Get 40% Off
These stocks are up over 10% post earnings. Did you spot the buying opportunity? Our AI did.Read how

Head of U.N.'s refugee agency to step down this year

Published 09/04/2015, 06:51 AM
Updated 09/04/2015, 06:57 AM
© Reuters. United Nations High Commissioner for Refugees Guterres speaks during a news conference on the subject of the refugee crisis in Europe, at the UN European headquarters in Geneva

GENEVA (Reuters) - The head of the U.N.'s refugee agency, Antonio Guterres, will step down at the end of this year and not seek a renewal of his mandate as the High Commissioner for Refugees, his spokeswoman said on Friday.

Guterres goes as Europe struggles with the biggest refugee crisis in the region since the Second World War with thousands of migrants seeking refuge from violence and hardship in the Middle East and Africa.

Before the announcement of his resignation on Friday, Guterres said that European Union states must make "fundamental changes" in policy to take in more refugees.

The EU's response to the refugee crisis would be a "defining moment" for the bloc, he said, warning that a divided EU would benefit only smugglers and traffickers.

"This is a defining moment for the European Union, and it now has no other choice but to mobilize full force around this crisis. The only way to solve this problem is for the Union and all member states to implement a common strategy, based on responsibility, solidarity and trust," Guterres said.

Denmark, whose rules on accepting refugees are seen as stricter than in other European countries, has nominated former Prime Minister Helle Thorning-Schmidt to replace him.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.