Hiển thị các bài đăng có nhãn early. Hiển thị tất cả bài đăng
Hiển thị các bài đăng có nhãn early. Hiển thị tất cả bài đăng

Thứ Hai, 6 tháng 5, 2013

No early warning for U.S. on Israeli strikes in Syria

By Tabassum Zakaria and Deborah Charles

WASHINGTON (Reuters) - The United States was not given any warning before air strikes in Syria against what Western and Israeli officials say were weapons headed for Hezbollah militants, a U.S. intelligence official said on Sunday.

Without confirming that Israel was behind the attacks, the intelligence official said that the United States was essentially told of the air raids "after the fact" and was notified as the bombs went off.

Israeli jets bombed Syria on Sunday for the second time in 48 hours. Israel does not confirm such missions explicitly - a policy it says is intended to avoid provoking reprisals. But an Israeli official acknowledged that the strikes were carried out by its forces.

"It would not be unusual for them to take aggressive steps when there was some chance that some sophisticated weapons system would fall into the hands of people like Hezbollah," the U.S. intelligence official told Reuters, speaking on condition of anonymity.

While the air raids raised fears that America's main ally in the Middle East could be sucked into the Syrian conflict, Israel typically does not feel it has to ask for a green light from Washington for such attacks.

Officials have indicated in the past that Israel sees a need only to inform the United States once such a mission is under way.

U.S. President Barack Obama said on Saturday that Israel has the right to guard against the transfer of advanced weapons to Hezbollah, an ally of both Syria and Iran.

Rather than an attempt to tip the scales against Syrian President Bashar al-Assad, Israel's action is seen more as part of its own conflict with Iran, which it fears is sending missiles to Hezbollah in Lebanon through Syria. Those missiles might hit Tel Aviv if Israel makes good on threats to attack Tehran's nuclear program.

Another Western intelligence source told Reuters the latest attack, like the previous one, was directed against stores of Fateh-110 missiles in transit from Iran to Hezbollah.

People were woken in the Syrian capital by explosions that shook the ground like an earthquake and sent pillars of flames high into the night sky. Syrian state television said bombing at a military research facility at Jamraya and two other sites caused "many civilian casualties and widespread damage," but it gave no details. The Jamraya compound was also a target for Israel on January 30.

The U.S. intelligence official said additional strikes in the future could not be ruled out.

"Any sophisticated weaponry that finds its way there (Syria)that looks to be destined to fall in the hands of bad actors, I think there is a likelihood that those could be targets as well," the second official said.

ADDED PRESSURE

Obama has repeatedly shied away from deep U.S. involvement in the Syrian conflict, which erupted in 2011 and has killed an estimated 70,000 people and created more than 1.2 million refugees.

Hours after the Israeli attacks, several U.S. lawmakers voiced concern over the mounting uncertainty in the Middle East.

Influential Republican lawmaker John McCain said Israel's air strikes on Syria could add pressure on the Obama administration to intervene, but the U.S. government faces tough questions on how it can help without adding to the conflict.

"We need to have a game-changing action, and that is no American boots on the ground, establish a safe zone and to protect it and to supply weapons to the right people in Syria who are fighting, obviously, for the things we believe," McCain said on "Fox News Sunday."

"Every day that goes by, Hezbollah increases their influence and the radical jihadists flow into Syria and the situation becomes more and more tenuous," he said.

U.S. Defense Secretary Chuck Hagel said last week that Washington was rethinking its opposition to arming the Syrian rebels. He cautioned that giving weapons to the forces fighting Assad was only one option, which carried the risk of arms finding their way into the hands of anti-American extremists among the insurgents.

The United States has said it has "varying degrees of confidence" that chemical weapons have been used in Syria on a limited scale, but is seeking more evidence to determine who used them, how they were used and when.

(Additional reporting by Caren Bohan, Roberta Rampton and Eric Beech; Editing by Alistair Bell and David Brunnstrom)


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Thứ Sáu, 3 tháng 5, 2013

FCA steps in early over interest-only mortgage time-bomb

By Huw Jones

LONDON (Reuters) - The Financial Conduct Authority (FCA) has asked mortgage lenders to check if customers can pay back the loans, stepping in early to head off possible defaults in a sector the government sees as key to reviving growth.

The FCA said the capital on 2.6 million interest-only home loans will be due for repayment over the next 30 years, with 10 percent of those having no strategy for paying back the money.

Nearly half of the loans, which only pay off the interest on the loan and not the capital, face a shortfall averaging 71,850 pounds, with customers "over-optimistic" about their ability to pay, the watchdog said.

The FCA was launched last month with a specific remit to protect consumers and end a history of mis-selling financial products, including endowment mortgages and pensions, stretching back two decades or more.

The FCA aims to head off problems earlier, rather than waiting for problems to gather critical mass before intervening, as regulators did in the past.

The sluggish economy's squeeze on household income is already prompting some borrowers to switch to an interest-only mortgage because of the lower monthly payments.

Interest-only mortgages allow home buyers to only repay the interest each month, has been sparked by a crackdown on affordability checks, due to come into force next year.

"By acting now we are aiming to nip this problem in the bud," FCA chief executive Martin Wheatley said in a statement.

Britain's Council of Mortgage Lenders said its members will be stepping up contacts with borrowers of interest-only loans.

"Most people, even if they have not yet done so, have time to plan a satisfactory strategy for when their mortgages reaches maturity," CML director general Paul Smee said.

FCA officials said lenders will ask their customers if they could afford to switch to a standard home loan where monthly repayments include interest and capital.

The watchdog has been given new powers to ban products but for now is holding back on introducing mandatory rules.

Instead, it has set out guidance on how lenders should deal with interest-only mortgage customers who risk being unable to pay back the capital.

Wheatley has in the past described interest-only home loans as a "ticking time-bomb", but banks, who already face a compensation bill of over 12 billion pounds for mis-selling loan insurance, will be relieved by findings on interest-only loans.

Two studies commissioned by the FCA and released on Thursday do not point to a new mis-selling scandal brewing, and show there has been no surge in complaints, a classic indicator of a serious problem, the watchdog said.

Only 2.5 percent of customers with interest-only mortgages said they were not aware they needed a repayment plan and don't have one in place, the FCA studies showed.

Tighter rules on all home loans will be introduced in April 2014 by the FCA, such as closer scrutiny of a borrower's ability to repay the money.

Many banks no longer offer interest-only mortgages and those that still do have tightened their conditions.

(Reporting by Huw Jones; Editing by Louise Heavens)


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