A recent WHO report shows grim health implications from Europe’s economic crisis, including a trend in Greece in which citizens infect themselves with HIV to access the meager range of government benefits available.
Dublin has withstood the final test from the troika of international lenders, which gives Ireland green light to become the first EU country to exit a bailout program in December. The country will return to going directly to bond markets for finance.
While European governments try to tax their citizens into oblivion, these citizens have no choice but to look for alternatives and resort to the shadow economy, Felix Moreno de la Cova, trader and portfolio manager at RF trading, told RT.
Public unrest in Italy, fueled by the new budget rolled out by the shaky ruling coalition, has united unemployed youth and the captains of industry in opposition, James Walston, an Italian politics expert from the American University of Rome, told RT.
A Red Cross study found that Europe’s economy could be worsening, with the number of people impoverished by the crisis rising. Despite the economic upturn people may suffer for, Pierre Kremer, of the International Federation of Red Cross, told RT.
Austerity measures and the economic downturn in the UK have prompted the British branch of the Red Cross to begin formulating an emergency food aid plan for Britain – the first the charity has set up for the country since WWII.