crisis

Viewed from Europe, the crisis seems global and the future bleak, but at world level: are things really that way? Are there countries or even continents living in a different situation, with certain optimism, offering alternative experiences, views and reasons…

No doubt. We are in the hands of thieves. The Barcenas, Pallerols, Crespo, Nóos and Mercurio cases, added to the Gürtel case, Millet, Champion, Pretoria and many others, show that those who have been giving us lessons of austerity have…

Germany and Switzerland: two solid financial rocks in the EU crisis or just fantastic at “social maquillage”? (with thanks to Mr. Kundera). These days the EU is going through serious growing pains. The economic disciplining is in full motion and…

By R. Nastranis Church leaders from around the world have expressed solidarity with the much pooh-poohed and crisis-ridden Greece in a two-day visit to the country during which they met Archbishop Ieronymos II of Athens and All Greece as well…

A general strike is underway across Europe today as millions are protesting spending cuts and tax hikes they say have deepened the region’s economic crisis. Spanish and Portuguese workers are coordinating their strike with work stoppages underway in Greece, Italy,…

By Apostolis Fotiadis Ignoring the thousands of protestors gathered outside the Greek parliament on Wednesday, the government voted in public spending cuts amounting to 17 billion dollars in an economy already on its knees from a lacerated budget. The government…

Let the banks fail 2008 was a year of financial disaster and near government collapse. The crisis has been deemed by economists as the worst financial crisis since the Great Depression of 1930s. But in the worldwide turmoil, the country…

The Spanish prime minister, Mariano Rajoy, rejected today any negotiations with Catalonia that may lead to grant the region more autonomy in tax matters because it is not compatible with the Spanish Constitution. In a statement, the president of the…

Record unemployment rates and budget cuts implemented by governments have caused a fall in consumer confidence within the Eurozone, the European Commission (EC) reported on Thursday. The indicator dropped to a negative 25.9 points from a negative 24.6 in August,…