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.
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.
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.
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.
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.
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.
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.
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.
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.