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Monti: Italy has no future without outside EU and euro
Italy must avoid at all costs worsening debt crisis and lethargy which reached Greece, says Prime Minister, Mario Monti. In his opinion, no single currency and outside the European Union, Italy has a future.
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NASA discovered a new Terra
There is a science fiction story. A second Earth exist in reality. Astronomers at NASA have confirmed a striking plant that resembles Earth.
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Tensions within the Alliance could facilitate the return to power of communists in Moldova
Lack of trust in the alliance government in Chisinau has reached the highest level so far, while lawmakers are preparing for another attempt at presidential elections on 16 December. "He went into a carousel of lack of confidence, the game backstage and external influences, which can hardly escape,"...
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France: S & P did not take into account the agreement on Monday. Paris will not adopt new austerity measures
The French government will adopt new austerity measures after the S & P warned Monday night that could relegate France by two notches from AAA, said French Minister of Finance, that the analysis the agency did not take into account the agreement Franco-German on amending the EU Treaty.
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Belgium finally has a government
Di Rupo, 60, is the first francophone will lead a government in Belgium after more than 30 years, writes Agerpres.
Provision oath by the new head of government that succeeds Flemish Christian Democrat Yves Leterme, by the 12 ministers and six secretaries of state will have its place on Tuesday at...
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France refuses to implement new austerity measures despite threats S & P
Despite the warning agency credit ratings, Standard & Poor's (S & P) on Monday that the agency could lose two rating points from the current "AAA" (maximum possible), the French government decided not to implement any measures additional austerity.
François Baroin, Minister of Finance of France,...
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European leaders and investors with a very steep road
Investors will track any movement of European leaders in anticipation of the EU summit on Friday, and financial markets will climb and descend according to these movements.
This was the case Monday, when the index stock U.S. Dow Jones has increased by 167 points, perzându her, but half of the ga...
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Economic crisis forces Dutch unions to adapt to new realities
The main Dutch trade union federations announced last weekend that it will dissolve and reorganize into nine trade union to try to resolve a long dispute over pensions which crippled the Dutch trade union movement for most of the year.
Surprising movement is a sign that the economic crisis and dr...
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Cameron says that changes will not affect the sovereignty of EU treaties Great Britain
David Cameron, Prime Minister of Great Britain, argues that fiscal integration of the euro area will not involve a referendum on Britain's role in Europe. Such statements contradict Prime eurosceptics within his own ruling party, the Conservative Party, before the EU summit to be held on Friday in...
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Critical moment in the euro crisis. States remain defenseless
Decision credit rating agencies Standard & Poor's (S & P) to put under surveillance ratings of 15 countries in the euro area represents a turning point in the crisis that threatens to throw the European economy and in recesiune.Practic European states remain defenseless to expanding the crisis.
D...
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The central banks of the euro area and China could reduce the key interest
Decline in the euro area economies and China can not be offset by modest evolution of the American economy. Analysts expect the central banks in the euro area and China to use monetary policy to support economic recovery.
Sovereign debt crisis may have caused a contraction in the euro area econom...
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European stock market panic after S & P Euro 15 countries threatened with demotion
European stocks opened down today's meeting, after Standard & Poor's warned it may downgrade ratings of 15 of the 17 euro area countries, including Germany, France and the other four countries AAA if the EU summit on Friday will not bring a solution to the crisis, reports Reuters.
FTSEurofirst 30...
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China police squad set up Twitter
Chinese police entered the social media, at least four officers who read and write non-stop on Sina Weibo, substitute Chinese for Twitter.
This is just one of the operations that are part of a big project: the government of China wants to be heard on the social media environment that has grown ...
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STUDY: Who are online shoppers and what their buying?
Results of a survey research company GfK shows that 28% of urban Internet users have shopped online last year. Almost a quarter of those who buy on the Internet do so at least once a month, the study, announced this morning by GfK.
Young people remain among the largest buyers of choice for online...
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Germany, the reason behind the outbreak of euro crisis?
Germany, the largest and most powerful economy in the European Union, is the reason that led to the outbreak of the crisis facing the euro area today, said a renowned British economist.
There Greece, Spain, Italy and Portugal are responsible for the outbreak of the state debt crisis that threaten...
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Seven things that would put the global economy stocks in 2012
The world economy will start in 2012 weakened by crisis and the threat of a new economic recession caused by European sovereign debt crisis. Analysts Goldman-Sachs (GS) have identified seven major threats to economic recovery for next year.
I. European sovereign debt crisis
Sovereign debt crisis...
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Dollars to save euro
The Fed could pump money into the IMF, for it to assist with problems in the EU. Federal Reserve Central Bank of the United States of America, could participate in the euro area and save the single currency.
The institution may participate, along with the 17 central banks of countries in monetary...
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U.S. Vice President, in a visit to Greece: We've brought hundreds of millions of dollars! Not really, it was a joke!
Joe Biden, U.S. vice president, joked in Athens that Washington could make "more money" to help Greece out of the crisis.
During the meeting with Greek President Karolos Papoulias, Biden presented one of its delegates in this way: "This man is the Treasury Department. He brought hundreds of milli...
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How did Cyprus get to the brink of recession
For the second time in just three years, Cypriot state is threatened by recession. Political crisis and banking ties with Greece have been enough to strangle the economy.
State debt crisis broke down barriers so-called PIIGS countries (Portugal, Italy, Ireland, Greece, Spain) and is spreading rap...
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European stocks opened in red, after S & P warning on the eurozone ratings
European stocks opened down after Standard & Poor's warned it may downgrade ratings of 15 of the 17 euro area countries, including Germany, France and the other four countries AAA if the EU summit on Friday will not bring a solution to the crisis.
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Fitch: Election results will not affect the rating of Russia
The results of parliamentary elections in Russia, the ruling party United Russia recorded disappointing results will not affect investment-grade rating category that Russia currently enjoys, announced on Tuesday rating agency Fitch Ratings, according to RIA Novosti.
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Nationalized Banco de Valencia Spain, the first commercial bank taken over by state
Central Bank of Spain announced Monday that took over Banco de Valencia, a small credit institution, but the first nationalized commercial bank in crisis after authorities had yet to take control of three houses economy.
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Parliamentary elections in Spain: Popular Party won 187 seats in the Congress of Deputies - partial results
People's Party seems to have been a historic victory in elections on Sunday, and socialists seem to have the worst result so far.
According to partial results, PP will have 187 representatives in the Congress of Deputies (lower house of Parliament) and the Socialist Party, 109. For the right forc...
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Spain needs a support agreement at European level due to increased interest
"Spain can not continue to fund at 7%. Thus, we need an agreement from the European institutions through a common operational strategy in the euro area, to save us and guarantee state debt," said Madrid Cospedal cited by Bloomberg.
President of the party, Mariano Rajoy, Spain's Prime Minister des...
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Hopes immigrants from Spain, shattered by the economic crisis
Foreigners are most affected by unemployment in Spain, their dreams were crushed during the growth of the current financial crisis, AFP comments in a report made in a suburb of Madrid where immigrants, among them Romanian, a quarter of the population.
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What happens to Europe after breaking of euro.
Wall Street banks are all sorts of scenarios about the evolution of euro legacy currencies or if some leave the monetary union. Neither is encouraging.
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Belarus: Minsk authors of the attack were sentenced to death
Dmitry Konovalov and Vladislav Kovaliov were found guilty on detonation of a bomb in a subway station on 11 April. Over 200 people were injured.
Supreme Court decision is final and can not be changed except by the President.
So far, President Alexander Lukashenko has granted a single pardon, s...
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EU Consumer spending rose by 0.5% in Q3 of 2011
EU Consumer spending rose in the third quarter of 2011 by 0.5% in annual terms, compared to 2.1% reported strong advance during April-June, which is the lowest growth rate recorded in 2011, According to the Barometer of Visa Europe in consumer spending.
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Italy's public accounts will be supervised by an independent internal
Italian Chamber of Deputies Wednesday examined and approved the draft law articles and amendments in the constitution which provides for the principle of balancing public accounts.
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Fed: "slow to moderate" growth of the U.S.
U.S. economic growth continues "in a medium to moderate pace," said the U.S. central bank, Fed, in its economic report (Beige Book), published Wednesday, AFP quoted.
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