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Brussels, Jumada I 15, 1436, Mar 6, 2015, SPA -- The European Union's executive agreed measures Friday to help the bloc's pork industry, which has come under pressure after Russia imposed...

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Berlin, Ramadan 23, 1432, Aug 23, 2011, SPA -- A leading member of Chancellor Angela Merkel's
government called Tuesday for cash-strapped eurozone members to use
their gold reserves as collateral for any future bailouts, according to dpa.

Labour Minister Ursula von der Leyen said in the future that money
from the European Union-led rescue fund should only be paid out when
the states receiving the assistance provided collateral.

Von der Leyen believes that the gold reserves and industrial
holdings held by many nations could be used as collateral for loans,
according to information from German public television.

The Labour Minister, who is a vice president of Merkel's
conservative Christian Democrats (CDU), is also member of a special
new CDU party commission set up to review the debt crisis gripping
parts of the 17-state eurozone.

The commission was established following conflict within the ranks
of the CDU over how to deal with the financial problems facing
members of the currency bloc.

Von der Leyen's comments also came amid signs of fresh tensions
among eurozone members over the 109-billion-euro second rescue
package for Greece, which is due to be pieced together next month.

About five eurozone states, led by Finland, have been calling for
Greece to provide collateral before agreeing to the second bailout
out.

The price of gold has surged this year amid a flight to safety by
investors unnerved by the turmoil in share markets, which has been at
least in part triggered by the eurozone debt crisis.

Gold climbed to a record high Tuesday, when it breached the key
1,900-dollar an ounce mark.

--SPA
18:01 LOCAL TIME 15:01 GMT
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Brussels, Jumada I 15, 1436, Mar 6, 2015, SPA -- The European Union's executive agreed measures Friday to help the bloc's pork industry, which has come under pressure after Russia imposed a ban last year on EU pig products following an outbreak of African swine fever. Relations between...
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New Delhi, Jumada I 15, 1436, Mar 6, 2015, SPA -- Indian Premier Narendra Modi has decided to drop the Maldives from a regional tour next week following political unrest in the island nation, officials said Friday. India's External Affairs Ministry announced that Modi would be visiting...
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London, Jumada I 15, 1436, Mar 6, 2015, SPA -- British police have detained 57 suspects in a week-long crackdown on cyber crime, the government said on Friday. The arrests were made in 25 police operations across the country, for offences including data theft from government and company...
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Washington, Jumada I 15, 1436, Mar 6, 2015, SPA -- The US unemployment rate fell to 5.5 per cent in February, 0.2 percentage points down on the January figure, the Department of Labour reported on Friday. A total of 295,000 new jobs were created in February, many more than analysts had...
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Ramallah, Jumada I 15, 1436, Mar 6, 2015, SPA -- Palestinian President Mahmoud Abbas met here today with U.S. Consul General in Ramallah Michael Ratni. During the meeting, all aspects of the latest developments in the...
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