The EU economy wasn’t doing well but sanctions against Russia have worsened it even more, with Germany seeing a decrease in industrial output and exports by 5 percent, which is not a simple downturn but a collapse, economic analyst Michael Mross told RT.
Charities must record when their employees use social media to campaign or comment on political issues, the Electoral Commission has said, adding that it would monitor social media activity to confirm posts comply with lobbying laws.
As the government of Prime Minister David Cameron looks to increase foreign aid spending, backbench Tory rebels say they will respond by demanding an increase in defense spending to two percent of national GDP.
The US and UK will stage a comprehensive simulation next week check whether the countries’ financial and banking sectors are still vulnerable to the problem of the ‘too big to fail’ institutions and coordinate their actions in case of such collapse.
A saltwater fish farm some 600 km from the sea, renovated thermal baths in the red and seven bridges over a 1.5 km long river – these are just some of the controversial German local government projects, costing millions to the taxpayers.
With current forecasts Germany can’t keep up the rates of economic bailout and credit support that it has previously given to South European countries, the director of the Freedom Association in the UK Rory Broomfield told RT.
Economists and debt watchers are worried that the burden of $1.2 trillion in student loan debt will stifle the broader economy while keeping the younger generation from buying homes and getting married.
Never mind a kingdom for a horse – a homeowner in bankrupt Detroit is willing to trade his house in for the latest iPhone. At less than $1,000, that would mean taking a massive hit, as the beat-up property was bought for $41,000 in 2010.