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The organizers of "Bank Run 2010" have chosen December 7 as the day when protesters are meant to withdraw their money from the banks, which they hope will cause a run on the banks that could collapse financial institutions.
The euro weakened, global stocks extended losses into a fourth week and Spanish and Portuguese bonds dropped as Ireland’s 85 billion-euro ($113 billion) bailout failed to ease concern the region’s most-indebted nations will need further aid.
Ireland, please drive a stake through the heart of the vampire banks which have the world by the throat. The entire controlled demolition of the Eurozone's finances can be summed up in one phrase: privatize leverage and profits, socialize losses...
The escalating debt crisis on the eurozone periphery is starting to contaminate the creditworthiness of Germany and the core states of monetary union.
Max Keiser, financial analyst and host of RT’s Keiser Report says Germany is ready to emerge as the world’s new superpower with China
The euro zone's sovereign debt crisis escalated Friday as the market homed in on Spain as another potential weak spot, leaving officials scrambling to quell investors' fears.
"Can it be supposed that one day Russia will be in some joint currency zone with Europe? Yes, quite possible," Putin said in answer to a question on a visit to Berlin.
One thing seems certain: Insofar as the G20 is concerned, the Anglo-American elites are not having their way.
A group of demonstrators broke into the headquarters of Britain's governing Conservative Party in London Wednesday, spray-painting anarchy symbols and setting off flares before being forced out of the building.
The giant fiscal stimulus and bank lending spree that China launched 2 years ago saved the world from recession. What can Beijing do for a follow-up act? Internationally, the success of the unprecedented pump-priming has accelerated a shift in econom
As the world watches Greece wrestle with its crushing debt and crippled economy, the country is quietly struggling to manage another burgeoning crisis: the dramatic influx of illegal immigrants crossing from Greece into the European Union. Officials
Moody's cut Ireland's credit rating, warning the country still faces a slow climb out of recession after nearly two years of austerity as the cost of rescuing its banking sector mounts. The rating agency's one-notch drop to Aa2 came a day ahead of a
The balance between spending to stimulate the economy and putting budgets in order has vexed countries around the world as the recovery has looked more and more precarious.
No wonder Russia has so much swagger these days, given that a rich Gazprom is the equivalent of a rich Russian government. That's because Gazprom accounts for 10% of Russia's entire GDP (2008), and at times has generated 20% of Russia's...
European stress tests on 91 of the region’s biggest banks drew criticism from analysts who said regulators are underestimating probable losses on Greek and Spanish government bonds.
The Baltic Dry, which contrary to what some may claim, actually is one of the best leading indicators on global trade and thus the health of the economy, continues to plunge, and is now below 2000, hitting fresh 14 month lows, at 1940.
What’s the best advice Warren Buffett has ever received? You might be surprised: It has ....
In an exclusive interview with Yahoo! News and The Huffington Post, Buffett disagreed with the recent statement by NY Times columnist and Nobel Prize winning economist Paul Krugman that we are "in the early stages of a third depression."
Policy makers are betting that the private sector can make up for the withdrawal of stimulus over the next couple of years. If they’re right, they will have made a head start on closing their enormous budget deficits. If they’re wrong, they may set o
