IMF presses Europe to contain debt crisis

WASHINGTON (Reuters) – Europe was pressed by other world powers on Saturday to take strong measures to fix its debt-heavy economy and restore growth to a level that would lift the cloud hanging over the fragile global recovery. A day after top economies agreed to lend more money to the International Monetary Fund to help contain Europe’s debt crisis, the IMF’s governing panel said the euro area must cut government debt burdens, make bold economic reforms and stabilize its financial systems to restore growth. …

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IMF presses Europe to contain debt crisis

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Prosecutor seeks stiff sentence for Congo warlord

The International Criminal Court’s chief prosecutor said Thursday he would seek “close to the maximum sentence” for Congolese warlord Thomas Lubanga, convicted of using child soldiers.

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Eastern Europeans fuel fight for Internet freedoms (AP)

AP – Eastern Europe’s tradition of political revolt has met the digital age. This time it’s not communists or food shortages fueling fury, but an international copyright treaty that opponents say threatens freedom on the Internet.

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Eastern Europeans fuel fight for Internet freedoms
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US student says he was beaten after Cairo arrest (AP)

AP – Forced to lie still for hours in the dark, the American students held during protests in Egypt were told they would be shot if they moved or made any noise, one of them said Sunday on his first full day home.

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Financial fallout for Penn State: $2 billion fundraising drive in danger? (The Christian Science Monitor)

The Christian Science Monitor – The child sex abuse scandal at Penn State University is driving the school into crisis mode: The new president is issuing statements assuring transparency, and the board of trustees just hired the international public relations firm

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IMF: Financial risks rising in US and Europe (AP)

AP – The International Monetary Fund says the global financial system is more vulnerable than at any point since the 2008 financial crisis.

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IMF: Financial risks rising in US and Europe
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Strauss-Kahn apology seen contrived, staged (Reuters)

Reuters – The French media scorned what it called an insincere and staged TV apology by Dominique Strauss-Kahn for his sexual encounter with a New York hotel maid, with many noting he left the door ajar for a eventual political comeback.

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Strauss-Kahn apology seen contrived, staged
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Murdoch company puts other UK papers under review (AP)

AP – Rupert Murdoch’s scandal-hit News International confirmed Tuesday it is reviewing journalistic standards across the company, a U.K. media empire that includes The Times of London newspaper.

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Murdoch company puts other UK papers under review
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IMF chief urges U.S. to immediately resolve debt spat (Reuters)

Reuters – IMF chief Christine Lagarde on Tuesday urged the United States to quickly resolve a political stalemate over raising the debt ceiling, warning that failure to reach an agreement would have serious consequences for the world economy.

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Top Murdoch aide Rebekah Brooks quits over hacking (AFP)

AFP – Rebekah Brooks, the embattled chief executive of Rupert Murdoch’s British newspaper arm, quit on Friday as the media baron made his biggest sacrifice yet in the phone hacking crisis rocking his empire.

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Top Murdoch aide Rebekah Brooks quits over hacking (AFP)

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