New party founded in reaction to Danish People’s Party’s heavy focus on immigrants

In January 2010 Christian H. Hansen left Danish People’s Party after 12 years as MP for the party. He was dissatisfied that the party kept the heavy focus on immigrants and used a lot of time discussing a burqa ban in times of financial crisis and while Denmark was facing big trouble with securing a…

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European Rabbis Boycott Interfaith Event With Muslim Brotherhood

The European rabbinical umbrella organization “Conference of European Rabbis” (CER) boycotted an interfaith conference in Belgium after it was determined that Muslim delegates included alleged members of the Muslim brotherhood movement. The meeting, co-hosted by the European commission and the European Parliament, took place in Brussels on Monday of this week. The interfaith meeting was…

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    Spain’s recession hits remittances from immigrants

    According to preliminary studies released by the Spanish central bank, immigrants sent 148 million Euros less to their home countries, than during the same period in 2007; figures dropped 7% between 2007 and 2008. Industries that have attracted immigrants, such as construction, agriculture, and real estate industries have been hammered by decline in economic activity…

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      Global financial crisis broadens appeal of Islamic finance in France

      French Finance Minister Christine Lagarde has promised to make adjustments to the regulatory and legal rules to allow Paris to become a major marketplace in Islamic finance. Lagarde added that Western financiers could learn from Islamic banks and its “new principles for the international financial system, based on transparency, responsibility and…moderation.” London has attracted the…

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      Credit Crunch ‘Will Help Islamic Banking’

      The religion-based system’s attitude to risk stands it in good stead compared to Western banks. Islamic finance is set to be a big winner in the current financial crisis, BDO Stoy Hayward said today. The financial advisor claimed that the religion-based system retains large amounts of money available to borrowers. This is in contrast to…

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