Brussels would present any improvements in Portugal as a big political success, but in fact their reforms have destroyed the country, and the only help that came so far was from Frankfurt, Portugese MEP Rui Tavares told RT.
The economy of Crimea could expand by 6-7 percent annually through 2017, says Russia’s business advocate Boris Titov. Most of the growth is expected to come from tourism, agriculture and manufacturing.
With $1.7 quadrillion debt and the present bailout policy that will inflate prices, we’ll see the West collapsing while China and Russia will not be responsible for it or able to help, Lawrence Freeman from Executive Intelligence Review Magazine told RT.
The UK Chancellor George Osborne is tightening the screws on the tax dodging UK super-rich, as he’s proposing to increase fines for those who hide their money in offshore tax havens and send them to jail even if they didn’t intend to evade tax.
Huge debt and unemployment in Greece are the result of the extreme neo-liberal policies pursued by the Troika that are just aimed at saving the banks but not the people, Kostas Isyhos, a member of the political secretariat of Syriza party, told RT.
While the Royal Navy is feverishly trying to raise money for the proposed 100-billion-pound modernization of vintage US-made seaborne Trident missiles, a recent survey suggests young Britons do not regard nuclear combat readiness as a priority for the UK.
As supervisory bodies are tightening the screws on the financial institutions across the world seeking to punish those involved in the 2007 financial crisis, the Financial Times has calculated the banks have already paid a total of $100 billion in fines.
Capital outflow from Russia in the first three months of 2014 may reach $70 billion, more than all of 2013, as souring relations with the West is weighing on the economy, said Deputy Economic Development Minister Andrey Klepach.
Most of the protesters in Spain are peaceful, but there is an increase in radicalization, especially among young people, which is understandable due to the high level of youth unemployment, trader and portfolio manager Felix Moreno told RT.