FEARS are growing the global economy could be set for a crash after latest figures suggest both China and Europe are struggling.Chinese exports have recorded a shock fall, slumping by 4.4 percent in the last month of 2018, representing the largest fall for two years. Lowering demand in […]
Jean-Claude Juncker/Matteo Salvini (Image: GETTY) ITALY could bring down the eurozone if it pushes through its controversial budget for 2019, European Commission president Jean-Claude Juncker has warned. The cash-strapped country’s new populist coalition government is threatening to rip up previous budget agreements with Brussels and aim instead for […]
Pension savers ignore EU scar tactics and pump more money into retirement funds. They are brazenly ignoring Project Fear warnings of a financial slowdown if Britons vote to leave the European Union – because they do not think they are true. Sixty per cent of investors expect no negative effects […]
DEBT-ridden Greece is dangerously close to running out of cash and plunging the eurozone into a fresh crisis. Athens desperately needs £4BILLION worth of aid from creditors but is refusing to make any further cutbacks to government spending. The payment is part of a third bailout agreed for Greece […]
TROUBLES in the Italian and Portuguese economies could blow up this year to shatter the eurozone, as disastrous Greece almost did last year. Both countries are heavily laden with huge piles of debts and struggling to register any growth amid global market turmoil. Recent figures showed Italy’s economy grew […]
Greek leaders have failed to make enough progress on reforms aimed at bringing down their monstrous debt after multi-billion pound bailouts last summer. And now begging Athens chiefs have reached stalemate in negotiations with creditors to decide how to claw back financial stability. The three main lenders – the eurozone, […]
Hundreds gathered in Paris to show their solidarity with Greece, supporting Athens’ resilience in fighting the harsh bailout conditions now being demanded. The protesters were mainly from France’s left-wing parties.The prime minister is calling for Greece to be respected, to make sure it stays in the eurozone. For […]
Greek banks were on the brink of meltdown last night after the shock announcement that its crisis-hit government would hold a referendum on the terms of a fresh international bailout. Long queues formed outside the country’s cashpoints after prime minister Alexis Tsipras accused the International Monetary Fund and eurozone […]
Greece is dangling the prospect of an Athens-Moscow alliance in an audacious attempt to pressure its eurozone creditors into watering down austerity demands as the country teeters on the edge of default and bankruptcy. The Prime Minister, Alexis Tsipras, will hold talks with the Russian President, Vladimir Putin, 12 […]
The current situation in Greece is coming down to the wire, with Greece having less than 15 days to pay more than $1 billion in debt repayments to its international creditors. The prospect of a Greece default has led European leaders to prepare contingency plans and US officials […]
