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Spain’s Recession Worsens on Austerity Measures
Data shows Spain’s recession worsened after austerity measures hurt spending
Lianna Brinded Aug 28, 2012
Greece May Sell Off Islands to Avoid Bankruptcy [VIDEO]
Greek Prime Minister Antonis Samaras revealed to Le Monde that the country may sell off islands in a bid to meet Eurozone austerity demands
Lianna Brinded Aug 24, 2012
Poverty, Homelessness and Suicide: Greek Citizens Bludgeoned by Austerity
With Greece obliged to implement severe austerity measures, IBTimes looks at how ordinary people are paying the price.
Lianna Brinded Aug 24, 2012
EU Leaders Angela Merkel and Francois Hollande to Refuse Greece Concessions
Germany and France widely expected to snub Antonis Samaras plea for more breathing space.
Lianna Brinded Aug 23, 2012
Tough Year for Miners and Commodities Firms: BHP Bilton, Glencore, Lonmin Battered
Intensified eurozone woes, slowing demand and production, and rising costs hit miners and commodities firms.
Shane Croucher Aug 22, 2012
Greece PM Antonis Samaras to Plead for Austerity Delay
Greek prime minister Antonis Samaras will try to persuade eurozone chief Jean-Claude Juncker for more time on bailout pledges.
Lianna Brinded Aug 22, 2012
Golden Dawn Suspected of Stabbing 19-Year-Old Iraqi Man to Death
Racist motive assumed in street murder by five men on motorbikes after earlier claims of assaults on Romanian and Moroccan men.
Gianluca Mezzofiore Aug 13, 2012
Syrian Civil War: Will Ba'athists and Jihadis Poison the Rebel Cause?
Syria conflict becoming increasingly complex as various players vie for power positions in post-Assad Syria.
Anissa Haddadi Aug 08, 2012
Bank of England Slashes UK Growth Forecast Again to Near Zero for 2012
Chancellor George Osborne under more pressure as Bank of England predicts near-zero growth for UK economy in 2012.
Shane Croucher Aug 08, 2012
Greece: Round-up Snares 6,000 Migrants as Minister Warns of 'End of Mycenaean Age'
Around 6,000 illegal immigrants detained over the weekend in Greece
Gianluca Mezzofiore Aug 06, 2012
Danny Alexander Hints at Keynesian Fiscal Stimulus for UK Economy
Treasury minister Danny Alexander has committed heresy by doubting the supremacy of credit ratings. Is the government preparing for a u-turn on fiscal stimulus?
Shane Croucher Aug 06, 2012
Bank of England Keeps Key Lending Rate, £375bn QE Programme Unchanged
Bank of England rate-setters on the monetary policy committee have held the rate and quantitative easing target as they await the impact of recent actions such as credit easing.
Shane Croucher Aug 02, 2012
Neo-Nazi Golden Dawn Party Gives Free Food to Greek Citizens Only [VIDEO]
Far-right Golden Dawn party gives out free food in Athens' Syntagma Square - but only to Greeks with IDs proving their nationality.
Gianluca Mezzofiore Aug 01, 2012
Swaziland: Does an 'African Spring' Await the Continent's Last Absolute Monarchy? [BLOG]
Cathal Gilbert looks at 26-year reign of King Mswati III in Swaziland and asks what needs to happen for things to change.
Cathal Gilbert Aug 01, 2012
Disappointing Q2? True, But Then There's Debt, Public and Private, and Something Deeper
On 25 July 2012 Britain's Office for National Statistics (ONS) issued its official estimate for the country's second quarter Gross Domestic Product (GDP). A contraction was expected by all and the range amongst economists was between -0.2 per cent and -0.4 per cent. The Telegraph's Angela Monaghan credited Vicky Redwood of Capital Economics with coming nearest and predicting the worst, at -0.5 per cent and so the ONS's -0.7 per cent came as a shock to everybody.
Graeme Mackay Jul 30, 2012
Bank of England Base Rate Cut Unlikely from 'Non-Event' MPC Meeting
Despite the deepening UK recession, Bank of England rate-setters are unlikely to loosen their monetary policy further by slashing the base rate at their upcoming meeting.
Shane Croucher Jul 30, 2012
Spain's Recession Deepens as Bailout Talk Intensifies
Spain's second recession in three years extends to the second quarter while the IMF say growth won't return until 2014.
Martin Baccardax Jul 30, 2012
Greece Finds €11.7bn in New Cuts as Cash Runs Dry and Default Looms
Prime Minister Samaras is set to meet EU Commission President Thursday as Troika continues to doubt Greece's ability to get back on track with its promised reforms.
Martin Baccardax Jul 26, 2012
Citigroup Raises Chances of Grexit to 90%
Citi also expects Britain to lose its AAA rating over the next two to three years due to the continued economic weakness.
Geetha Pillai Jul 26, 2012
UK Recession: Why David Cameron Cannot Sack Chancellor George Osborne in the Cabinet Reshuffle [OPINION]
The prime minister is in a bind. His chancellor has brought the government nothing but bad headlines over the recession-mired UK economy, but he will struggle to sack him - and here's why.
Shane Croucher Jul 25, 2012
UK Recession: ''Plan A' Gamble Calls for One Final Roll of the Dice
Prime Minister David Cameron and his Chancellor George Osborne face a nervous test of their core economic strategy
Martin Baccardax Jul 25, 2012
UK Recession: Analysts React to 'Terrible', 'Amazingly Weak', 'Humiliating' Q2 GDP Data
Britain is in the worst double-dip recession for 50 years as dreadful GDP figures reveal the true state of the UK economy. Here's what the analysts and economists had to say.
Shane Croucher Jul 25, 2012
Moody's Lowers AAA Rating of Germany, Luxembourg and Netherlands
A negative outlook points to chances of a high risk of annual cut in the rating within a couple of years.
Geetha Pillai Jul 24, 2012
European Crisis: Spain, Italy Bans Short Selling as Shares Tumble to Multi-Year Lows [VIDEO]
Euro falls to two-year low against dollar as Greece struggles to convince lenders and Spain's economy slides deeper into recession.
Martin Baccardax Jul 23, 2012
UK Debt-to-GDP Rockets to Highest Rate Since 1970
UK public debt is now at its highest rate against GDP in over forty years, as the double-dip recession takes its toll on the economy.
Shane Croucher Jul 20, 2012
Britain Should Put Brakes on Austerity if Recession Lingers - IMF
Final word on annual assessment of UK economy puts further pressure on Osborne's Plan A.
Martin Baccardax Jul 19, 2012
Central Bank Scorecard: Next Rate Moves Crucial as European Crisis Threatens Recession
An IBTimes UK exclusive round-up of the most recent policy statements and rate decisions from the world's key central banks
Martin Baccardax Jul 19, 2012
Bank of England: No Base Rate Cut till Credit Easing and QE Impact Known
Bank of England's monetary policy committee ignores calls from IMF and will not cut rate for months to see if policies working.
Shane Croucher Jul 18, 2012
Hare Markets vs Tortoise Legislatures, No Matter What European Summits Decide
It's all somewhat worrying when financial items in much of the world's media refer to "ESM bailout funds" as if the European Stability Mechanism were already well established and operating in Luxembourg. Initially hoped to be up and running by July 2012 after a final draft was agreed by Eurozone leaders in Brussels on 02 February 2012, the ratification process, progressing fairly well up to the Netherland's Queen Beatrix granting Royal Assent on 05 July with formal endorsement on...
Graeme Mackay Jul 17, 2012
PIMCO's Mohamed el-Erian Tipped to be Next Egyptian Prime Minister
CEO of world's biggest bond fund among names given to President Mohammed Mursi.
Martin Baccardax Jul 17, 2012
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