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16.03.2010, 15:12 10 comments

“The Euro will collapse either totally or in part” – MEP

EU finance Ministers have assessed the financial lifeline for debt-stricken Greece. Any concrete decisions on the issue will be made by the European Commission, should Greece decide to formally request economic aid.

18.05.2010, 18:50 5 comments

Basis of Eurozone was fragile – European MP

The Eurozone is facing its biggest challenge to date as the currency crumbles under the weight of Greece's fiscal crisis.

Photo by Alexey Novikov 16.12.2009, 00:16 4 comments

Pay in US Starbucks with roubles?

American Congressman Ron Paul has introduced an act to legalize competing currencies, like gold and silver, to circulate next to the greenback.

Image from sibirtelecom.ru 21.09.2009, 17:11

Sibirtelecom posts 1H 2009 Net Profit of 851 million Roubles

Sibirtelecom, telecom provider in Russia’s Siberia, has posted a 1H 2009 Net Profit of 851 million Roubles.

AFP Photo DDP / Thomas Lohnes Germany out 19.05.2010, 04:52 2 comments

“Europe’s economic pain will bring pain to entire global economy” – US economist

There might be speculators who will gain from EU’s problems, but they are only a handful of people and a very small percentage of the total GDP involved, says Robert W. Fogel, American economic historian and scientist.

United States, Washington (AFP Photo/Paul J. Richards) 14.10.2009, 04:46 1 comment

“Dollar is like democracy – everything else is worse”

The US dollar is gradually declining and emerging economies want its role in global commerce weakened. But the dollar is like democracy – everything else is worse, says Thomas Palley from the New America Foundation.

Greece, Athens: Protesting firefighters light red flares in front of a police cordon blocking the entrance to the Greek Parliament in Athens on March 23, 2010.(AFP Photo / Louisa Gouliamaki) 28.04.2010, 17:14 3 comments

The implications of the Greek debt crisis

With concern mounting the Greek debt crisis will become a contagion, RT Business spoke with Ben Aris, editor in chief of Business News Europe.

07.09.2009, 16:27

Megafon posts 1H 2009 Net profit of 20.1 billion Roubles

Russian cellular provider, Megafon, has posted a 1H 2009 Net Profit of 20.1 billion Roubles under U. S. GAAP.

Illustration by Roma Karas 01.06.2009, 10:53 1 comment

Banks taking on too much risk as deposits boom

The Central Bank is warning thatn Russian banks are offering high rates and taking on too much risk. Rouble appreciation and record interest rates have boosted deposits by 38%, but the risk of Rouble devaluation remains.

RIA Novosti / Grigoriy Sysoev, STF 06.01.2010, 11:49 1 comment

Rebounding Rouble looking higher in 2010

The Russian currency has risen in 2009 in line with higher oil prices making the country’s exports less competitive. But Merrill Lynch says the Rouble is still undervalued and may appreciate by 20% in 2010.

World economy breaking-up with US

Published: 09 October, 2010, 01:25
Edited: 11 October, 2010, 20:57


As the US economy teeters on the edge of decline and a possible double dip recession, emerging economies continue to grow at a quick click.

 
2 COMMENTS
Reid Campbell October 09, 2010, 17:41 quote
0

“The International Monetary Fund is a failure,” said Tarpley. “Globalization is a failure, let’s end it, let’s end this system.” Globalazation is what is destroying the US ane European economies, but this doesnt effect the policies of the US and Europe as those policies are dictated by their banking community. This banking community, the IMF included, seems to think it is their destiny to take over the world financially and the citizens of the US and Europe are just fodder in this ravenous attempt. China is polluting the world both physically and with cheap junk products, but their central bank is owned and run by their government and therefore looks out for the intrests of their county as opposed to the intrests of a bunch of greedy bankers.

Bill Moylan November 09, 2010, 13:48 quote
0

Couldn't have said it better my self !!

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