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Jul092013

EU finance ministers in a holiday mood









Mario Draghi, President of the European Central Bank, ECB addresses a press conference following the meeting of the Governing Council in Frankfurt am Main, central Germany, on July 4, 2013. The European Central Bank pledged to keep its interest rates at their current record low levels for an

"Government crises within member states happen from time to time," he said, adding that he hadn't been surprised by his counterpart's resignation in Lisbon, though he did regret it. "Portugal has shown extremely stable conditions in the past few years," he said. "That's why I feel relatively relaxed. Portugal must continue its successful path." Portugal's path may be successful in terms of the bailout package, but whether the population will follow it to the end is another matter. Draghi critical It was Mario Draghi who ended up raining on the finance ministers' parade.














Zimbabwean Former Finance Minister Backs Tsvangirai in Election






The coming together of these parties has been necessitated by shared commitment to bring to an end the current hardships confronting Zimbabweans, due to the failed policies of the past, said Makoni, whose New Dawn party won 8 percent of the vote in 2008. He spoke at a joint press conference with Tsvangirai, leader of the Movement for Democratic Change in Harare, the capital. The alliance follows a July 5 coalition between the Zimbabwe African Peoples Union, which draws its support mainly in the western region of Matabeleland, and a separate faction of the MDC led by Welshman Ncube. Zimbabweans will vote in presidential and parliamentary elections July 31 after the Constitutional Court turned down applications, including one prompted by the Southern African Development Community , to delay the ballot.







Law ministry asks highways to approach finance ministry on premium rescheduling






"It's surprising for us that the law ministry has asked us to approach finance ministry whereas we have sought legal opinion from them for the second time. How can we seek legal opinion from the finance ministry?" he asked. Meanwhile, NHAI officials are hopeful of the proposal going through soon. They said that the rescheduling of premium has been proposed for two dozen projects and for a specific developer or a special project. "The issue started with GMR offering to take back Kishangarh-Udaipur-Ahmedabad project if NHAI allows.




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Sep222012

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