In our time, three phenomena tend to come to mind when considering Europe’s contemporary problems. One is the economic difficulties troubling not only small European nations, such as Greece and […]
By Zen Gardner The events of late only tell one tale. The US is finished. Its impending implosion couldn’t be more obvious. If nothing else happens with their many other carefully […]
The plan to sell Italy’s treasures is aimed at keeping the country’s budget deficit below 3.0 percent of gross domestic product (GPD) in 2013.
By Barry Grey The bankruptcy of Detroit, the former auto capital of the world, is a milestone in the historical decay of American capitalism. It is as well a new point […]
By Elisa Martinuzzi & Vernon Silver Deutsche Bank has ranked among the top three underwriters of international bonds, excluding self-led deals, since at least 2002 and is first this year. Deals totaling 2.5 […]
Since the beginning of the deep economic crisis which hit Greece over three years ago, at least 100,000 minors across the country have ended up taking on under-the-table jobs to […]
European Central Bank head Mario Draghi has again defended the ECB’s bond-buying program, saying the crisis backstop was more important now following recent market turbulence sparked by other central banks […]
By: Michel Chossudovsky Millions of people across Brazil have joined one of the largest protest movements in the country’s history. Ironically, the social uprising is directed against the economic policies of […]
By Richard Fitzpatrick Healthcare cuts and unemployment cause a host of societal ills, yet Europe refuses to save its citizens, says Richard Fitzpatrick, Brian McArdle worked as a security guard […]
By Michael Birnbaum and Howard Schneider BERLIN — Fears of renewed economic crisis in Europe flared Monday as officials took the unprecedented step of targeting bank deposits in Cyprus to help rescue the country’s ailing […]
Cyprus’ eurozone partners and the IMF agreed early Saturday to bail out Cyprus to the tune of 10billion euro ($13billion) – largely to prop up its flailing banking industry. But […]
By Michael B. The economic implosion of Europe is accelerating. Even while the mainstream media continues to proclaim that the financial crisis in Europe has been “averted”, the economic statistics […]
By: A. Thomson & I. Billington LONDON—The U.K. labor market continued to display a puzzling resilience with the total number of unemployed people falling by the largest amount in more than […]
By Jim Brunsden European leaders proposed an industry-financed fund to cover costs of winding down failing euro-area banks, seeking to deepen the bloc’s integration and limit fallout from future financial crises.