Athens is set to repay loans to all creditors, including the IMF, said the government’s spokesman Gabriel Sakellaridis. Finance Minister Yanis Varoufakis is set to again head the Greek negotiation team after being briefly dumped from the process.
Italian Foreign Minister Paolo Gentiloni has said that “Italy can’t afford to close the doors to Russia” and “can’t cut ties” with Moscow. His statements come just days after Italian officials postulated that the sanctions against Russia may be lifted.
For more than one in four renters in the US, housing and utility costs take up at least half of their family's income, according to a new analysis of Census data. That number is up 26 percent since the beginning of the Great Recession in 2007.
British teachers concerned about the welfare of disadvantaged pupils have taken to washing their clothes, feeding them homemade lunches and even offering the youngsters haircuts as they warn of a resurgence of Victorian levels of poverty in the UK.
UK Independence Party (UKIP) leader Nigel Farage will tell EU leaders on Wednesday that Europe’s proposed policy response to the heightening Mediterranean migrant crisis poses a “direct threat” to civilization.
The West is eager to pull Ukraine away from its historical ties with its neighbors, but it can’t be done quickly and cheaply as it involves an enormous transformation, says Richard Wolff, economist and author of Democracy at Work: A Cure for Capitalism.
As the EU tries to battle its way out of financial crisis, the British mega rich continue to gain capital, according to the Sunday Times’ Rich List. It revealed that during the past 10 years the top one percent’s fortunes more than doubled in the UK.
Poverty-stricken families who face the dilemma of whether to heat their homes or go hungry will be given free fuel vouchers under a new pilot scheme so they can afford to meet soaring energy bills in a climate of ongoing austerity.
Britain’s Home Office has rejected calls to allow refugee and religious representatives into Scotland’s controversial Dungavel immigration center, despite reports of a group of detainees going on hunger strike.