World briefs: Shaky Europe banks boosted

Share with others:


Print Email Read Later

DAVOS, Switzerland -- There will be enough money to recapitalize banks that fail a review by the European Central Bank this year, top European leaders said Saturday, seeking to assuage lingering doubts whether policymakers will succeed in cleaning up the financial system and restoring the flow of credit.

Jeroen Dijsselbloem, president of the Eurogroup of eurozone finance ministers, said at the World Economic Forum that if ailing banks were not able to raise capital from investors, they would draw it from their own governments, and as a last resort, from the European bailout fund.

"The instruments are there," Mr. Dijsselbloem, who is also the Netherlands finance minister, said during a panel discussion.

Hollande, companion split

PARIS -- President Francois Hollande announced Saturday that he and his companion, Valerie Trierweiler, had formally ended their relationship, bringing to a close a two-week-long melodrama that began with a magazine's report of an affair with an actress and Ms. Trierweiler's emotional collapse over the disclosure.

The separation will leave the president living as a single man, and France will no longer have a de facto first lady. Although there is no official title of first lady in France, Ms. Trierweiler had accompanied Mr. Hollande at official functions and traveled with him on state visits. Their relationship began in 2005.

Ms. Trierweiler, a journalist, will return to private life.

The announcement came, as Mr. Hollande had promised it would, ahead of an official trip to Washington, planned for Feb. 10, during which he will spend time with President Barack Obama, be honored at a state dinner and then go on to San Francisco to meet with business leaders.

CAR chooses premier

BANGUI, Central African Republic -- The interim government in Central African Republic on Saturday chose a regional banking official to serve as prime minister.

The presidency announced the selection of Andre Nzapayeke, who has held several positions with the Central African States' Development Bank, called BDEAC by its French acronym.

An interim government is being formed since coup leader Michel Djotodia stepped aside nearly 10 months after he and thousands of armed fighters overthrew the president in March 2013.

32 feared dead in fire

L'ISLE-VERTE, Quebec -- Crews on Saturday recovered just two more bodies on the third day of an excruciating search through the charred remains of a Quebec retirement home, now covered in ice as thick as 2 feet. A total of 32 people are believed to have been killed in the massive fire, but just 10 bodies have been found.

The cause of Thursday's blaze in the small town of L'Isle-Verte, 140 miles northeast of Quebec City, remains under investigation.

Also in the world ...

South Sudan's government and rebel forces accused each other Saturday of violating a cease-fire that was supposed to suspend a five-week conflict that has killed thousands of people and driven half a million from their homes. ... A grenade exploded outside the stadium where Madagascar's new president was inaugurated hours earlier Saturday, killing a child and injuring 33 people. ... Thousands have fled Pakistan's troubled northwest region bordering Afghanistan after airstrikes last week targeting suspected Taliban militant hideouts killed dozens of people, elders and officials said Saturday.


Join the conversation:

Commenting policy | How to report abuse
To report inappropriate comments, abuse and/or repeat offenders, please send an email to socialmedia@post-gazette.com and include a link to the article and a copy of the comment. Your report will be reviewed in a timely manner. Thank you.
Commenting policy | How to report abuse

Advertisement
Advertisement
Advertisement

You have 2 remaining free articles this month

Try unlimited digital access

If you are an existing subscriber,
link your account for free access. Start here

You’ve reached the limit of free articles this month.

To continue unlimited reading

If you are an existing subscriber,
link your account for free access. Start here