Ireland unveils a 15 billion euro austerity package to secure a bailout from the financial crisis.
Ireland unveiled a 15-billion-euro austerity package Wednesday required to unlock an international bailout, slashing public sector pay and pensions but refusing to raise corporation tax.
- Sydney Morning Herald (Image)
- The value of the euro falls by one percent after the European Central Bank announces it expects to halve net bond purchases to EUR15 billion per month from October to December, then end "quantitative easing" by the close of the year, while not raising interest rates.
- Finland says compensation payouts for wrongful convictions and imprisonments have quadrupled in ten years, with three million euros paid in 2017 versus 720,000 euros in 2007.
- Iran's central bank officially switches from using the U.S. dollar to the euro in its international transactions.
- The European Court of Human Rights rules that Russia had failed to protect students and teachers during the 2004 Beslan school siege, which left 334 people dead, and orders the Russian Government to pay 2,955,000 euros to 409 relatives of the victims. The ruling was quickly denounced by Russia as "unacceptable".
- Former Congolese Vice President and warlord Jean-Pierre Bemba, sentenced last year by the International Criminal Court (ICC) to 18 years in prison for war crimes, is given an additional 12 months and fined 300,000 euros for bribing witnesses during an earlier ICC trial. The court also handed jail terms and fines for alleged interference in his trial to members of his legal team.