Greece has decided to cut 2 percent of GDP to make sure it cuts the deficit compared to 2009.  The European Union is of course for this action and they said Greece could count on their support.  The euro zone is all about financial stability and it’s members are willing to act to do so.

During rally on Sunday Italian Premier, Silvio Berlusconi, was struck in the face by a man with a small statue.  He was struck hard enough to draw blood.  The attacker was a forty-two year old man and he was taken into custody.

The TV crews that were at the incident caught footage of the Prime Minister being brought to his feet with a bloody nose and mouth.  More

If the proposed free trade deal goes through with South Korea, the Euro Auto Makers will have less room to cut costs.  The majors in this segment include Fiat, Renault, and PSA Peugeot Citroen.  These guys are concern with something called “duty drawback”.  That is a refund South Korea gives to help reduce tariff costs on imported parts.

The European Commission has proposed that Serbia, Montenegro, and Macedonia lift visa requirements for travel.  The European Council will make the ultimate decsion later this year.

This will open up the borders and make travel a much more pleasant experience.  This has been at the top of the to do list for many years, and could finally come to fruition.

Leaks of exit poll results of three German state elections before the polls closed happened via Twitter.  The leak seemed to have happened even an hour before closing.  The scariest part is that leaks can be faked and that could determine an election.  What if via Twitter one side creates the illusion of a landslide victory, and it happens to be very close.  If the non-tech savvy party does this, they could beat the tech savvy party.  Otherwise it could backfire.

Reversing global warming will cost up to $185 billion (euro130 billion) a year before 2020 and require more action by world governments than currently pledged, an international environmental analysis group said Thursday.

If you didn't turn on the news yesterday or look at a computer.  Unfortunately, It was a sad day in Iraq.  They are saying that the attacks that killed 75 and hurt 300 more seemed to be coordinated.  Iraqi security officials are finding it hard to defend the capital after a series of bombings struck Baghdad yesterday. According to Iraq there were at a minimum 6 explosions in the span of one hour.  The scariest part is this also includes part of the Green Zone.

We haven't been properly monitoring arms control over the last couple of years and now we are feeling the effects of our laziness.  If we stay on our current course of action, things will only get worse and force everyone to increase their military spending to deal with the growing about of threats. The US canceled a treaty that banned certain anti-ballistic missiles.  Russia suspended a heavy weapons cap.  There have also been problems with a Bio Weapons treaty.  Hopefully this trend won't continue.

The Russian President, Dmitry Medvede, said the attack on the Southern Republic of Ingushetia Police station could have been prevented.  This attack killed 20 people and injured 138 more.

The reason for the uproar is that the stolen truck that was used in the bombing was reported stolen at an earlier date.  Also, police even fired shots at the truck when it was rammed into the gate, but they couldn’t get it to halt.

I think it’s going a tad far blaming the police for the attack.  But maybe they do have to be more prepared.  This could be a wake-up call.

Shares took a hit on Monday but Tuesday is looking better.  The big winners of the day seem to be the banks and the miners.  HSBC is back on the way up after they were upgraded by Goldman Sachs.

As energy futures and metal futures start to show firm numbers the mining sector showed signs of life.

Bankers and Miner stocks have a huge impact on the rest of the stock market.  This is why it is so key to keep an eye on both sectors.