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Crisis

'Can't Pay, Won't Pay': Greece has no money to make IMF payment, interior minister says
Greece will not be able to make next tranche of debt repayment to the International Monetary Fund (IMF), as the country has no money to pay, the Interior Minister said.

24.05.2015 09:49

​No concession to Ukraine in restructuring debt – Russian PM
Russia won’t restructure loans issued to Ukraine. Instead, Moscow will insist on a tough stance in order to influence the decision of other IMF members to provide financial aid to Kiev, said Russian prime minister Dmitry Medvedev.

23.05.2015 13:58

German Finance Minister ponders parallel currency for Greece – media
German Finance Minister Wolfgang Schaeuble has acknowledged the possibility of introducing a parallel currency alongside the euro, in case negotiations with creditors fail, said Bloomberg citing sources familiar with the matter.

22.05.2015 19:04

‘Extension of anti-Russian sanctions would hit Greece quite hard’
As the Greek economy is in crisis and the country is trying to attract money from any source to survive, prolongation of the sanctions against Russia would only worsen the situation, former Greek diplomat Leonidas Chrysanthopoulos told RT.

22.05.2015 10:56

US & Israel inequality champions of developed world – OECD
Inequality in the developed world is the sharpest in 30 years, a recent OECD research reveals. Yet even in this context, two countries stand out in the disparity between rich and poor: the USA and Israel.

21.05.2015 19:41

Clashes, tires on fire outside Ukrainian parliament in Kiev
Clashes are reported in central Kiev where crowds of protesters are rallying against the economic crisis and the soaring cost of private loans. Local media say several people have tried to break into the Ukrainian parliament.

21.05.2015 15:33

Viva la revolución: Cuban social justice will survive American reconciliation
Cuba's detractors have long been guilty of dismissing the achievements of the Cuban Revolution, while some of its supporters have lapsed into romanticizing the hardship its people have endured as a consequence of its isolation.

20.05.2015 13:48

Greece may fail to make next IMF debt repayment – Syriza spokesman
Greece won’t be able to pay the next tranche of 300 million euros to the International Monetary Fund (IMF) on June 5 unless it receives extra financial aid from creditors, according to a senior member of the ruling party.

20.05.2015 20:13

Putin says Ukraine’s statement on default unprofessional
Ukraine's statement regarding a possible default is a consequence of Kiev’s low level of professionalism, said Russian President Vladimir Putin, ordering the Finance Ministry to sort out the issue of Ukraine’s debt to Russia.

20.05.2015 18:04

‘Kiev blames Russia as Ukraine approaches default’
As Kiev passes legislation allowing it to halt debt repayments, Russia is getting the blame, Jacques Sapir, from the School for Advanced Studies in the Social Sciences told RT.

20.05.2015 14:12

Swiss UBS first to pay $545mn fine over forex rigging
UBS is the first bank to plead guilty and pay a $545 million fine for the manipulation of the $5 trillion-a-day forex market. Another four major UK and US banks could be facing similar settlements with the regulators of more than $5 billion.

20.05.2015 07:27

Euro slides on Greece default fears
The euro fell to a two-week low on Wednesday following a Greek government warning that it will miss the June 5 IMF payment deadline without a deal with the Troika by then.

20.05.2015 07:17