NAVY WILL FIRE IF WEALTH IS STOLEN: DUTERTE
Manila, Feb. 10: The Philippine president says he has no intention of going into war over territorial feuds, but will order the navy to fire if other countries extract resources from waters within his country’s exclusive economic zone.
President Rodrigo Duterte told a news conference on Saturday that the Philippines could not fight more powerful nations like the United States and China but warned that “if you get something there from the economic zone, I will order the navy to fire.”
Mr Duterte was referring to the country’s 200nautical mile exclusive economic zone, a stretch of sea where coastal states have been granted exclusive rights to exploit natural resources under a 1982 UN treaty.
Mr Duterte recently stopped all foreign scientific research missions in Benham Rise to stress Philippine sovereign rights over the off- shore region. Berlin, Feb. 10: Germany will no longer lecture other European countries over their economies, the next finance minister of the eurozone’s richest nation said on Saturday.
Olaf Scholz, of the Social Democratic Party ( SPD) that this week struck a deal to reform Germany’s so- called grand coalition government with Chancellor Angela Merkel, said Germany “doesn’t need to dictate to other European states how they run themselves”.
“Mistakes have certainly been made in the past,” Scholz told Der Spiegel magazine, an apparent reference
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Olaf Scholz, next finance minister of eurozone’s richest country, said that Germany doesn’t need to dictate to other European states how they run themselves
to the policy of his predecessor Wolfgang Schaeuble, who oversaw Germany’s oft- criticised massive trade surplus.
Germany’s trading partners and international institutions like the International Monetary Fund regularly urge