News Headlines - 12 November 2012
▽Greece’s debt burden: How to end the agony | The Economist
The experience of dozens of debt-ridden countries in Latin America and Africa holds lessons that Greece’s rescuers ought to heed. For years, the IMF and rich-world governments tried to help them with short-term rescue loans. But the most indebted started to recover only when their debts, including those owed to official creditors, were slashed. In Europe, Poland also provides a precedent: its economy took off in the 1990s after it too was given a break by its creditors.
▽Japan nears fifth recession in 15 years - FT.com
The Japanese economy has shrunk at its fastest pace since the earthquake-hit first quarter of 2011, piling pressure on the government to try to avert recession.
▽Davie moves to restore trust in BBC - FT.com
The acting director-general of the BBC has moved swiftly to restore trust in the broadcaster’s crisis-hit news operation following the sudden departure of the director-general. Tim Davie sidelined Helen Boaden, the head of news, and Stephen Mitchell, her deputy, on his second day in the job, stressing the need to be crystal clear who was running the BBC’s news operation following a series of revelations linked to its Newsnight programme.
▽Former Falklands Island governor Sir Rex Hunt dies, aged 86 | guardian.co.uk
Governor was famed for dressing in full uniform and refusing to shake Argentinian general's hand after 1982 Falklands invasion
Hit-man Falcao could be the answer up front as Chelsea’s rivals edge ahead in the title race thanks to their prolific marksmen
