The major global economies are losing steam, and are expected to forfeit some 2014 growth, the OECD said Monday. They are weighed down by a sluggish eurozone economy, growing Middle East tension, the Ukraine crisis, and the Scot’s independence referendum.
The eurosceptic ‘Alternative for Germany’ party got more than ten percent of the vote in the country's regional elections on Sunday, making the right-wing a growing threat for Chancellor Angela Merkel's conservatives.
The EU parliamentary elections have seen a marked shift towards both right-wing and Euroskeptic political parties. From the National Front to UKIP, RT has drawn up a list of the need-to-know political parties coming to prominence in the EU.
Portugal exited its international bailout program on Saturday, regaining its economic sovereignty, which it lost after the European debt crisis. However, the country’s GDP is four percent lower than in 2010, a year before it asked for financial help.
Spending cuts in Greece have caused some 500 male suicides since their implementation, according to a new study. The research found a positive correlation between austerity and suicide rates after other possible links proved to be unrelated.
Two people have been injured as Greeks rioted over the opening of shops on Sunday. Hundreds of protesters gathered in Athens’ main shopping district, resulting in clashes with riot police who tried to disperse the protesters with tear gas.
At least 80 people – both police and protesters – have been injured as street battles broke out in Rome, with rocks being flung and police deploying pepper spray. Thousands took to the street to march against austerity measures.