By MALCOLM FOSTER Politics Jun. 09, 2013 – 06:34AM JST ( 7 ) French President Francois Hollande delivers a speech during his lecture in Tokyo, Saturday.AP Photo/Koji Sasahara TOKYO — French President Francois Hollande sought reassure Japanese business leaders Saturday… Read More ›
European sovereign debt crisis
Eurozone faces new challenge as Portugal blocks cuts
The eurozone crisis threatens to flare up again this week after Portugal’s constitutional court blocked the country’s planned austerity programme. Portugal’s Prime Minister Pedro Passos Coelho addresses the nation from his official residence at Sao Bento palace in Lisbon on… Read More ›
Frantic day ahead as EU tells Cyprus it can rethink controversial bailout terms as key vote postponed
Cyprus postpones crucial vote on controversial bank deposit levy as stocks plummet around the world John Hall, Charlotte McDonald-Gibson, Nathalie Savaricas Monday, 18 March 2013 German and European bank officials have said Cyprus can amend the terms of its €10… Read More ›
Asian markets fall amid fears over Cyprus bailout deal
Asian markets have dipped after Cyprus bailout plans triggered fears of an escalation of the eurozone debt crisis. The EU and IMF want all bank customers to pay a levy in return for a bailout worth 10bn euros ($13bn;… Read More ›
Greeks’ purchasing power halved
Thursday, 07 February 2013 The purchasing power of Greeks has been halved, shows the survey of the Hellenic Confederation of Professionals, Craftsmen & Merchants (GSEVEE). According to survey results, 8 out of 10 Greeks have limited their shopping to… Read More ›
Germans stop shipment of life-saving cancer drug to Greece as Euro crisis deepens
By Daily Mail Reporter PUBLISHED:08:24 EST, 3 November 2012| UPDATED:08:26 EST, 3 November 2012 Life-saver: Erbirux is given intravenously and has been proven to be effective on various types of cancer The spiralling decline of the Greek economy took… Read More ›
Switzerland arming in preparation for European meltdown?
Monday, 15 October 2012 The Swiss Army is preparing contingency plans for violent unrest across Europe. A nation mostly famous for its banks, watches and chocolate fears it may face a massive influx of European refugees in the near future…. Read More ›
Spain must leave the euro: ” Spain is damned if it leaves, but damned for eternity if it stays”
Mario Draghi’s promise to do “whatever it takes” to save the euro never did look like inducing any more than a temporary lull in the storm; still less did the German Constitutional Court’s thumbs up to the European bail-out fund… Read More ›
Engineering Evil 