Archives December 2011
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Brazilian economy ‘overtakes Britain’ as sixth in the world
Brazil has overtaken Britain as the world’s sixth largest economy, a London-based research group said Monday.
European Union to charge Airlines for Carbon Emissions
All airlines flying to and from EU airports will buy permits under the Europe’s emissions trading scheme, from 1 January 2012.
European Debt Crisis Becoming A Greater Problem
England at odds with Euro zone, The Fed has been covering the debt crisis in Europe up until now, nationalization coming for the banks, avoidance instead of facing the problems of debt, we have wars to keep the bankers going, rebellion within the EU, the financial treadmill runs ever faster for Greece, Gingrich plan to add another trillion to the US deficit, China WTO entry
German central bank chief threatens to block IMF boost plan
German central bank chief on Wednesday threatened to block plans to finance troubled eurozone partners through the International Monetary Fund (IMF), unless countries outside the eurozone are allowed to join the rescue operation.
Global Bank Run Begins in Greece
Many Greeks are draining their savings accounts because they are out of work, face rising taxes or are afraid the country will be forced to leave the euro zone. By withdrawing money, they are forcing banks to scale back their lending – and are inadvertently making the recession even worse.
EU begins nine-day sprint to save eurozone
The European Union begins a nine-day sprint on Thursday towards expected historic federal-style changes to save the eurozone, with France presenting its policy towards common budget control.
Greek unions take to the streets in general strike
Greek unions took to the streets Thursday to urge the new government to change tack on its austerity policies as new Prime Minister Lucas Papademos insisted he would press ahead with more spending cuts.
