breakingnews
18.10.2010, 09:09
4 comments
Public services in Britain are facing massive cuts in their budget as the government looks to fill the huge black hole in its balance sheet.
07.06.2010, 09:58
5 comments
Latvian President Valdis Zatlers believes that the biggest task towards stabilization of the economy and Latvian financial system is complete, but the goal to recover and get back to growth has not been achieved yet.
30.04.2010, 13:37
16 comments
Greece faces years of painful cuts to salaries in return for a multi-billion-dollar bailout from the International Monetary Fund and the EU. The Greek finance minister called it a “choice between collapse or salvation.”
26.09.2009, 01:26
2 comments
The G20 member states have agreed that the group will replace the G8 as the main coordinating body for global financial issues. The G20 leaders are in Pittsburgh, the US for a two-day summit.
27.02.2009, 21:56
2 comments
Russian Prime Minister Vladimir Putin has warned that the economic crisis has yet to hit bottom. Russia, he said, would have a tough year, but would make it through.
09.07.2009, 01:12
1 comment
Kim Carstensen, WWF Global Climate initiative: “The decision [to limit temperature growth to 2ºC] is a step forward. The new US leadership has been important. Also, Russia must have played a constructive role.”
01.04.2009, 01:23
1 comment
Russia and Germany both believe the upcoming G20 summit in London must result in more than just adopting a declaration, Russian President Dmitry Medvedev said after meeting in Berlin with German chancellor Angela Merkel.
09.09.2010, 21:30
1 comment
The Global Policy Forum “The Modern State: Standards of Democracy and Criteria of Efficiency” has kicked off in the Russian city of Yaroslavl.
05.06.2009, 15:33
“It is in the hands of governments to avoid a second wave of the crisis. But this will also require coordinated efforts by the governments of the key countries,” said presidential aide Arkady Dvorkovich.
13.10.2010, 12:48
2 comments
It is not the people of Germany but rather the political class, that wants to support the euro, said business consultant and author, Professor Max Otte.
Published: 05 April, 2009, 10:24
World leaders met in London on April, 2 in an attempt to find a way out of the world economic crisis, but did the meeting of minds actually solve the world's financial problems, or was it just a waste of time?
"... Adam Smith explained in The Wealth of Nations: No nation has ever repaid its debts. Small nations like Iceland, along with small taxpayers in wealthy countries, may be coerced with propaganda, mind games and outright threats into paying – until they have no assets left to hand over ... ... In Russia, life expectancies sharply declined, while health, prosperity and hope withered as outside forces imposed austerity measures and high interest rates. Russians woke up to find that the devastation of the reforms foisted on them were as severe as the Second World War in reducing population, destroying industry, spreading disease and losing control of their economy. Living standards plunged, especially for retirees, while employment prospects closed for the young. Much the same occurred throughout the former Soviet Union."