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eurozone crisis News

Op-Ed: The Eurozone is at risk unless Germany adjusts its policies

Usually when discussing the European crises it is common to hear blame laid upon Spain, Greece, Italy and other countries with large trade deficits and fiscal deficits. A great deal of blame, however, lies with a surprising culprit, Germany.
In the Media by Matthew Coughlan - 1 comment

Spanish bank bailout approved; cutbacks coming

Madrid - Spain’s economy may get a lot worse before it gets better if the five-year shrinkage of its four nationalized banks announced Wednesday is realized.
In the Media by Larry Clifton - 1 comment

Germany to check its gold reserves stored in United States

German government auditors have requested the Bundesbank, Germany’s equivalent of the Federal Reserve, to check up on Germany’s gold reserves much of which are in secure storage at banks abroad.
In the Media by Robert Myles - 4 comments

Spain likely to be forced into bailout amid surging violence

Madrid - Massive debt has Spain cornered, with no cash haven to retreat to as Germany and other euro nations demand stringent austerity measures in exchange for a sovereign bailout for the eurozone’s fourth biggest economy.
In the Media by Larry Clifton - 10 comments

Cyprus to apply for bailout

Nicosia - The Cypriot government has informed the eurozone countries that it is readying to seek financial assistance. This will make it the fifth eurozone country to do so.
In the Media by Paul Iddon - 4 comments

George Soros: Merkel is worsening Europe's financial crisis

Billionaire investor George Soros has said that Angela Merkel is worsening Europe's financial crisis by focusing on austerity instead of growth.
In the Media by Katerina Nikolas - 15 comments

Putin expresses worry over dollar's future at G20 summit

The Russian President has stated he is "heartened" by Europe's approach to the eurozone crisis. But he expressed very different contentions with regards to the destiny of the dollar.
In the Media by Paul Iddon

Op-Ed: Europe's ‘austerity’ backlash means trouble for the world

Sydney - France and Greece have shown clearly how the public reacts to “austerity”. The maniacal targeting of the poor and total disregard for public welfare in Greece has demolished the two main parties there. France has answered austerity with venom.
In the Media by Paul Wallis - 14 comments

France and UK both warned Moody's may soon cut its credit ratings

France has been warned its credit rating may be cut in the future, meaning borrowing costs may increase as a result. Austria and the UK have also been warned while Italy, Spain and Portugal's ratings have been lowered.
In the Media by Kev Hedges
 

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EU in Turmoil and not only in Financial One

"The two dominating trends among EU leaders are to cut losses of players in virtual economy at the expense of taxpayers...
Aug 8, 2012 by Ari Rusila
 

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