejected from the euro if they do not support parties backing austerity measures.
As if the Greek situation wasn’t messy enough, a missing paragraph from a key legal document is throwing a wrench into a debt deadline.
Bloomberg / Bloomberg via Getty ImagesThe Parthenon in Athens, Greece
Greece has a 436 million euro principal repayment due Tuesday. So far, the country has not decided what to do.
Arab terrorists attacked southern Israel with a Kassam rocket early Tuesday and attacked Jews in the Hevron area with two firebombs overnight as “Nakba Day” began.
The rocket, fired fromGaza, exploded in an open area near Sderot, and the firebombs were hurled at IDF soldiers stationed at the village of El-Aroub, located less than one mile south of the Gush Etzion junction on 60 to Kiryat Arba-Hevron.The attacks coincided with the beginning of what Arabs call Nakba Day, or the day of catastrophe, referring to the English date of May 15 when the State of Israel was re-established with a declaration of independence in 1948.Security services are expecting the worst and hoping for the best on Tuesday. Along the northern border, the military said it will not allow a repeat of last year’s Syrian infiltration into the Golan Heights.
Thousands of Palestinians gathered in Ramallah for a major rally at the Martyr Yasser Arafat Square Tuesday. The protesters raised black banners and Palestinian flags to mark the event. Palestinian Authority Prime Minister Salam Fayyad attended the event.
Zionist activists confronted Arabs and leftist sympathizers in Israeli campuses Tuesday for the second straight day as Arabs marked "Nakba Day," in which they mourn their to annihilate the Jews in the Land of Israel in 1948.
Arabs in the Har Hatzofim campus of Hebrew waved PLO flags and chanted the PLO battle cry, "with blood and fire we will redeem Palestine."
President Barack Obama reportedly held an off-the-record foreign policy meeting with nine editors and columnists to discuss Afghanistan, Israel, NATO and the G8 Summit at Camp David. Many of the participants are widely known for their extreme and unwarranted criticism of the Jewish state.
Business Insider notes this is the first time the Russian military will have been invited onto U.S. soil for a military drill.
Maj. Gen. Albert N. Stubblebine III (US Army Ret.), President of the Natural Solutions Foundation, an international NGO (non-governmental organization), released a 27 minute public service Estimate of Situation about Fukushima, Japan focusing on the immediate threat to the Northern Hemisphere emanating from the highly radioactive ruins of the 5 Fukushima nuclear reactors. The video is available without charge at http://www.GeneralBert.com.Gen. Stubblebine’s prognosis is dire: “When the highly radioactive Spent Fuel Rods are exposed to air, there will be massive explosions releasing many times the amount or radiation released thus far.Whether through evaporation of the water in the pools, or due to the inevitable further collapse of the structure, there is a severe risk.When the final cataclysm occurs, sooner rather than later, the whole Northern Hemisphere is at risk of becoming largely uninhabitable.”General Stubblebine details in his riveting video the amounts of radioactive materials that will be propelled across the Pacific and across the United States if the Fukushima reactor structures (especially Spent Fuel Pool Number 4) collapse.
An astounding pulse of destruction and growth at an underwater volcano north of New Zealand has provided a new insight into the behaviour of submarine mountains.
The Monowai seamount, which lies at the intersection of the Pacific and Indo-Australian tectonic plates at the Tonga-Kermadec subduction zone, underwent one of the fastest episodes of volcano growth documented on Earth.Their findings have been published online in the journal Nature Geoscience. The article's authors include GNS Science geologist and geochemist Cornel de Ronde.The researchers believe the changes are larger than at most other volcanoes. Only Vesuvius and Mount St Helens have recorded larger growth rates."Any movement on the seabed has the potential to create a tsunami."This is a violent exchange of rock into the water - it could destabilise the cone and cause a landslide which in principle could cause a tsunami.''
A Hebrew University archeologist says finds at a new dig site near Jerusalem are backing up the biblical narrative of an Israelite kingdom centered on Jerusalem in 1000 BC, around the time of King David and his son, King Solomon.Professor Yosef Garfinkel has been digging at Khirbet Qeiyafa near the Jerusalem suburb of Beit Shemesh since 2007. Carbon dating of unearthed olive pits has put the period of activity at Khirbet Qeiyafa at 1020 BC - 980 BC, almost exactly the period of time the Bible says David and Solomon were active in the region. The dating, together with the uniqueness of the finds, has made Khirbet Qeiyafa one of the most important biblical archeological digs.Less than a year after working Khirbet Qeiyafa, Garfinkel unveiled what is believed to be the oldest Hebrew inscription found to date. At the time, Garfinkel said the inscription proved that vibrant, centralized and literate Hebrew kingdom existed in the area 3,000 years ago, just as the Bible says it did.Last week, Garfinkel shared his latest find - two ancient models of shrines that very closely resemble the biblical description of Solomon's Temple in Jerusalem. The models would have presumably been used in religious rites.All of this evidence combined is important because it counters the claims of some archeologists that the Bible is full of myths, which until now the have based on the lack of evidence for a large and centralized Israelite kingdom around 1000 BC.