Gates of Vienna News Feed 8/15/2011

Some financial observers in Germany are concerned over the European Central Bank’s purchase of sovereign debt from Eurozone countries, which they think compromises the independence of the ECB. In contrast, George Soros is advocating the creation of “eurobonds”, which would be issued by the EU to shore up the euro and provide financing for the bailout fund. French President Nicolas Sarkozy, however, says he absolutely will not discuss eurobonds during his summit meeting tomorrow with German Chancellor Angela Merkel. In reaction to Mr. Sarkozy’s pronouncement, European stock markets fell.

In other news, more than forty people were arrested after a peaceful EDL protest and counter-protest in the English town of Telford. Meanwhile, an ancient Roman city has been discovered under the Bulgarian capital, Sofia, during excavations for an expanded subway system.

To see the headlines and the articles, open the full news post.

Thanks to AD, C. Cantoni, CSP, Erick Stakelbeck, JP, Kitman, Nilk, Rembrandt, Vlad Tepes, and all the other tipsters who sent these in.

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Caveat: Articles in the news feed are posted “as is”. Gates of Vienna cannot vouch for the authenticity or accuracy of the contents of any individual item posted here. We check each entry to make sure it is relatively interesting, not patently offensive, and at least superficially plausible. The link to the original is included with each item’s title. Further research and verification are left to the reader.