After years of overspending, Greece and other heavily indebted nations need the sacrifice and budget discipline symbolized by Ash Wednesday and Lent.
Libya strongman Muammar Qaddafi, still miffed that Switzerland briefly arrested his son for allegedly beating his servant while visiting the European nation, has banned most European travel to Libya.
Despite historically high projected US budget deficits, the US is the 'most credit-worthy country in the world,' says Christina Romer, chair of President Obama's Council of Economic Advisors.
European Union (EU) leaders promised on Thursday that they stand waiting to help debt-laden Greece, if needed. But the euro declined as investors worried about the lack of a clear commitment to a bailout package.
Polls show that nearly two-thirds of Greeks support austerity measures to deal with the Greece debt crisis. But taxi drivers, facing new gas taxes, went on strike Thursday.
US space shuttle Endeavour blasted off from Cape Canaveral, Fla., in what was probably the shuttle program’s final nighttime launch.
The US and other NATO allies worry that the French sale of a $750 million Mistral warship to Russia will set an arms-trading precedent. But analysts say the ship does not yet represent the transfer of cutting-edge technology to Russia.