The current unrest in Greece stems for decades of over-spending. In Athens, protesters take to the streets to fight the latest austerity proposal.
The fallout from a Greek debt default can be contained if European leaders reached an agreement to let the restructuring take place in an orderly manner, former IMF chief economist Raghuram Rajan said on Wednesday.
The chances of positively resolving Europe's serious debt problems are decreasing from day to day as authorities focus on buying more time, not solving problems, billionaire investor George Soros said on Tuesday.
Hiring prospects for the coming quarter have improved in most large economies from three months ago, while holding steady in the United States, according to a quarterly survey of employers by ManpowerGroup Inc .
Talks about a second bailout for Greece are getting closer to a conclusion as the European Commission pushes for a voluntary debt swap, media reported.
China faces a meaningful probability of a hard economic landing and the euro zone is storing up problems for the future by not tackling the debt crisis head on, said Nouriel Roubini, the economist who predicted the global financial crisis.
China faces a meaningful probability of a hard economic landing and the euro zone is storing up problems for the future by not tackling the debt crisis head on, said Nouriel Roubini, the economist who predicted the global financial crisis.
China faces a meaningful probability of a hard economic landing and the euro zone is storing up problems for the future by not tackling the debt crisis head on, said Nouriel Roubini, the economist who predicted the global financial crisis.
In yet another sign of China’s rise, Chinese delegates are now invited to the super-secret and super-elite Bilderberg Conference in 2011.
Hardly a few days after Syrian civilians started fleeing the nation to find a safe place in Turkey border, Syrian helicopter gunships fired machineguns to disperse pro-democracy protests, witnesses said, in the first reported use of air power to suppress unrest in Syria's increasingly bloody three-month-old uprising.
French Finance Minister Christine Lagarde takes her campaign to become the IMF head to social networking sites Twitter and Facebook.
The European Central Bank said on Thursday it opposed forcing private creditors to take part in debt relief for Greece, pushing back against Germany, which has demanded a bond swap to lengthen Greek debt maturities.
France could back a private sector rollover of Greek debt as part of a new EU-IMF bailout if a voluntary formula can be found to avoid wider damage in euro zone markets, sources familiar with government thinking said.
The Netherlands said it will postpone until next year any decision on allowing Bulgaria and Romania into the Schengen zone (which would allow for passport-free travel between the Schengen states).
The top candidate to run the International Monetary Fund, French Finance Minister Christine Lagarde, said she backed a bigger say for China at the Fund while making clear that the euro zone crisis would be a priority if she wins the job.
Germany has put a Greek restructuring back on the table, demanding in a letter to its EU partners that private bond holders make a major contribution to a looming debt relief deal for the struggling euro zone member.
Each June, nearly a hundred thousand people descend on a farm outside of Nashville, Tennessee for Bonnaroo, one of the world’s largest outdoor festivals.
Greece is set to impose a deeper bout of austerity on its struggling economy and promise to speed up a privatization drive in return for a new international bailout to avoid a debt default.
A killer bacteria linked to Spanish cucumbers is claiming victims all around Europe, but the news couldn't come at a worse time for the struggling country.
The 17-nation euro zone should consider establishing a central finance ministry as it tightens coordination of national economic policies to fight crises, the head of the bloc's central bank said on Thursday.
A European Central Bank policymaker said a voluntary deal for investors to keep renewing their Greek debt holdings might be acceptable, raising hopes on Wednesday for a deal to prevent a default by Greece.
Barneys New York will ship internationally on e-commerce site Barneys.com.
