Thousands of demonstrators in Madrid take part in a Labor Day protest against the Spanish government’s austerity policies, May 1, 2013. Thousands of protesters have staged rallies in Spain to express resentment against austerity measures, recession and the soaring rate of unemployment in the country. Spaniards took to the streets in some 80 cities in trade union-organized Labor Day demonstrations... 

In order to deal with its economic problems and further develop, Europe needs to deregulate its market and cut bureaucracy, but it does exactly the opposite, Chris Clarke, from Nottingham Trent University Business School told RT. In Clarke’s opinion, Europe is not even making an attempt to do the right thing to turn-around its economic woes. RT: Greece is the worst-hit in these latest figures and... 

Eurozone unemployment rate hits a record 12.1 percent in March 2013. The Eurostat data agency says eurozone unemployment rate has hit a record-high 12.1 percent in March, up by 62,000 from the previous month. According to the data, some 19.2 million people in the eurozone are receiving government financial assistance. As the jobless rate in the 17-nation eurozone climbed for the 23rd consecutive month,... 

Italy’s new Prime Minister Enrico Letta delivers his speech at the parliament in Rome on April 29, 2013. Italy’s new Prime Minister Enrico Letta says the coalition government will pursue growth policies to reverse an austerity drive which is killing Italy. The remarks were made on Monday during Letta’s inaugural speech to parliament. “Italy is dying from austerity alone. Growth policies... 

An office of the French state-run employment agency, Pole Emploi, in the northern Paris suburb of Pantin. The French Labor Ministry says the number of unemployed people in France increased by 36,900 in March, reaching 3.224 million for the first time since 1997. The French ministry said on Thursday that the number of registered jobseekers in the eurozone’s second-largest economy surged by 1.2... 

People protest against government austerity policies at Lisbon’s main square, Praca do Comercio, March 2, 2013. Portugal has announced a fresh round of spending cuts in order to obtain the approval of international lenders and secure additional funds for the debt-ridden country. The Portuguese government said on Thursday that it plans 800 million euros of spending cuts this year on public sector... 

Italy’s main union leaders speak to crowds outside Parliament in Rome April 16, 2013. Thousands of Italians have protested against the deteriorating conditions for the country’s workforce, blaming the political stalemate for the worsening economic situation. The country’s three major unions organized the rally outside Parliament on Tuesday, where workers demanded more money to a state... 

A homeless man in Athens Homeless people in Greece have staged a silent march, calling on the government to provide them with healthcare and improved social services. The protestors took to the streets of central Athens on Friday, urging the authorities to provide basic medical and sanitation facilities. The demonstrators were carrying placards reading, “We have no slogans. We have demands.” The... 

Italians staging a protest against austerity in Rome Official figures show that Italian households have experienced a record fall in income for 2012, as the country’s economy is expected to remain bleak. Italy’s national statistics agency Istat reported on Tuesday that the households’ purchasing power contracted by 4.8 percent last year, making it the worst result since 1990 for Eurozone’s... 

Researchers say the governments in Britain and Scotland are willfully underestimating the number of families living in poverty, local media reported. A report backed by the Economic and Social Research Council found that ministers both at Holyrood and Westminster have failed to “effectively define” deprivation. Academics at Edinburgh University believe there is a “weakness” in the way central... 

Portuguese people protesting against austerity measures The economic crisis in Portugal is forcing an increasing number of people in the recession-mired eurozone country to turn to food banks for help. “We have more people asking for our help every year, the list is growing so fast that we had to do something that isn’t our policy: create a waiting list,” said Rogerio Figueira, a volunteer with... 

Russian President Vladimir Putin Russian President Vladimir Putin says that the banking crisis in Cyprus has revealed the unreliability of Western financial institutions. In an interview on Friday with Germany’s state-owned ARD television before an April 7 visit to the European nation, Putin accused Cypriot and European Union leaders of undermining confidence in Europe’s banks by taxing deposits... 

Cypriot President Nicos Anastasiades Cypriot President Nicos Anastasiades says no one, not even members of his own family, will be immune to investigations of alleged financial wrongdoing in the run-up to an international bailout deal. Anastasiades made the remarks on Monday evening in reaction to reports accusing his relatives of transferring millions of euros out of the island state to London. A... 

It would be naive to believe that the destruction of the Cyprus offshore zone was a “terrible mistake” of European politics made in a noble struggle with offshore companies in general or those where Russian oligarchs are laundering their money. The analysis shows that this is a part of the plan for building a new world order required for the forthcoming collapse of the U.S. debt pyramid.... 

Traders at work at the Frankfurt Stock Exchange European stock markets have plunged after Cyprus struck a 10-billion-euro ($13 billion) bailout deal to save the country from bankruptcy. The stocks fell on Monday afternoon after Dutch Finance Minister Jeroen Dijsselbloem, who heads the Eurogroup of eurozone finance ministers, said that the Cyprus model, which includes a heavy tax on bank deposits, could...