Ex-Finance Minister named as the new Premier of Egypt

Ex-Finance Minister named as the new Premier of Egypt

The people created their Constitution with their votes, he wrote on his Facebook page, referring to the Constitution that Islamists pushed to finalisation and then was passed in a national referendum during Mr Morsis year in office. Mr El Erian said the military and its allies were targeting not just the President but the nations identity, the rights and freedoms of the people, and the democratic system enshrined in the Constitution. Under the timetable issued on Monday by interim President Adly Mansour, two appointed panels would be created. One, made up of judges, would come up with amendments. The other, larger body consisting of representatives of society and political movements would debate the amendments and approve them.

Obama taps his re-election finance chairman, Matthew Barzun, to be ambassador to Britain

However, the decision of Prime Minister Manmohan Singh to put on hold the contentious Preferential Market Access (PMA) policy is expected to give Chidambaram some comfort level in responding to the charges of the American corporate sector and lawmakers. The move has been welcomed by the US industry. Chidambaram is likely to discuss the issue of investment by US companies in India, especially in infra sector, various policy measures taken by the government to boost investment in the country and tax related matters among others. Before leaving for India, he is also scheduled to meet Senator Max Baucus, Chairman, Senate Finance Committee and Senator Mark Warner, Co-Chair, Senate India Caucus.

European finance ministers ready to welcome Latvia into euro, despite economic problems

An attorney known for representing whistle-blowers, Phillips currently chairs Obamas commission that selects candidates to be White House Fellows. Barzun and Phillips become the latest in a long string of Obama fundraisers and former campaign operatives to be given plum diplomatic postings in recent months many of them in European capitals. Last month Obama tapped Patrick Gaspard, a former White House aide and top Democratic Party official, to be the U.S. ambassador to South Africa.

Finance Minister P Chidambaram arrives in US to woo investors

Chidambaram arrives in US to woo investors

The Baltic state has won approval to become the 18th European Union country to use the euro from the EU’s executive Commission. Finance ministers are expected to give their assent in Brussels on Tuesday. Finance ministers brushed aside the idea that it might be difficult to enlarge the eurozone while the region struggles to support cash-strapped members, like Greece and Portugal. Irish Finance Minister Michael Noonan called Latvia’s adoption of the euro along with Croatia’s recent joining of the EU “absolutely amazing when you pull back from the day-to-day workings of the crisis.” Latvia will start using the euro at the start of 2014.

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