Eurozone crisis

17 comments UK braces for immigration crackdown if euro collapses Britain’s Home Office is drawing up contingency plans to restrict the number of economic migrants from Greece and other European Union nations in case the euro collapses. Eurozone crisis		8 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
7 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		54 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
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		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
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		7 comments ‘EU forcing Greece into austerity’ European calls for Greek contingency plans are nothing more than brinkmanship, believes John Laughland of the Institute of Democracy and Co-operation. Eurozone crisis
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		1 comment Too posh for your pocket: Famed Ferraris draw tax fire in Italy Owners of Ferraris and Lamborghinis are facing a county-wide crackdown in Italy, but it has nothing to do with rash driving. The authorities are more interested in whether the luxury vehicles have been bought with properly declared and taxed money. Eurozone crisis
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		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
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		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
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		9 comments Moody’s cuts ratings of 16 Spanish banks The European banking industry has suffered another crushing blow after Moody’s ratings agency downgraded the credit ratings of 16 Spanish banks, citing the weakened government’s ability to support some banks. Eurozone crisis
3 comments Canadian dollar to give Iceland helping hand Iceland would be better off replacing its currency with the Canadian dollar. So say Icelandic economists, who believe the move - which remains a possibility - would help stabilize the small northern country's ailing economy. Eurozone crisis		8 comments ‘Euro faces existential crisis Brussels was oblivious to’ European politicians failed to see that the single currency’s existence is in peril, trying to blame the system’s failures on individual countries, Aditya Chakrabortty, lead economics writer for The Guardian newspaper, told RT. Eurozone crisis
37 comments Free to be wrong: European elections spell economic doom Greece has failed to forge a coalition out of a motley crew of impractical and irreconcilable parties and now faces a fresh election. As another wave of the continent-wide crisis looms, it’s time to face up to the flaws of Europe’s political systems. Eurozone crisis		Portugal: Nothing to write home about one year after bailout A year after Portugal received a 78 billion euro bailout from the EU and the IMF, the country’s economy hasn’t deteriorated, but hasn’t got back on track either, experts say. Eurozone crisis

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