Euro News
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As the various countries that make up the European Union struggle with austerity measures, British Prime Minister David Cameron says there is worse to come.
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The Hague -
The Netherlands has been drawn into the debt crisis in Europe as the government failed to agree on budget cuts, thus casting doubt on its support for the Euro zone.
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Nicolas Dupont-Aignan, a Gaulist candidate in the French presidential elections, says if elected, he wants France out of the EU bloc.
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Brussels -
The latest unemployment data for the Eurozone indicates that the rising trend in the jobless total continues apace. Further analysis of the data across European nations reveals some vast differences with the numbers out-of-work.
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Athens -
Greece has passed a package of austerity measures. The measures, as the violent protests have shown, were controversial with the Greek people but were demanded by the other EU member states and IMF.
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The value of the euro dropped against other currencies on Jan 5 with its lowest rate against the yen in eleven years and a big drop against the U.S. dollar.
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The lead story on BBC News this morning was the huge rise in young people taking out debt relief orders. There is a lesson here for nations.
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A currency swap program created back in 2008 -2009 by the US Federal Reserve Bank to bail out American banks has been converted to provide much needed funds to European banks.
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Kalamatas -
Digital Journal interviewed several Greek people in the Southern Peloponnese, to gauge reactions to the latest austerity budget.
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The euro is falling fast as European leaders desperately try to find a solution to their debt problems, causing a move to U.S. dollars.
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