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Tuesday, December 29, 2009

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The international High Representative, Valentin Inzko, says the Bosnian Serb republic, Republika Srpska (RS), has violated the 1995 Dayton peace accords.
His statement came after RS rejected his extension of the judges' and prosecutors' mandate until 2013.
They work on Bosnian war crimes cases, in line with the Dayton peace accords.
The Bosnian Serb prime minister, Milorad Dodik, has rejected Mr Inzko's comments, and accused his office of undermining the peace deal.
Under the Dayton agreement, which ended the 1992-1995 war, Bosnia was divided into Bosniak (Bosnian Muslim)-Croat and Bosnian Serb entities, with a federal presidency. Plea to respect Dayton
The High Representative has the power to impose laws and dismiss elected officials.

A statement from Mr Inzko's office says Republika Srpska's government and parliament "are in violation of the Dayton Peace Agreement" because they rejected his extension of the foreign judges' and prosecutors' mandate.
"The Republika Srpska must respect the Dayton Peace Agreement in its entirety and must not challenge actions undertaken on the basis of Dayton," the statement said.
Mr Dodik, quoted by the Belgrade-based Radio B92 website, countered that Mr Inzko's team "are the ones committing crimes and violating Dayton, not us".
Mr Inzko, an Austrian diplomat, is taking the matter to the UN Security Council and to the governments monitoring implementation of Dayton.
Meanwhile, the Bosnian Serbs plan to hold a referendum on the issue.
The leaders of Bosnia's divided communities have stalled over reform of the Bosnian constitution - seen as a vital step towards eventual EU and Nato membership. These sites allow you to store, tag and share links across the internet. You can share these links both with friends and people with similar interests. You can also access your links from any computer you happen to be using.
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You can find out more about social bookmarking on WikipediaThis additional money will give the company the "capital buffer" it needs "to meet the worse-than-expected economic scenario," GMAC said in a statement Wednesday.
The Treasury's stake in GMAC will increase from 35% to 56%, and the government will have the right to appoint two additional directors to the company's Board of Directors.
Last month, GMAC brought in former Citigroup executive
Michael Carpenter to replace CEO Al De Molina, who had led the company since April 2008.
Carpenter had been a member of the lender's board since May, when the Treasury made its second investment of
$7.5 billion on top of the $6 billion received in December 2008.
Earlier this year, the government told GMAC to raise additional capital from private investors by Nov. 9 as part of the spring's stress tests of the nation's largest banks.
The Treasury said it will inject $3.8 billion of new capital into GMAC rather than the previously announced $5.6 billion, because GMAC's needs are now less than originally expected, in part because the impact from the bankruptcies of General Motors (
GM, Fortune 500) and Chrysler were not as harsh as regulators predicted.
Still, GMAC, which provides financing for General Motors and Chrysler and their customers, lost $5.3 billion in the first nine months of 2009, as demand for cars remained tepid and previous loans continued to go sour.
This marks the first big injection to a single company in several months, as firms such as Bank of America (
BAC, Fortune 500), Citigroup (C, Fortune 500), Wells Fargo (WFC, Fortune 500) and GM have announced plans to repay their loans.

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