Bomb Damages Tax Office in Southern Italy

Splintering and dissent continues in a major way as Christian Noyer, head of the Bank of France, attacks the fiscal rating of the UK following a negative outlook review of France by the rating agencies. In Portugal, socialists talk openly of default as a weapon. Portuguese Socialists Threaten "Economic Atomic Bomb"

A man has confessed to planting a bomb that killed a 16-year-old girl and injured five other people outside a school in the southern Italian city of Brindisi, investigators in Italy said.

Credit Suisse has agreed a €150 million settlement with the Public Prosecutor’s Office in Düsseldorf, Germany, the parties having reached an agreement over client tax evasion issues. The entire proceedings, which involve allegations that the bank’s staff helped customers hide their wealth, will be resolved by the one-off payment, to be booked this quarter, and Credit Suisse says it welcomes the outcome in preference to a “complex and prolonged” legal dispute.