Home » Financial Crisis


Another Israeli protester self-immolates in Yehud, east of Tel Aviv

Post Pic
Moshe Silman self-immolated in Tel Aviv during a demonstration against social injustice and high cost of living, July 14, 2012. Another Israeli man has set himself on fire in the city of Yehud, two days after an Israeli protester died of burns sustained in self-immolation. The 45-year-old disabled man self-immolated at a bus stop in Yehud, about 15 kilometers (9 miles) east of Tel Aviv. Medical sources... 

US poverty to jump highest since 1960s

Post Pic
Poverty is spreading at record levels across many groups in the United States, from underemployed workers and suburban families to the poorest poor. Poverty in the United States is projected to climb to the highest level in nearly half a century as the recession threw millions of people out of work last year. According to a survey conducted by The Associated Press, US poverty could reach a 46-year... 

Obama Plan To Shatter “Permanent War Economy” Panics Global Elites

Post Pic
An astounding report prepared by the Ministry of Finance for President Putin today estimates that up to $35 Trillion in assets owned by what are estimated to be the 10 million individuals classified as “global elites” has been lost to global tax havens over fears that President Barack Obama is about to “shatter” the United States “permanent war economy” that has been in place since 1944. The... 

Spanish rallies turn violent as million people protest in 80 cities

Post Pic
Protesters march during a demonstration against government austerity measures, in central Valencia Spanish police have clashed with protesters marching against the latest batch of austerity measures. Over a million public employees, trade union members and fed-up citizens have taken to the streets in over 80 Spanish cities. ­Violence erupted in Madrid around midnight after dozens of protesters reached... 

Government office torched in Israel in support of self-immolated protester

Post Pic
Israeli protesters block a highway as they march through the streets of Tel Aviv to protest rising housing costs on July 15, 2012 Israeli protesters have torched a government office in Tel Aviv during a demonstration in solidarity with a man who recently self-immolated to protest against the Israeli economic policies. Over 2,000 Israelis gathered outside the office of National Insurance Institute in... 

Spanish unions mull general strike over austerity measures

Post Pic
People protest against the Spanish government’s austerity measures in Malaga on July 13, 2012. A Spanish trade union leader has warned that unions were considering a general strike against the government’s new austerity measures. Secretary General of Comisiones Obreras trade union (CCOO) Ignacio Fernandez Toxo said on Monday that the strike was “unavoidable” if the government... 

Israeli protester sets himself on fire in critical condition

Post Pic
An Israeli man sets himself on fire during protest in Tel Aviv on July 14, 2012. An Israeli protester, who set himself ablaze on Saturday night in the city of Tel Aviv, is fighting for his life after suffering extensive burns. Moshe Silman poured gasoline on his body and set himself on fire during a social justice demonstration. He was sent to Sheba Medical Center early on Sunday. Israeli President... 

Hundreds clash with riot police in Madrid

Post Pic
Demonstrators take part in a protest against the Spanish government’s austerity measures on July 13, 2012, in Malaga Hundreds of protesters have clashed with riot police in Madrid over the new set of austerity measures. One person suffered a broken nose and three people were arrested. ­The protesters demonstrated on Friday evening outside the People’s Party offices of Spanish Prime Minister... 

US debt the real national security threat

Post Pic
Drones, kill lists, computer viruses and administration leaks are all the rage in the current political debate. They indeed merit serious scrutiny at a time when the rules of war, and technologies available for war, are changing fast. That said, these issues are not the foreign policy centerpiece of the 2012 presidential race. Economic renewal and fiscal reform have become the pre-eminent issues,... 

Eurozone crisis to worsen with Greek bailout package

Post Pic
A majority of people in four European countries believe that the eurozone crisis will worsen after giving Greece the 130-billion-euro financing package. The respondents to the phone survey that was carried out by the French opinion poll institute Ifop from June 18 to 21 were asked if they thought the eurozone economic crisis will worsen or improve after giving Greece the loan. The results of the survey... 

Eurozone unemployment rate at record high in May

Post Pic
People wait in line at a government employment office at Santa Eugenia’s Madrid suburb on January 27, 2012. New data released by the European Union show that the unemployment rate in the eurozone hit a record high of 11.1 percent in May. According to EU’s statistics office Eurostat, more than 17.5 million Europeans were without a job in the single currency area in May. The figures indicated... 

Germany approves EU bailout fund

Post Pic
The German parliament has voted in favor of the EU’s permanent bailout scheme and more lenient budget rules. Chancellor Merkel has been criticized with making a U turn in policy, easing borrowing costs on flagging banks without additional austerity. “Today Germany, with the approval of the fiscal pact and the ESM [European Stability Mechanism] by all parties in both houses of parliament, will... 

Thousands of Israelis protest rising cost of living, social inequalities

Post Pic
Israelis hold banners as they protest in Tel Aviv city on June 30, 2012. Thousands of Israelis have staged rallies in several cities to protest against social inequalities and the rising cost of living. The demonstrations were held in Tel Aviv, Jerusalem and the northern city of Haifa on Saturday in an attempt to revive last summer’s cost-of-living protest movement. The protesters shouted, “The... 

Eurozone to blow up any time when unable to roll over credits

Post Pic
Most EU members are in favor of issuing eurobonds, but Germany opposes mutual debt obligations. Don Coxe, an investor and chairman of Coxe Advisors LLP, says Berlin cannot afford to hand out more bailouts when confidence in EU banks is crumbling. ­The talks are taking place in Brussels, where EU leaders are meeting for two days to agree on new growth measures for the union. RT: In a recent blog article... 

Stockton to become largest US city to declare bankruptcy

Post Pic
A home sale sign in Stockton, California, the United States, February 7, 2012 The city of Stockton in the US state of California is set to become the largest American city ever to declare bankruptcy as the financial troubles of the US deepen. A formal bankruptcy filing may come as early as Wednesday following the failure of negotiations between Stockton’s officials and creditors. The northern... 
Copyright © 2009 The European Union Times – Breaking News, Latest News. All rights reserved.