‘The threat is not only the one we faced in Paris, but also spreading in many parts of the world, starting in Muslim countries. We need to share information more. We need to cooperate more. We are determined to do what is necessary to keep Europe safe from the terrorist threat,’ said British Foreign Secretary Philip Hammond on Monday (January 19). He was among 28 EU foreign ministers attending a meeting in Brussels. There, delegates pledged to adopt better strategies at home and abroad in an effort to counter radicalised Muslims returning from Syria and Iraq. EU Foreign Policy Chief Federica Mogherini called for better collaboration between EU member states, but also with Muslim countries. ‘We took a decision with the Foreign Affairs Council to coordinate in a much more active way than has been the case so far.’

The pressure is building on Vladimir Putin: Russia will be hit by a wave of bankruptcies unless it cuts interest rates very soon, a top financial official warned Monday.  Anatoly Aksakov, president of Russia's regional banking association and deputy chairman of parliament's financial markets committee, said firms were running out of cash. Bankers believe that keeping the situation as it stands will cause a wave of bankruptcies, not only credit institutions but also a number of businesses and companies," Aksakov wrote in a letter to the central bank, according to Russian state media. Aksakov said the central bank must cut rates this month to 15% from 17%, then gradually to 10.5%, the level they were at before the current financial crisis. A central bank rate of 17% meant some companies were having to pay as much as 30% to borrow. The impact of Western sanctions imposed over Russia's actions in Ukraine has sparked a cash crunch by shutting many companies out of international funding markets.

German Chancellor Angela Merkel and President Joachim Gauck have attended a Berlin vigil organised by Muslim groups to promote tolerance and religious freedom in the country. Organisers say the event aimed to condemn the Paris attacks and show solidarity with the victims. They are also responding to the recent ‘anti-Islamisation’ rallies staged by the Pegida organisation across Germany. The group's latest rally in Dresden drew a record crowd of 25,000. Large anti-Pegida demonstrations took place in other German cities on Monday. President Gauck addressed the vigil at the Brandenburg Gate, saying: ‘We are all Germany.’ He added: ‘Germany has become more diverse through immigration - religiously, culturally and mentally. This diversity has made our country successful, interesting and likeable.’ Aiman Mazyek, head of the German Council of Muslims, told the crowd: ‘We stand together for a Germany that is open to the world, with a big heart, which honours freedom of opinion, of the press and of religion.’ (See also last week’s Prayer Alert.)

Thousands of Germans demonstrated in four cities on Monday in opposition to the weekly rallies in Dresden against the perceived ‘Islamisation’ of Europe that have attracted growing numbers of supporters. Organizers of the demonstrations in Berlin, Stuttgart, Cologne and Dresden said they were rallying against racism and xenophobia to promote a message of tolerance instead. Businesses, churches, Cologne’s power company and others kept their buildings and other facilities dark in solidarity with the demonstrations against the ongoing protests by the group calling itself Patriotic Europeans against the Islamisation of the West, or Pegida. The square around the Cologne Cathedral was plunged into darkness as thousands joined the demonstration. Cologne Cathedral provost Norbert Feldhoff told n-tv that shutting down the lights was an attempt to make the Pegida demonstrators think twice about their protest.