Europe seeks new levy on banks
A network of national funds should be introduced so the cost of bank failures are not met by the taxpayer, the EU internal market commissioner has said. Michel Barnier said such funds would provide part of a broader system aimed at preventing future financial crises. Banks would be required to pay a levy into the funds which would not be used to bail out failing banks, but manage failures in ‘an orderly way’. Mr Barnier said: ‘I believe in the 'polluter pays' principle. It is not acceptable that taxpayers should continue to bear the heavy cost of rescuing the banking sector. They should not be in the front line,’ he said. And the EU report said that any levies that banks were made to pay should not be passed on to their customers in the form of higher charges.
Pray: that this proposed levy would be found acceptable. (Lev.19:15) More: http://news.bbc.co.uk/1/hi/business/10159631.stm
Europe seeks new levy on banks
A network of national funds should be introduced so the cost of bank failures are not met by the taxpayer, the EU internal market commissioner has said. Michel Barnier said such funds would provide part of a broader system aimed at preventing future financial crises. Banks would be required to pay a levy into the funds which would not be used to bail out failing banks, but manage failures in ‘an orderly way’. Mr Barnier said: ‘I believe in the 'polluter pays' principle. It is not acceptable that taxpayers should continue to bear the heavy cost of rescuing the banking sector. They should not be in the front line,’ he said. And the EU report said that any levies that banks were made to pay should not be passed on to their customers in the form of higher charges.
Pray: that this proposed levy would be found acceptable. (Lev.19:15) More: http://news.bbc.co.uk/1/hi/business/10159631.stm
Russia: Baptist Pastor beaten to death
According to the Russian Union of Evangelical Christians-Baptists, Pastor Yuri Golovin, a preacher at the Central Baptist Church in St Petersburg, was beaten by unknown assailants outside the home of an elderly church member whom he had intended to visit. After the assault, Pastor Golovin managed to get the attention of the church member, who immediately called an ambulance. Sadly, Pastor Golovin died of his injuries at the hospital. There has been no confirmation of what motivated the attack, but a report in the International Christian Newspaper indicates that his assailants may have been local drug addicts. Yuri Golovin had been the head of The Gideons chapter in St Petersburg and Leningrad. Youth pastor Anton Tretyak said that Yuri had been a wonderful example of a living Christian, who was not ashamed of witnessing about Christ and living for Christ.
Pray: for the family of Pastor Yuri Golovin. Pray also that the Lord will bring those responsible to justice and that this tragedy will lead to many new opportunities for the Gospel. (Heb.12:1) More: http://www.sga.org/2010/05/baptist-pastor-beaten-to-death-in-st-petersburg/
Russia: Baptist Pastor beaten to death
According to the Russian Union of Evangelical Christians-Baptists, Pastor Yuri Golovin, a preacher at the Central Baptist Church in St Petersburg, was beaten by unknown assailants outside the home of an elderly church member whom he had intended to visit. After the assault, Pastor Golovin managed to get the attention of the church member, who immediately called an ambulance. Sadly, Pastor Golovin died of his injuries at the hospital. There has been no confirmation of what motivated the attack, but a report in the International Christian Newspaper indicates that his assailants may have been local drug addicts. Yuri Golovin had been the head of The Gideons chapter in St Petersburg and Leningrad. Youth pastor Anton Tretyak said that Yuri had been a wonderful example of a living Christian, who was not ashamed of witnessing about Christ and living for Christ.
Pray: for the family of Pastor Yuri Golovin. Pray also that the Lord will bring those responsible to justice and that this tragedy will lead to many new opportunities for the Gospel. (Heb.12:1) More: http://www.sga.org/2010/05/baptist-pastor-beaten-to-death-in-st-petersburg/
