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The Latest

  • Greece bailout
    Greece parliament approves bailout bill
    After weeks of intense negotiations, Greece parliament accepted harsh terms from creditors to to receive nearly $100 billion in the country's third bailout in five years. The measure passed on Thursday, 229-64. The vote allows Athens to...
  • Greece
    Greece faces potential 'time out' from the euro
    Eurozone leaders held an emergency summit on Sunday telling financially unstable Greece that they must do more in order for them to consider a new financial rescue. Greek Prime Minister Alexis Tsipras must pass legislation through in order to have...
  • Greece in process of creating new currency as Grexit becomes a probability
    Greece in process of creating new currency as Grexit becomes a probability
    On July 8, a report was issued acknowledging that Greece was currently in the process of creating a new alternative currency as talks between themselves and the Troika break down since last weekend's historic referendum.According to...
  • This is Sparta! Greeks vote no in referendum and open door to new Eurozone
    This is Sparta! Greeks vote no in referendum and open door to new Eurozone
    Most of the votes are now in, and on July 5 the Greek people have spoken a resounding no against austerity, forced reforms, and enslavement to the Troika. By a 61% majority, the citizens of Greece channeled their 'This is Sparta' moment,...
  • Europe breakup accelerates over Greek exit, Ukraine, and split over Russia
    Europe breakup accelerates over Greek exit, Ukraine, and split over Russia
    After the U.S. helped engineer the overthrow of the duly elected Ukrainian government in late 2013, Europe has been ground zero for the proxy war that developed between Washington and Russia. And because of economic sanctions imposed upon them by...
  • Syriza left-wing party
    Greece Syriza party leader Alexis Tsipras defeats incumbent Prime Minister
    Greece’s left-wing party Syriza defeated the conservative New Democrat powers in Sunday’s election. Syriza’s leader Alexis Tsipras was on course to win between 149-151 seats in the 300-seat parliament, with 36.5 percent of the...
  • European nations cry to WTO not Washington as Russian sanctions create layoffs
    European nations cry to WTO not Washington as Russian sanctions create layoffs
    Actions today within the Eurozone took on a Kabuki theater like presence when on Aug. 13, several European nations cried foul and headed to the World Trade Organization (WTO) to protest economic sanctions laid upon them by Russia, and which are...
  • European Union and Euro appear to be on death's doorstep
    European Union and Euro appear to be on death's doorstep
    While much of the focus in 2013 has been on the global currency wars, China's rapid climb to second place in international finance, and a global disconnect from the dollar and America's economic supremacy, underneath it all may be the...
  • Row over EU banking union
    Row over EU banking union
    London Mayor Boris Johnson, speaking at Reuters press conference:"We want free trade. We want the freedom to set our own monetary policy. We want an independent tax policy. We want less bureaucracy and less intrusion by Brussels into...
  • Eurozone
    Eurozone's unemployment soars in debt crisis
    Unemployment in the 17-nation Eurozone hit 11.6% in September, signaling more economic woes inside the once do-know-wrong land of the vaunted euro. Launched in 1999 to much fanfare, the euro was supposed to assure member-states unprecedented...
  • Angela Merkel
    Germany asks U.K. to play bigger role in EU
    Fearing a Great Britain bail out from the European Union, German Foreign Minister Wolfgang Schaeuble urged conservative Prime Minister David Cameron to remain engaged in the European Union. Since the Eurozone’s sovereign debt crisis emerged...
  • OECD General Secretary General Meets with Euro Leaders
    U.S. economic growth tops the world on OECD CLI Index
    The American economy reports out “best in the world” performance as measured by the OECD Composite Leading Indicator Index on the world economy. The report was released at 7:00 a.m. Washington time on October 8, 2012 from Paris...
  • Spanish Prime Minister Mariano Rajoy
    Bloody protests erupt, dollar falls, following Spainish austerity announcement
    Today Spain's government revealed the country's 2013 budget and economic reform package, which presents 43 new laws to reform the economy in the next six months. Emphasizing spending cuts, the budget proposals include tapping into the...
  • Berlusconi
    Berlusconi runs again for Prime Minsiter and Moody downgrades Italy
    Silvio Berlusconi announced Thursday that he will once again run for Prime Minister as head of the Party of Freedom (PDL), the party he spearheaded for almost 20 years.The media tycoon – and former Premier – succumbed to a confidence...
  • Eurozone crisis
    The Eurozone crisis and how it affects our economy
    The United States shares deep cultural ties with Europe, going back well over 200 years. We have shared many common practices over the years, particularly in manufacturing and in technology.One major difference that stands out though,is inourbeing...
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