Bail out News

Nicosia - Depositors with more than 100,000 euros in their Bank of Cyprus accounts could now possibly lose up to 60% of their savings.

Iceland's Foreign Minister, Ossur Skarphedinsson, explains how his country managed to pull itself away from the financial abyss in 2008, without forcing the people to bail out the banks or imposing austerity measures.

The culmination of a plot in this long running soap has implications far beyond a mythical Mancunian town, but will the Greeks or anyone else take the hint?

London - On Good Friday, your intrepid correspondent appeared on Iranian television with another political analyst to comment on the Euro crisis with especial reference to Greece. A lively debate ensued.

The Greek economy has been struggling in recent times and tonight it made a call for a bail out. It has turned to the European Union and the IMF for emergency loans to rescue the country from its financial crisis.

Wall Street seems to be getting back on its feet. Banks are giving back bailout money. Yet Main Street is still hurting.

The Congressional Oversight Panel announced Friday that George Bush's administration overpaid tens of billions of dollars bailing out Wall Street banks last year. That overpayment that came from taxpayers stands at $78 billion.

The bailed out banks are now trying to get droves of foreign workers into the U.S. for high-paying jobs. That's the word from the Associated Press' review of visa applications.

One thing is for sure, there seems to be more ups and downs in the porn industry during hard economic times than for someone staying in a cheap hotel room that’s next to the elevator.

Labor was asked to make concessions in order for Republicans to pass the auto bail out bill. In the meantime General Motors captains had already taken enough loot off the ship that when it sinks they’ll have enough lifeboats to be safe