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Reuters / John Kolesidis 24.05.2012 20:00 53 comments

Crisis-led suicide epidemic: Greek mother & son jump to death

A 60-year-old Greek musician and his 91-year-old mother jumped to their deaths from their 5th floor apartment, driven to despair by financial woes. This double death is the latest in a rising epidemic of crisis-induced suicides in Greece.

Eurozone crisis
 
Disabled people demonstrate during "The Hardest Hit" march, as they protest against cutbacks to local services and government disability allowance spending cuts, London May 11, 2011 (Reuters/Olivia Harris) 16.05.2012 14:54 9 comments

Disadvantaged in UK to stay that way...as govt ignores them

Disabled people, women and ethnic minorities across the UK were all ignored when David Cameron's government decided where to cut costs, according to an official watchdog.

Greek political leaders (from L to R): Democratic Left party leader Fotis Kouvelis, Socialist PASOK party leader Evangelos Venizelos, Conservative New Democracy party leader Antonis Samaras, Greek President Karolos Papoulias, head of Greece's Left Coalition party Alexis Tsipras and leader of the Independent Greeks party Panos Kammenos meet at the presidential palace in Athens May 15, 2012 (Reuters/Aris Messinis/Pool) 15.05.2012 17:21 34 comments

Greece fails to form new government, going to elections

Talks between Greek parties aimed at forming a coalition government have failed. Party leaders will meet President Papoulias to decide on a caretaker Prime Minister and cabinet to govern until the new parliamentary elections.

 
Alexis Tsipras (AFP Photo / Louisa Gouliamaki) 14.05.2012 07:37 14 comments

‘With or without the euro, Greece will face devastation if polices don’t change’

As coalition government talks in Greece falter under disagreements over austerity and bailout terms, journalist Panagiotis Sotiris tells RT that the country is now actually choosing between austerity and democracy.

Eurozone crisis
Protesters hold up a banner which reads, "Regime of the 1%, Crisis for 99%", during a protest marking the one year anniversary of Spain's Indignados (Indignant) movement in Madrid's Puerta del Sol, May 12, 2012 (Reuters/Andrea Comas) 12.05.2012 23:50 14 comments

Mass anti-austerity protests sweep through Spain

At least 100,000 protesters angered by the country's grim economic prospects turned out for street demonstrations in 80 cities across Spain. This marked the one-year anniversary of a movement that inspired similar activist groups in other countries.

Eurozone crisis
 
A worker from the Athens central groceries market shouts slogans during a rally in front of the Bank of Greece in Athens (Reuters/Yorgos Karahalis) 12.05.2012 22:42 107 comments

‘Europe on the brink of revolution’

The chorus of anti-austerity voices grows louder in Greece as Athens scrambles to form a coalition government. While eurocrats prepare to give Greece the boot, political analyst Alessandro Politi told RT speculators are Europe’s real enemy.

Eurozone crisis
AFP Photo / Louisa Gouliamaki 12.05.2012 15:58 42 comments

Greece must ‘obey or get off euro train’ - EU

Top EU officials have decreed Greece should leave the eurozone if unable to stick to the austerity measures imposed by European creditors. The political crisis in Athens is making this scenario not altogether impossible.

Eurozone crisis
 
German Chancellor Angela Merkel (Reuters / Thomas Peter) 10.05.2012 15:11 18 comments

Merkel calls for austere Europe, rejects new debt

German Chancellor Angela Merkel left little ground to hope she would abandon or moderate the austerity program for Europe as she warned that growth on new loans would push the EU into deeper crisis.

Eurozone crisis
Demonstration organised by Unions against financial cuts in health and education on April 29, 2012 in Madrid (AFP Photo / Dominique Faget) 30.04.2012 07:40 9 comments

Spain rallies against healthcare and education cuts (PHOTOS)

Tens of thousands of Spaniards streamed into the streets nationwide Sunday to slam Madrid’s austerity program, which will take a $13 billion bite out of the country's education and healthcare budgets.

Eurozone crisis
 
Former Iceland's Prime Minister Geir Haarde (R) talks to his lawyer Andri Arnason attend trial in Reykjavik April 23, 2012 (Reuters/Ingolfur Juliusson) 23.04.2012 19:54

Fiat justitia: Icelandic ex-head hears verdict

The only politician to face trial because of the global financial crisis, the former Icelandic Prime Minister, will not go to jail.

Eurozone crisis
Antonio Manfredi, the director of the Casoria Contemporary Art Museum, and Italian artist Rosaria Matarese burn one of Matarese's creations in front of the museum, near Naples, Wednesday, April 18, 2012. 19.04.2012 23:16 5 comments

'This is Art War!' Italian museum burns paintings to protest austerity cuts (VIDEO, PHOTOS)

A second painting has been torched by an Italian museum director to highlight a critical lack of funds in these economically lean times. But while some fret over burning art, could the entire eurozone go up in smoke?

Eurozone crisis
 
he logo of the International Monetary Fund (IMF) at the organization's headquarters in Washington, DC (AFP Photo / Saul Loeb) 18.04.2012 19:19 2 comments

Russian growth: IMF knows better

The International Monetary Fund has raised its growth forecast for Russia based on higher oil prices. The figures are looking even better than the prospects portrayed by Russia's Economics Ministry.

Eurozone crisis
Antonio Manfredi, director of the Museum of Contemporary Art (CAM) stands next to a burned an artwork by French artist Severine Bourguignon during a protest at the CAM in Casoria on April 17, 2012. (AFP Photo / Roberta Basile) 18.04.2012 17:36 5 comments

­Burning issue: Italian museum torches art to protest cuts

The director of an Italian museum has burned a painting from its collection in protest at budget cuts that leave cultural institutions with insufficient support. He insists he’s ready to sacrifice three artworks a week until the measures are axed.

 
AFP Photo / Louisa Gouliamaki 16.04.2012 18:47 2 comments

Spain: A test of investor confidence

Spanish 10-year government bond yields pushed through 6 percent for the first time this year as concerns over the country’s finances rose.

Eurozone crisis
April 11, 2012. Russian Prime Minister Vladimir Putin addresses the Russian State Duma with the final report on the work of the current government. (RIA Novosti/Grigory Sysoev) 11.04.2012 17:06 7 comments

Putin pledges to improve investment climate

Prime Minister Vladimir Putin has pledged to mend the country's fragile investment climate and further encourage major global companies to cooperate with Russia, claiming it to be absolutely vital for the country's development.

 
U.S. President Obama meets with Brazil President Rousseff in the Oval Office of the White House in Washington (REUTERS/Kevin Lamarque) 11.04.2012 16:11 4 comments

Brazil's President: Put a collar on the dollar

Brazil has warned the monetary policies of developed countries are threatening the growth of emerging economies.

Illegal ciggies and spirits cost Britain more than 28 billions 09.04.2012 20:09 2 comments

Illegal ciggies and spirits cost Britain more than 28 billions

Black market cigarettes, fuel and booze cost Britain about £28.5 billion in lost tax between 2005 and 2010. That kind of money would be more than enough to fund a 1% cut in the basic rate of income tax, a report reveals.

 
The sign of football's world governing body FIFA is seen at the entrance of its headquarters in Zurich (AFP Photo / Fabrice Coffrini) 05.04.2012 16:53

FIFA to help 2018 World Cup organizers with $ 700mln

2018 World Cup hosts Russia are to receive $ 700 million from FIFA to help the country prepare for the world's biggest football event.

Bamboo shields and batons are already common in the Indian security forces 03.04.2012 20:15 26 comments

In arms way: India's 'hollow' army to buy in bulk

As a recently-leaked letter scandal reveals the Indian army, one of the biggest in the world, is virtually “naked”, foreign weapons producers cast longing looks at the country’s never-shrinking military budget: over $100 billion to be spent by 2020.

 
Republican Presidential hopeful U.S. Rep. Ron Paul  (T.J. Kirkpatrick/Getty Images/AFP) 30.03.2012 21:40 13 comments

Ron Paul Mania at University of Maryland

On Tuesday, Maryland residents will be voting in the Primary Election there and the remaining GOP candidates have been making their rounds around the state.