You are here


The whole eurozone is sick, not just France

Critics of France’s Socialist government were quick to point the finger at president François Hollande and his ministers on Thursday after the latest figures on the economy made for some sorry reading.

Polish premier against quick adoption of euro

Poland’s Prime Minister Donald Tusk says he is against the hasty replacement of the country's national currency with the euro, as Poland is doing better economically than the eurozone.


More than 40% of Italians want to quit euro

A new poll has found that more than 40 percent of Italians would like the country to leave the European single currency.


Irish Government considered restarting printing of the Irish pound (the Punt)

Rumours swirled around the corridors of power in 2011 and 2012 amid the escalating eurozone crisis. The idea that the country was planning to print punts was one of them.

Euro is ‘island of stability’ - Draghi

European Central Bank (ECB) head Mario Draghi said the euro currency is “an island of stability” even though growth in the eurozone is slow and unemployment is still rampant.

Ruble Continues Fall, Surpasses Trading Corridor

The ruble continued its fall in Monday morning trading, reaching a historic low of 47.5 rubles to the euro.

Nigel Farage - "Mr Samaras, you're not in charge of Greece"

Nigel Farage MEP speaking in the European Parliament, telling the Greek Prime Minister a few home truths. 

Nigel Farage - "Mr Samaras, you're not in charge of Greece" (15th Jan 2014)

People seek alternatives in growing disapproval of EU & euro

It's a new year, but the same old problems for the EU leadership. The most recent polls suggest a strong streak of disapproval at their performance among people across the Union. And that could be very significant in the upcoming European parliament elections.

People seek alternatives in growing disapproval of EU & euro

€xtreme Moves: Eurozone crisis far from over amid ravaging austerity & debts

In Spain and Greece the situation is particularly drastic with over half of people under 25 out of a job. Both countries also rely heavily on Brussels for financial help - with Athens looking at the prospect of a third bailout deal. Across the region, people are weary of austerity cuts, and we've seen plenty of public discontent and mass protests.

€xtreme Moves: Eurozone crisis far from over amid ravaging austerity & debts

Latvia joins eurozone, but half of population opposed

Latvia has celebrated the New Year by joining the eurozone, becoming the 18th member of the Europe-wide currency bloc. However, recent opinion polls show that a majority of Latvians oppose the move, with just one-fifth strongly in favor.


Is the euro zone at risk of Japan style deflation?

As inflation in the euro zone languishes at its lowest level in four years, some analysts argue that the region is at risk of a Japan-style deflationary rut.

EU paints gloomy picture of euro-area growth outlook

The European Union trimmed its forecast for euro-area growth next year as the economy struggles to gain momentum with the debt crisis dragging into a fifth year and unemployment at a record.

German Exporters Benefit from European Austerity

Austerity reduces the value of the Euro which helps German exporters

German Backed Austerity Regime Inequality Across EU and At Home

Banks accused of colluding to protect Euro credit derivatives revenue

Antitrust regulators in Europe charged 13 large banks Monday with colluding to prevent new competitors from entering the credit derivatives market.

EU's Rehn: Latvia could join euro zone in 2014

The small Baltic state of Latvia could become the 18th member of the euro zone in 2014 if it continues on its current economic course, EU Economic and Monetary Affairs Commissioner Olli Rehn said on Thursday.

Germany rules out further Greek debt write-off

Berlin has ruled out allowing public creditors to write off Greek debt as a way of helping the country overcome its financial woes. However, Germany’s finance minister said he is open to other ways of helping Athens.

ECB: Crisis nations have lost their sovereignty

The head of the European Central Bank (ECB) on Sunday threw his weight behind a German scheme to allow the EU to intervene in countries' budgets and propose changes before they are agreed in parliaments.

Lithuania opposition scents power after backlash vote

Lithuanian opposition parties began talks on Monday on forming a government that will determine the country's path into the euro zone, having won an election marked by a backlash against years of austerity.

Dogma is that Europe needs to stay together

Russia Today talks to Max Otte - professor of general and international business administration. He's discussing the current EU financial troubles as well as Germany's role in the crisis.

'Dogma is that Europe needs to stay together'

EU to introduce single banking supervisor for eurozone

European Union (EU) leaders have agreed to create a single supervisory body for eurozone banks next year, a crucial step in breaking the vicious circle between banks and sovereign governments, officials say.

Europe can be strong without Euro

Uniting nations under a single currency is a bad idea, Austrian billionaire-turned-politician Frank Stronach told Russia Today. The Eurozone's single currency is crippling the EU, and Stronach aims to demonstrate to the world that it can live without the euro

'Europe can be strong without Euro'

Switzerland arming in preparation for European meltdown?

The Swiss Army is preparing contingency plans for violent unrest across Europe. A nation mostly famous for its banks, watches and chocolate fears it may face a massive influx of European refugees in the near future.

Athens Anger: 'Greek police rhetoric reminds of military dictatorship'

Police fired tear gas as angry protesters clashed with officers in Athens as thousands rallied in the Greek capital in protest against German Chancellor Angela Merkel's visit. Merkel is in Athens for austerity talks with the country's Prime Minister.

Athens Anger: 'Greek police rhetoric reminds of military dictatorship'

6,000 Greek police to guard Angela Merkel during her six-hour visit to Athens

About 6,000 policemen will be deployed in the capital for her 6-hour visit, turning the city centre into a no-go zone for protest marches planned by labour unions and opposition parties

Experts urge total dissolution of the eurozone

A financial analyst says "it is urgent to dissolve the eurozone, since the crisis has reached a critical point".


Nigel Farage destroys Barroso's State of the Union Address

"I have totally underestimated the complete fanaticism, Mr Barroso of you, your college of commissioners and the European Central Bank"

Nigel Farage destroys Barroso's State of the Union

Merkel makes U-turn on Grexit?

Angela Merkel wants to stop Athens leaving the euro at any cost – even it means manipulating the figures in the upcoming troika report – as a Greek exit would jeopardize her chances of reelection, according to the German newspaper Der Spiegel.

U.S. Companies Brace for an Exit From the Euro by Greece

Even as Greece desperately tries to avoid defaulting on its debt, American companies are preparing for what was once unthinkable: that Greece could soon be forced to leave the euro zone.

Obama asks eurozone to keep Greece in until after election day

US officials are worried that if Greece exits the eurozone, it will damage President's election hopes

Greek Great Depression: 'Everybody going down into black hole'

Greece is asking for more breathing space to implement financial reforms and spending cuts, which have sparked years of widespread protests.

The Prime Minister has to convince the Eurozone top brass later this week that he's done enough to receive the next bailout installment. It's worth 31-and-a-half-billion Euros, without which Greece will default and potentially exit the currency union.

The PM's expected to ask for two more years to get reforms in place. Economist Yanis Varoufakis says getting the delay will do more harm than good.

Greek Great Depression: 'Everybody going down into black hole'


Theme by Danetsoft and Danang Probo Sayekti inspired by Maksimer