financial crisis

01.03.2013 Luz de Levante

Spain: 6 million empty properties, 400,000 families on the streets

Spain: 6 million empty properties, 400,000 families on the streets

The spokesperson for the Mortgage Holders Platform, Chema Ruiz, criticised the Spanish economic model that, in his opinion, defends the banks and leaves people with an enormous debt, and losing their homes when it becomes impossible to repay. This situation has resulted in six million empty residences in Spain while … »

14.02.2013 PressTV

UK workers earn lowest in a decade

UK workers earn lowest in a decade

The real value of British workers’ wages has fallen back to 2003 levels in 2012, raising fresh concerns at the time of the country’s ailing economy, a new report suggests. According to figures released by the Office for National Statistics (ONS), British workers are earning no more than they were … »

13.02.2013 PressTV

Elderly Spanish couple commits suicide over debts

Elderly Spanish couple commits suicide over debts

A retired Spanish couple has committed suicide after receiving an order to evict their home on the Mediterranean island of Mallorca due to unpaid debts. Authorities said the 68-year-old man and the 67-year-old woman, who took an overdose of prescription drugs on Tuesday in their home, stated in a suicide … »

03.11.2012 Julio Godoy

Imagine a Hedge Fund Manager as U.S. President

Imagine a Hedge Fund Manager as U.S. President

In the late summer of 1998, in the wake of the Asian financial crisis, a group of German and French professors of economics organised at the University of Bremen in Germany a seminar to discuss ways to re-regulate the international financial markets. The theme could not have been timelier: The … »

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