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Greece, Athens: A protesting firefighter holds a red flare in central Athens on March 23, 2010, duruing their protest march against government's austerity measures. (AFP Photo / Louisa Gouliamaki) 26.03.2010, 01:51 3 comments

“Greece has to be bankrupt” - investment advisor

Diplomats at an EU summit in Brussels say Germany has backed away from its strong opposition towards bailing out Greece, which had sent the common currency to a ten month low against the dollar.

27.01.2009, 15:21

Davos 2009: with global crisis in mind

Some 2,500 guests from 96 countries are gathering at the World Economic Forum in Davos. It has already been called one of the most significant Davos forums in the event's 40 year history.

29.10.2010, 09:50 3 comments

EU leaders back tougher rules to avoid future debt crises and threats to euro

At a Brussels summit, EU leaders have agreed to prepare changes to the organization's fundamental Lisbon Treaty, involving tougher financial discipline and punishment for overspenders.

01.07.2010, 03:22 9 comments

US Dollar unreliable global reserve currency – UN

The United Nations Department of Economic and Social Affairs slammed the US dollar in a new report, saying it is an unreliable international currency and should be replaced.

28.10.2010, 16:54

Improving economic governance in EU inevitable – MEP

Adopting changes to the Lisbon Treaty, which would impose new deficit and debt rules on EU member states is an inevitable step to “increasing economic and political union,” said British MEP, Gerard Batten.

05.03.2010, 06:41 3 comments

Hedge funds deliberately undermining Euro

Authorities on both sides of the Atlantic are looking closely at euro trades, following reports that leading US hedge funds have been in collusion to undermine the European currency through the crisis in Greece.

Demonstrators march in central Athens on May 4, 2010 (AFP Photo / Aris Messinis) 06.05.2010, 20:30 7 comments

Greece paralyzed by protests, passes austerity bill

On Thursday afternoon the Greek parliament passed a package of strong anti-crisis measures in exchange for vast financial aid from EU countries.

Image from runtogold.com 26.09.2010, 01:00 5 comments

“16 countries sharing one currency is nonsense”

A currency expert protesting against Greece’s bailout says the bailout mechanism violates the provisions of the Treaty on European Union, and it may be a better option to stop the euro experiment instead.

Dimitry Medvedev (L) and Nguyen Minh Triet (AFP Photo / Pool / Hoang Dinh Nam) 31.10.2010, 08:21 6 comments

Russia signs deal to build Vietnam’s first nuclear power plant

Russia and Vietnam have cemented their relations by signing a deal to construct Vietnam’s first ever nuclear power station.

AFP Photo / Pool /Gonzalo Fuentes 02.03.2010, 11:49 1 comment

Nikolas Sarkozy and Dmitry Medvedev find lots of reason to smile in Paris

France remains a priority partner for Russia, and cooperation between the two is impossible without strong economic ties, Medvedev told French business leaders in Paris.

Bankers bonus culture facing global pressure

Published: 03 September, 2009, 21:11


Banker's bonuses are set to face unprecedented attention this weekend at the G20 summit in London. EU leaders are calling for restraint – but not everyone agrees.

 
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