Ahead of the next Greek election, it seems pretty clear that 'core' Europe has one message for Greece.
China can now bypass Wall Street when buying US government debt and go straight to the US Treasury, in what is the Treasury's first-ever direct relationship with a foreign government, according to documents viewed by Reuters.
Americans were defrauded of millions and until now many believed it was simply the impact of war and circumstance. Not true. Find out the real story - and how many Americans could now reclaim hundreds of millions in stolen investments.
In Athens, the homeless are on the streets in growing numbers, soup kitchens feed twice as many people as a year ago, and the poor are diving into garbage bins in search of scrap they can sell.
The United States imposed punitive tariffs on solar panel imports from China, the latest in a series of trade disputes between the world's two biggest economies and sparking accusations by Beijing of protectionism. New tariffs over 30%
Frankfurt police have detained 400 anti-capitalist protesters ahead of a key conference on monetary policy scheduled for the weekend.
Bonds of Spanish banks fell after Moody’s Investors Service downgraded 16 of the nation’s lenders and said it may cut seven of them again because of the state of the economy and the government’s deteriorating credit.
The euro hit a four-month low against the dollar and 3-1/2 month trough versus the yen on Friday as concerns about a chaotic Greek exit from the euro zone and instability in the Spanish banking system fuelled demand for safer currencies.
Raging class war
The British government is making urgent preparations to cope with the fallout of a possible Greek exit from the single currency, after the governor of the Bank of England, Sir Mervyn King, warned that Europe was "tearing itself apart".
More and more analysts are beginning to predict that Greece will leave the eurozone, as EU leaders continue to demand more austerity and support for anti-bailout parties mounts.
GENERATION NEXT - Victoria Grant of Canada slammed her country's banking system during a lecture at the Public Banking in America Conference in Philadelphia last month. 'The banks and the government have "financially enslaved" the people
One of the effects of a Grexit: A major whooshing sound, as cash rushes out of Spanish and Italian banks, as nervous nationals fear a return to pre-euro currencies in their countries.
Former ECB member Lorenzo Bini Smaghi has a sharply worded op-ed in the FT that basically says: Greece's demand to renegotiate its bailout while staying in the Eurozone is ridiculous, but that if Greece is forced out, the devastation will be bigger t
Inquiring minds are reading an excellent report China Real Estate Unravels by Patrick Chovanec, a professor at Tsinghua University's School of Economics and Management in Beijing, China.
The equity value of European banks continues to evaporate into thin air.
Money is being pulled out of Greek banks at an alarming rate, and if something dramatic is not done quickly Greek banks are going to start dropping like flies.
Shares in Bankia, the Spanish bank that was part-nationalised last week, plunged by more than a quarter on Thursday morning, after a report that customers had withdrawn €1bn from the bank over the past week.
Stocks faded in the final hour of trading Tuesday to finish lower following news that Greek depositors withdrew 700 million euros from the nation’s banking system and after Greece’s leaders failed to agree on a coalition government.
Without a government for the last eleven days, and amid mainstream discussion of a Euro Zone exit, the Greek people are realizing that the economic and political system as they know it is rapidly descending into chaos.
Europe’s financial crisis lurched into a perilous new phase as dire predictions emerged of a collapse in Greece’s economy, with a run on its banks bringing an inevitable end to its membership of the euro.
As Greece erupts, Italy is moving into the eye of the storm. Its economy is contracting at speeds not seen since the depths of the slump in 2009 as draconian austerity bites, greatly increasing the risk of social revolt and a banking crisis.
The crisis is not relinquishing its grip on Europe. From autumn 2008 to early 2009 the world market experienced the deepest slump in economic output since the Second World War.
Hugo Chávez's rejection of the neoliberal policies dragging Europe down sets a hopeful example to Greece and beyond
Southeast Asian nations are swallowing an outflow of money from India, as foreign investors lose patience with its policy paralysis and slowing growth and aim instead for more promising emerging markets such as Indonesia. Corruption scandals and h
With an exit looking possible, policymakers and investors are shifting focus to the consequences
“We’re really getting to a denouement,” the head of portfolio strategy at Credit Suisse Private Banking, said. “We’re getting to the part where a decision has to be made” on whether Greece leaves the 17-nation currency union, he said.
Spain is expected to present new reforms to complete the clean-up of its banks after difficult last-minute talks between the government and lenders. The government will approve a plan to force banks to park their toxic real estate assets in holding c
multibillion dollar offer by Mexico's Carlos Slim to raise his stake in a Dutch telecoms firm may mark the start of a push to expand his reach into Europe, where a debt crisis is opening up opportunities for the world's richest man.
Go away, American millionaires.