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Don't believe the hype: Why Germany needs Greece to stay in euro

By Simon Kennedy

Don?t believe the hype.

A reading of the German press suggests Chancellor Angela Merkel is at peace with the idea of Greece quitting the euro. Der Spiegel says her government views that as a manageable outcome; Bild reports that officials are preparing for the prospect. Lawmaker Michael Fuchs says Greece is no longer a threat to financial stability.

Brent oil drops under $50 for first time since 2009

European benchmark Brent oil sank under $50 per barrel today for the first time since 2009, hit by OPEC's production stance, oversupply, weak demand and the strong dollar.

In morning London deals, Brent North Sea crude for delivery in February dived to a 5.5-year low at $49.81 a barrel. New York crude had already slumped under $50 on Jan. 5.

Şişli Mayor says Sarıgül forced him to resign with death threats

Mayor of Istanbul’s Şişli Municipality Hayri İnönü and his wife, Nazlı İnönü, gave their testimonies to the Istanbul Public Prosecutor on Dec. 30, 2014 concerning claims that they received threats on their lives by former Şişli Mayor Mustafa Sarıgül.

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