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Riyadh, Jumada II 8, 1436, Mar 28, 2015, SPA -- The Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud returned to Riyadh coming from Egypt after having led the Kingdom of Saudi...

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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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Riyadh, Jumada II 8, 1436, Mar 28, 2015, SPA -- The Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud returned to Riyadh coming from Egypt after having led the Kingdom of Saudi Arabia's delegation to the 26th session of the Arab summit. He is accompanied by President...
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NEW YORK, Jumada II 8, 1436, Mar 28, 2015, SPA -- Emergency workers are searching for at least two people still missing after an apparent gas line explosion leveled three apartment buildings as investigators piece together what exactly caused the blast that injured 22. Special canine units...
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PORT HARCOURT, Jumada II 8, 1436, Mar 28, 2015, SPA -- Gunmen shot dead a Nigerian soldier in an ambush in the southern oil hub of Port Harcourt on Saturday, the military said, as voters were casting their ballots across the country in a presidential election, Reuters reported. Brigadier-General...
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Buenos Aires, Jumada II 8, 1436, Mar 28, 2015, SPA -- Argentine football legend Diego Maradona said Saturday he supports Jordan's Prince Ali Bin Al Hussein in the campaign to dethrone Joseph Blatter as president of the world governing body FIFA, dpa reported....
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Sharm el-Sheikh, Jumada II 8, 1436, Mar 28, 2015, SPA -- Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud left here today after heading the Saudi delegation to the 26th Arab Summit. At the summit venue, the Custodian of the Two Holy Mosques was seen off by Egypt's President...
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