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Vice Premier: Iran, Hezbollah behind Lebanon protest over Israel sea border

July 11, 2011 Comments off

haaretz

The Vice Prime Minister and Strategic Affairs Minister Moshe Ya’alon said at a meeting of cabinet ministers on Sunday that Iran and Hezbollah are behind the government of Lebanon’s petition to the United Nations concerning the maritime border with Israel.

martime border - Haaretz - July 10 2011 Schematic diagram of Northern Maritime Border.
Photo by: Haaretz

Ya’alon said that Iran and Hezbollah are purposefully trying to create a new source of friction with Israel.

“We signed an agreement with Cyprus that is in keeping with its agreement with Lebanon,” said Ya’alon. “When we announced our gas drilling, the Iranians and Hezbollah decided that it would be a good excuse for conflict with us.”

“They decided to sketch a new border south of the line that was agreed to in talks between Lebanon and Cyprus, and basically entered Read more…

Categories: Iran, Israel, Lebanon Tags: , , ,

US punishes Pakistan Army in major shift

July 11, 2011 2 comments

thenews.com

WASHINGTON: The US confirmed on Sunday that direct and indirect aid worth $800 million to the Pakistan Army had been withheld while Pakistani diplomats disclosed that a 10-point list had been given to the GHQ, compliance of which would determine how much and when the flow of money would restart.

The official confirmation came from the White House chief of staff who told a TV channel on Sunday that Washington was holding back the money after a major New York Times story revealed the military aid had been suspended.

The 10-point list was given some time back and diplomats said Pakistan had Read more…

IMF chief calls on US to raise borrowing limit

July 11, 2011 Comments off

miamiherald

WASHINGTON — The International Monetary Fund’s new chief foresees “real nasty consequences” for the U.S. and global economies if the U.S. fails to raise its borrowing limit.

Christine Lagarde, the first woman to head the lending institution, said in an interview broadcast Sunday that it would cause interest rates to rise and stock markets to fall. That would threaten an important IMF goal, which is preserving stability in the world economy, she said.

The U.S. borrowing limit is $14.3 trillion. Obama administration officials say the U.S. would begin to default without an agreement by Aug. 2.

“If you draw out the entire scenario of Read more…