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Wednesday, November 2, 2011

Magazine attack on islamic issue an image of the Prophet Mohammad on its cover


A firebomb attack gutted the headquarters of French satirical weekly Charlie Hebdo on Wednesday after it put an image of the Prophet Mohammad on its cover. This week's edition shows a cartoon of Mohammad and a speech bubble with the words: "100 lashes if you don't die of laughter." It has the headline "Charia Hebdo," in a reference to Muslim sharia law, and says Mohammad guest-edited the issue. Charlie Hebdo's website on Wednesday appeared to have been hacked and briefly showed images of a mosque with the message "no God but Allah," after which the site was blanked. Many Muslims object to any representation of Allah or Mohammad, or to irreverent treatment of the Koran, and such incidents have inflamed protests in the past, sometimes violent. Danish cartoons of Mohammad in 2005 sparked unrest in the Muslim world in which at least 50 people were killed. An American pastor's burning of a copy of the Koran led to protests in Afghanistan in April in which several died. Police said nobody was injured in the fire that broke out at about 1 a.m. (midnight GMT) in the office building that houses Charlie Hebdo. Windows were broken on the ground floor and first floor and fire damage was visible inside. The Paris prosecutor's office told Reuters that two molotov cocktails had been thrown into the magazine's offices. "The building is still standing. The problem is there's nothing left inside," Stephane Charbonnier, editor of Charlie Hebdo, told Europe 1 radio.

Greek PM under fire over referendum call on bailout


PM George Papandreou has thrown the nation s euro membership into jeopardy with a shock call for a referendum. Caught unawares by his high-risk gamble, the leaders of France and Germany summoned Papandreou to crisis talks in Cannes on Wednesday to push for a quick implementation of Greece s new bailout deal ahead of a summit of the G20 major world economies. The euro and global stocks were pummeled on financial markets after the Greek move threw into question the survival of crucial efforts to contain the euro zone s sovereign debt crisis. Six senior members of Greece s ruling PASOK socialists, angered by his decision to call a plebiscite on the 130 billion euro rescue package agreed only last week, said Papandreou should make way for "a politically legitimate" administration. A leading PASOK lawmaker quit the party, narrowing Papandreou s already slim parliamentary majority, and two others said Greece needed a government of national unity followed by snap elections, which the opposition also demanded. Euro zone leaders thrashed out Greece s second financial rescue since last year, in return for yet more austerity, in the hope that it would ease uncertainty surrounding the future of the 17-nation single currency. Instead, financial markets suffered another bout of turmoil on Tuesday due to the new political uncertainty and the risk that austerity-weary Greeks could reject the bailout. Opinion polls show most voters think it is a bad deal. The euro fell nearly three cents against the dollar and the risk premium on Italian bonds over safe-haven German Bunds hit a euro lifetime high, raising Rome s borrowing costs to levels that proved unsustainable for Ireland and Portugal. "The referendum is a bad idea with a bad timing. The post-summit rally is over," said Lionel Jardin, head of institutional sales at Assya Capital, in Paris. European bank shares dived on fears of a disorderly Greek default and the Athens Stock Exchange suffered its biggest daily drop since October 2008, with the general index shedding 7.7 percent. European politicians expressed incredulity and dismay at Papandreou s announcement on Monday evening that took everyone by surprise, including his own finance minister. "Announcing something like this only days after the summit without consulting other euro zone members is irresponsible," Slovak Finance Minister Ivan Miklos told Reuters. Ireland s European affairs minister, Lucinda Creighton, whose own country is struggling through an EU/IMF bailout programme, said last week s European summit was meant to have dealt with the uncertainty in the euro zone. "And this grenade is thrown in just a few short days later," Creighton said. "Legitimately there is going to be a lot of annoyance about it."