Archive for August, 2017

Brexit supporters think leaving EU is worth ‘significant damage’ to UK economy, poll finds – CNBC

Peter Nicholls | Reuters

A supporter of Britain leaving the EU, attends an event in London, Feb. 19, 2016.

Voters who supported the United Kingdom's exit from the European Union seem adamant that they made the right decision last year.

A recent YouGov poll found that 61 percent of people who voted to leave the EU said Brexit would be worth "significant damage to the British economy."

The poll comes as Prime Minister Theresa May advocates for a so-called hard Brexit, which would end the free movement of goods, services and people between the U.K. and European Union.

Amid Britain's uncertain economic future, a number of companies have already said they are considering relocating their regional offices to other major European cities. Consulting firm Oliver Wyman estimates that London could see 40,000 sales, trading and investment banking jobs relocate to other financial centers in Europe.

When asked if leaving the EU would be worth causing the respondent or their family members to lose their job, 39 percent of Brexit supporters said that it would be a price worth paying.

The 2016 referendum to exit the EU saw broader support among older generations. Pollsters found that high turnout among older white, working-class people helped drive the win for the Leave campaign.

YouGov's most recent poll echoed those findings, even among those with similar ideological leanings.

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Brexit supporters think leaving EU is worth 'significant damage' to UK economy, poll finds - CNBC

German MEP savages EU for ‘breaking their own rules’ to save crumbling eurozone – Express.co.uk

Hans-Olaf Henkel, vice-president of the European Parliaments third-largest group the European Conservatives and Reformists, launched the furious tirade at Brussels leaders after they allowed Italian banks to be bailed out to save their single currency.

The German accused the European Commission, headed up by its president Jean-Claude Juncker, of breaking its own rules to keep the euro afloat while it faces difficulties due to faltering economies across its southern states.

Speaking during an exclusive interview with Express.co.uk, Mr Henkel also scorned Mr Juncker and co for not offering the same level of flexibility to keep Britain inside the European Union and avoided Brexit.

The German blasted: The only way of keeping the euro was breaking all the rules.

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The only way of keeping the euro was breaking all the rules

Hans-Olaf Henkel

The same Commission, and the same heads of states, who said we must not allow one exception to our rules the same people constantly violate our rules in order to keep the euro.

Im afraid they will continue to do so because they either stick to the rules and the euro is dead, and that its obvious they made a mistake, or they continue to violate all of the rules so nobody will find out theyve made a mistake.

The EU laid down new rules to protect taxpayers from banking failures in 2014, after member states used almost two trillion euros to prop up lenders during the crisis.

Another ruling, introduced last year, forbid taxpayers money being used to rescue lenders without investors also taking a hit.

But seemingly they flaunted their own rules and allowed Italian taxpayers to foot the bill after two failed lenders were taken over by the countrys biggest retail bank Intesa Sanpaolo.

Instead of shareholders of Popolare di Vicensa and Vento Banca facing huge charges to save the lenders, a 14billion (17bn) was signed by the state instead of allowing another eurozone collapse.

Rome was also allowed to step in to rescue its oldest lender Monte de Pachi, despite the EU rules.

Bailouts arent reserved only for Italian banks, Santander bought toxic lender Banco Popular for a nominal 1 but not before shareholders lost everything.

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A stock market crash is a sudden dramatic decline of stock prices

Experts have predicted more bail outs, with Italian banks weighted down by about a third of eurozones toxic non-performing loans.

Michael Hewson, chief market analyst at CMC Markets UK, said: So much for the so-called new single European rule book and the much vaunted European Banking Union.

It appears that there is one rule for Spanish banks, and the recent rescue of Popular Bank, and another for Italian banks.

Lets hope the Italian government has deep pockets given that this particular bailout is a fraction of the non-performing loans in the Italian banking system, of which it is estimated there about 300bn.

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German MEP savages EU for 'breaking their own rules' to save crumbling eurozone - Express.co.uk

Afghanistan mosque explosion kills at least 20 people …

A suicide bomber stormed into the largest Shiite Muslim mosque in Afghanistan's Herat province Tuesday night opening fire on worshippers before blowing himself up, killing at least 20 and wounding dozens more, said the provincial governor's spokesman Jalani Farhad.

However Mehdi Hadid, a lawmaker from Herat, who went to the site soon after the explosion told The Associated Press that the scene was one of horrific carnage. He estimated at least 100 dead and wounded were scattered throughout the mosque. The attack took place in the middle of evening prayers when the mosque was packed with about 300 worshippers.

At Herat Main Hospital, Dr. Mohammed Rafique Shehrzai, confirmed 20 bodies were brought to the hospital in Herat city, the capital of western Herat province Tuesday night, soon after the blast shattered the late evening.

Shiites are a minority in Afghanistan and have been threatened by the affiliate of the Islamic State group that operates in the country's east.

No one immediately claimed responsibility for the attack on the Jawadia Mosque, the largest Shiite Muslim mosque, in Herat.

Hadid said he rushed to the mosque after hearing about the explosion. He was told the attacker first fired on the private guards outside the mosque before entering. When inside, he fired on the praying worshippers until his rifle jammed then he blew himself up.

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Afghanistan mosque explosion kills at least 20 people ...

Suicide Bombing Strikes NATO Convoy in Afghanistan – TIME

Civilian and security forces walk inside a minority Shiite mosque after a suicide attack in Herat, Afghanistan on Aug. 1, 2017 reportedly killed at least 20 people.Hamed SarfaraziAP

(KANDAHAR, Afghanistan) A suicide bomber struck a NATO convoy near the southern Afghan city of Kandahar on Wednesday, causing casualties, the U.S. military said.

Lt. Damien E. Horvath, a military spokesman, could not say how many casualties there were, or provide their nationalities. The NATO mission, known as Resolute Support, "can confirm that a NATO convoy was attacked in Kandahar. The attack did cause casualties," he said.

Kandahar police spokesman Zia Durrani also confirmed the attack and the area on the edge Kandahar was quickly cordoned off.

No one immediately claimed responsibility for the bombing.

Eyewitness Ghulam Ali, who runs a mechanics shop near the attack site, said the intensity of the blast knocked him out. When he came to he saw one military vehicle ablaze on the road. He stepped out of his shop but a sudden burst of gunfire drove him back inside.

He heard helicopters arriving and saw soldiers being taken away from the scene but could not determine the extent of their injuries.

Shah Agha Popal, who runs a vehicle parts shop also nearby, said he also saw soldiers being taken away by two helicopters. "But I couldn't tell if they were wounded or if they were dead," he said.

The combined U.S. and NATO troop contingent currently in Afghanistan is about 13,500. The Trump administration is deciding whether to send about 4,000 or more U.S. soldiers to Afghanistan in an attempt to stem Taliban gains.

The attack came as Afghan authorities in western Herat province tightened security ahead of a mass funeral for the victims there of an attack the previous evening that killed 29.

A suicide attacker opened fire inside a mosque packed with worshippers at evening prayers, before detonating his explosives. A second explosion came 10 minutes later.

No one has claimed responsibility for that attack either, but it came a day after the Islamic State group warned it would strike Shiites. The Sunni militant group considers Shiite Muslims as apostates.

Herat provincial spokesman Jilani Farhad said that to reduce the possibility of more attacks, a planned Shiite protest against the attack was to be held just before the burial on Wednesday afternoon, rather than at a separate time and location.

Along with the 29 killed, 64 people were wounded, 10 of them critically.

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Suicide Bombing Strikes NATO Convoy in Afghanistan - TIME

Suicide Attack On Shiite Mosque Leaves At Least 29 Dead In Afghanistan – NPR

After a suicide attack on a Shiite mosque in Herat, relatives of the victims grieve for the loved ones they lost in the violence Tuesday. Hamed Sarfarazi/AP hide caption

After a suicide attack on a Shiite mosque in Herat, relatives of the victims grieve for the loved ones they lost in the violence Tuesday.

A Shiite mosque in western Afghanistan was stormed during evening prayers Tuesday, torn asunder by grenades and a suicide bomber's detonated vest, law enforcement officials say. By the time the scene had settled at the place of worship, at least 29 people were killed and dozens more were injured.

And local officials say the death toll could still rise.

"Two attackers entered the mosque and started shooting and throwing grenades at people," worshipper Mohammad Adi, who was hospitalized for his wounds after the assault, tells Reuters.

"Based on our initial information two terrorists were involved, one of them wearing a suicide vest who detonated himself while the second one was armed with a rifle," local police spokesman Abdul Ahad Walizada tells the news agency Agence-France Presse. "They are both dead."

No group immediately claimed responsibility for the attack, which unfolded at the Jawadia mosque in the city of Herat, near Afghanistan's border with Iran. Both news services note the Taliban has denied involvement in the violence.

The Associated Press describes the aftermath of the attack:

"[Local lawmaker Mehdi] Hadid said he saw several pieces of a body that was being identified as the assailant. Although it's not clear if there was a second attacker, witnesses in the area reported hearing a second explosion about 10 minutes after the initial bomber detonated his explosives.

"The mosque was badly damaged with windows blown out, walls and even the large dome peppered with shrapnel and everywhere was blood from the victims, said Hadid.

"Located just 50 meters (150 feet) away was an Afghan National Police station, but Hadid said the police were too frightened to take action and stood outside the mosque while the attack happened."

The violence follows on the heels of another deadly attack in Afghanistan, this one launched Monday on the Iraqi Embassy in Kabul. As NPR's Scott Neuman reported, witnesses described an embassy building that was racked with gunfire and several explosions.

Reuters notes that so far this year, more than 1,700 civilians have been killed in Afghanistan. The persistent violence has at times attracted protests from Afghans fed up with what they see as the government's failure to maintain its citizens' safety.

"Our leaders are doing nothing to stop this carnage," one protester said earlier this year, just days after a car bomb killed more than 150 people in Kabul.

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Suicide Attack On Shiite Mosque Leaves At Least 29 Dead In Afghanistan - NPR