Cyprus Government Workers Stage Work Stoppage In Protest Of Pay Freeze
Government Workers Stage Work Stoppage NICOSIA, Cyprus — Thousands of Cyprus government workers held a three-hour strike Tuesday to protest a proposed two-year salary freeze they regard is unfair. Even limited strikes are rare in the eurozone member of 800,000 people with a bloated public sector that takes up around a third of all government More...
No One Telling Who Took $586B in Fed Swaps
No One Telling Who Took $586B in Fed Swaps For all the transparency forced on the Federal Reserve by Congress and the courts, one of the central bank’s emergency-lending programs remains so secretive that More...
Tens Of Millions Of American Families Are Living On The Edge Of Desperation
Tens Of Millions Of American Families Are Living On The Edge Of Desperation – And The Economy Is About To Get A Whole Lot Worse The Economic Collapse Have you ever been so poor that you had to live in your More...
An Economy Destroyed: The Enemy Is Washington
An Economy Destroyed: The Enemy Is Washington Recently, the bond rating agencies that gave junk derivatives triple-A ratings threatened to downgrade US Treasury bonds if the White House and Congress did not reach More...
World stocks hit a three-week low on Italy, Eurozone break-up fears
LONDON: World stocks hit a three-week low and the euro tumbled across the board while top-rated government bonds rallied on Thursday as fears of a break-up of the euro zone gathered pace ahead of a key debt sale More...
In Spain, Low Wages Become Increasingly Common
Spain, Low Wages People line up outside an unemployment office in Madrid in February. The country has the eurozone’s highest unemployment rate at more than 21 percent. David Horcajada fishes a beer can More...
Crisis in Italy Deepens, as Bond Yields Hit Record Highs
Crisis in Italy Deepens Home Secretary Roberto Maroni, left, Prime Minister Silvio Berlusconi, center, and Minister of Federal Reforms Umberto Bossi during a vote on Tuesday. ROME — Italy’s financial crisis More...
Ryanair profits from higher revenues
Ryanair profits Ryanair has reported a 23% rise in second quarter profits, and said its full-year results will be better than previously expected. The budget airline made a pre-tax profit of 463m euros ($637m; More...
Berlusconi burlesque | Italy
Italy under IMF supervision Berlusconi burlesque FIRST Greece. Next Italy? Troubled euro-zone countries get bail-out money with conditions and strict monitoring by the International Monetary Fund (IMF). But at More...
Japan’s nuclear conundrum
Japan’s nuclear conundrum The $64 billion question Once the Fukushima nuclear plant is stable, the government should temporarily nationalise its operator “THIS is a war between humans and technology. While More...
