Wed, Jun 19 2013
People take part in a protest against bank evictions in Madrid, February 14 2012. The banner says 'Strength and indignation against tyranny of the banks'.
Photo: Reuters
Is inflation going to go crazy or will austerity help keep it under control?
Greek unions strongly opposed to the second bailout are calling for new protests on February 22.
The bailout will reduce Greece's government debt from about 160 per cent of the country's GDP to just more than 120 per cent by 2020
Analysts say the wealthier European countries are ignoring the need for economic growth in Greece and the other troubled economies. They say that without growth, the countries will not be able to recover in the long term, and their people may well reject plans that promise years, or even decades, of suffering.
Analysts think leaving Greece out of the eurozone may be a better solution than austerity measures
The upcoming EU summit on March 1 and 2 must address growth, members of the European Parliament said.
The announcement was made a day after rioters torched the centre of Athens and parliament adopted a new round of controversial austerity measures.
World leaders acknowledged Putin's victory with reservations, and international observers say the election was skewed in the former president's favour.
Hollande's call for more spending and economic growth has struck a chord with French voters.
Gallup International Association poll gives president Sarkisian’s party 44 per cent, while three main challengers alleged ‘machinations’ by ruling party in what – in contrast to 2008 – reportedly was a largely peaceful election.
The Freedom House report says the media environment in the Middle East and North Africa underwent major improvements in 2011, but remained the worst-performing part of the world.
Dissatisfaction with jobs is a global phenomenon and two-thirds of workers all over the world intend to look for another job in the near future, the survey concluded.