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Unemployed Europeans, trying to get a visa from Latin America and Africa countries which they were portraying once upon a time.

Unemployed members of the European Union countries now forming the long application lines in front of the Latin America and Africa country's embassies to get a work visa. Struggling with the economic crisis and job opportunities goes from bad to worse with each passing day, has put the European Union countries into a tragic situation. Spreading news and images from EU countries, the unemployment rate has achieved a new record. The European Union countries under a heavy debt burden, the young population is facing unemployment.

In Portugal's capital Lisbon, long lines of visa application forming to get a visa from the countries which, once upon a time, were the colonies of the Portuguese. The Portuguese-educated young people who think that their country is no longer capable of delivering a better future for themselves apply for a visa to the countries known as third-world country like Angola.

French President Nicolas Sarkozy, said that if the international rating agencies reduce the ''AAA" rating of France, it would be a little more work for them but he also said that they are strong enough to overcome.

Sarkozy, answered questions from the newspaper Le Monde regarding the possibility of  France's rating. ''This is an additional problem, however, not a situation that we can't overcome" he said.

Sarkozy, added that they would welcome it with great tranquility and it might be an additional problem, but not an insurmountable situation. "The important thing is our ​​economic strategy, reputation of our economic policy and our commitment to reduce the expanses. Lowering the credit rating of France is not only our problem. This is a problem with a risk of spreading all over Europe. We are already trying to control the status of all of us." 'he said.

President of France, Sarkozy added that his country's policy on the reduction of budget deficits continued with determination.

British Prime Minister David Cameron trying to alleviate the political damage caused by the veto decision separating his country from other European Union countries. Cameron, "England is a full member of the EU and the situations does not change that. "EU membership is vital to our national interests" he said.

England vetoed the decision of providing tighter integration of financial reforms among the countries of the Euro Zone at the EU summit last Friday. Cameron, "We are a country engaged in commerce. For trading, investment and employment, we need a single market." he said. Prime Minister stated that it is possible being an influential member of the EU, but also being against regulations that are conflicting with the interests of his country. Liberal Democrat leader Nick Clegg said: "Being the only country which does not support a tighter integration of financial reforms among the Euro Zone countries against 26 other European countries is a bad thing in terms of the future employment, growth and livelihoods of millions of people in this country".

The prime minister of Italy, Monti, announced that he is going to sacrifice his salary. Prime Minister and Economy Minister, Mario Monti, is not going to accept his salary until the economy gets back on track.

The harsh and austerity measures to achieve budgetary balance was announced yesterday. Monti answered all the questions and mentioned about emergency measures needs to be taken. "One single debt risk and failure would jeopardize 60 years of effort" he said. "The sacrifices we want will get Italy up again and recover from a serious economical crises. We will overcome this problem all together." he added. 

Monti stressed that savings package arrangements carefully prepared to be fair and equitable.

Italian Prime Minister Mario Montito announce a new package of economic measures in the parliament tomorrow.

Monti and its government, who are fighting of a heavy debt crisis in Italy, aims to save approximately 20-25 billion eurosby the new austerity package until 2013.

The new package of economic measures targets to reduce the budget deficit 10-12 billion euros. Luxury car, yacht and private plane owners will have to pay additional "luxury tax" with this new plan.

The two announced Euro-saving packages in recent months in Italy, which is third-largest economy in EuroZone, are not considered enough to catch the stated goal of budget balance by 2013 because of public debt to gross domestic product (GDP) ratio reached 120 percent and the country is in danger of entering a recession.

Organization for Economic Cooperation and Development (OECD) forecasts Italy's economy to contract by 0.5 percent next year.

Iran's Foreign Ministry spokesman Ramin Mehmanparast warned that, if the Western countries to take sanctions on Iran's oil exports, oil prices could pass $ 250 per barrel. Mehmanparast, gave a speech to Sharq newspaper and he said that "if Western countries take sanctions actions against Iran because of Iran's nuclear program, London Brent type crude oil prices can go up to more than double." he noted. Despite Iran insists its nuclear program is peaceful, Western countries rearrange their agenda after the International Atomic Energy Agency report that "Iran is experimenting to make nuclear weapons."

London Brent type crude oil price closed at 109.94 dollars per barrel on Friday.

In response Deputy Prime Minister Ali Babacan's speech praising the Turkish economy and criticizing European governments in crisis at the Global Entrepreneurship Summit in Istanbul, U.S. Vice President Joe Biden added a special addition to the text of his speech. Mark Lander, from New York Times (NYT), reported in his report that Biden refused to ignore Turkey to praise on their economy.

Babacan, drew attention to 7.5 percent grow that will take place this year in Turkey in his speech. He declared that the winner will not be U.S or European governments but Turkey. Babacan said "Little fish will be not eaten by big fish but fast fish". He also called out to European countries in crisis. "They would probably solve their economical problems if they had such powerful government in Turkey" he said.

According to NYT's report, Biden said "All countries are together in this business. Our economy is 3.5 times bigger than the next coming economy and greater than the sum of the 4 following economy after that."

NYT comments on Biden's speech that "United States is still a big whale in the sea of young sharks." "He added these words after hearing Babacan's confident speech." Biden's advisors said.