Crisis

25.05.2012 17:33 6 comments ‘Russia’s been 10 years late to WTO’ With less than three weeks left until June 15 – the deadline before which the Russian parliament will have to ratify the deal on the country’s WTO membership, the CEO of Russia’s number one bank says Moscow should have joined the organization long ago. Eurozone crisis		25.05.2012 15:23 1 comment Bankia suspends shares, asks for 15 billion euro Shares of Spain's fourth largest lender Bankia SA were suspended on the Madrid stock exchange on Friday as the bank is expected to ask for financial help from the Spanish Government totaling 15 billion euros.
25.05.2012 12:41 6 comments Moody’s downgrades three Scandinavian banks Something is rotten in the state of Sweden, as Moody’s has downgraded the country’s Nordea Bank and Svenska Handelsbanken, while Norway’s DNB Bank has also seen its debt rating cut. Eurozone crisis		25.05.2012 10:14 2 comments Market Buzz: No bad news is good news for investors Russian stocks are likely to open higher on Friday amid a relatively positive global background, though a downtrend persists on the markets.
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		24.05.2012 18:30 6 comments Sberbank: Grexit to hit Russia as well A Greek exit from the euro would strike not only Europe - it will also result in a new wave of crisis for Russia, with the country’s GDP falling 2.1% and the inflation rate surging, suggests a study by Russia’s major Sberbank. Eurozone crisis
24.05.2012 17:02 2 comments Eurozone private sector May performance worst in 3 years The eurozone is getting deeper into the doldrums, as its private sectors contracted the most sharply in May since mid-2009, according to a Thursday report by Markit. Shrinking demand for new orders was the first factor to blame. Eurozone crisis		24.05.2012 16:32 3 comments Brussels summit stumbles on Eurobonds as France and Germany lock horns The European Union summit in Brussels has closed, with leaders getting little further in solving the deadlock on the current debt crisis as they failed to agree on Eurobonds. Eurozone crisis
23.05.2012 20:09 2 comments Euron your own: Europe prepares for Grexit Euro-zone officials have told each country in the currency union they should assess the fallout of a probable Greek exit from the euro and prepare their own contingency plans on how to deal with it. Eurozone crisis		23.05.2012 14:41 9 comments Global economy needs BRICS, Greece ‘dispensable’ Growth in BRICS countries is far more critical for global economic health than the fate of Greece, as BRICS gains could easily counterbalance losses from Europe’s crisis, says Jim O’Neill from Goldman Sachs.
22.05.2012 21:15 18 comments Millions in the streets: Spain protests cuts to education (PHOTOS, VIDEO) The majority of Spain's educational institutions have closed as teachers and students take to the streets to defend their rights. The government has cut billions of euros from educational sector expenses. Eurozone crisis		22.05.2012 21:13 1 comment OECD: More gloom for eurozone, better perspective for Russia in 2012 A deepening debt pit in the euro zone will drag its economy down 0.1% in 2012, according to the Organization for Economic Cooperation and Development (OECD). Russia, however, promises a more rosy picture, with its GDP growth backed by high oil.
22.05.2012 18:44 7 comments Could Geuro save Greece? Introducing a parallel currency could be Greece’s best chance to stay in the euro and avoid a devastating default, according to research from Deutsche Bank experts. Eurozone crisis		22.05.2012 16:04 6 comments Make up or break up dither ‘killing EU’ Comparing the EU with a push-me-pull-you beast, political risk consultant Dr. John Hulsman predicts that the union should either go for further substantial integration and unification, or cease to exist as a geopolitical entity. Eurozone crisis
22.05.2012 14:37 2 comments Euro stability being siphoned off? As prices for most necessary commodities, such as fuel, rise and salaries fall, citizens of Europe’s strongest economy resort to desperate measures. In Germany truck drivers are being attacked by fuel-stealing thieves.		20.05.2012 11:25 28 comments G8 summit ends with artificial ‘hopetimism’ The annual G8 summit is over, with no tangible result in saving Europe from financial crisis. Focused on debt-torn Greece, the world’s most powerful economies expressed support to Athens staying in eurozone despite a backup plan of its exit. Eurozone crisis
19.05.2012 20:59 10 comments Blockupy Frankfurt: Thousands wrap up four-day protests (VIDEO, PHOTOS) At least 20,000 Occupy movement demonstrators have gathered in Frankfurt on the fourth day of mass anti-capitalist protests against the current banking system and austerity measures. Occupy Wall Street		18.05.2012 23:41 18 comments Merkel meddle: Germany pushes for Greek referendum? Germany denies reports that Chancellor Angela Merkel suggested Greece holds a referendum on the country’s membership in the “euro club”. However, major political parties have slammed the proposal.
18.05.2012 19:15 14 comments Police arrest 400 “Blockupy” activists as tensions rise in Frankfurt (PHOTOS) Frankfurt police have detained 400 anti-capitalist protesters ahead of a key conference on monetary policy scheduled for the weekend. With thousands more heading into the city in the coming hours, new clashes are expected. Eurozone crisis		18.05.2012 13:26 2 comments Goldman Sachs to review Spanish Bankia plight Spanish authorities have hired Goldman Sachs to provide an independent valuation of troubled lender Bankia, the country’s fourth largest bank, which has seen an unprecedented deposit flight during the last few days.

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