The Swiss Army is preparing contingency plans for violent unrest across Europe. A nation mostly famous for its banks, watches and chocolate fears it may face a massive influx of European refugees in the near future. One of the world’s richest nations openly expressed concerns over the possible outcome of Europe’s continuing financial troubles, and is currently conducting army exercises against... 

What would it be like to schedule a ‘no food’ day for your family, because food prices are too high? As men play with God-like powers such as weather modification, parts of the world suffer from drought and famine. Coincidence or Not? In some parts of the US and the world crop yields are at all time lows since the 1970′s. In fact parts of the US have sustained record drought levels in 2012. Thus... 

Rating agency Standard & Poor’s has downgraded Spain’s credit rating by two notches, warning that the deepening economic recession is limiting the government’s options. S&P warned that rising unemployment and harsh austerity measures are likely to intensify social unrest and cause further friction between Spain’s central and regional governments. “The downgrade... 

Greek pensioners shout slogans while marching in central Athens to protest the new austerity cuts on October 8, 2012. Greek police in the capital city of Athens have clashed with pensioners protesting against the government’s new round of austerity measures. On Monday, hundreds of Greek pensioners staged a rally outside the office of the European Union (EU) in Athens where police officers used batons... 

Business Secretary Vince Cable says the UK economy is “in a very deep crisis”. The British Business Secretary Vince Cable says the UK economy is currently “in a very deep crisis”. Cable told the state-run BBC that it is “very difficult” to predict when the UK economy would recover from the recession and resume growth. Meanwhile, the Markit/Cips purchasing managers’ index (PMI) for services... 

An analyst says people across the European Union countries must fight against the global banking cartel, which is controlling economies all over the world, Press TV reports. “The competitiveness is they control the system and the people in these nations they fight over the scraps. It’s ridiculous,” said Chris Dorsey, an economist and banking analyst, in a Monday interview with Press TV. “I... 

The public sector debt in France soared to over 90 percent of the GDP in the second quarter of 2012. New figures show that France’s public sector debt soared to over 90 percent of the crisis-hit country’s gross domestic product (GDP) in the second quarter of 2012. According to official figures released by France’s National Statistics Institute (INSEE) on Friday, the debt has increased by 43.2... 

Madrid riot police have cleared Plaza de Neptune of protesters, with about 200 officers securing the surrounding blocks. At least 60 people have been injured and 26 arrested as police used batons and rubber bullets to disperse the crowd. ­Local emergency services have confirmed that at least 60 people, including eight policemen, were injured in clashes between police and protesters, El Pais reports.... 

The EU and Spain are trying to come to terms over a rescue plan for the debt ridden European economy. The government remains unwilling to apply for international aid, but analysts say asking for a bailout is essential. A new Spanish rescue programme to be announced next Thursday will be focused on the measures international lenders would ask in return for a bailout. As the ECB money always comes with... 

Major US financial services corporation Bank of America plans to slash 16,000 jobs by the end of the year as part of an extensive cost-cutting measure to make the institution more profitable. Following the planned reduction in the Bank’s workforce, the multinational US company would no longer hold its current title as the American banking industry’s largest employer, the Wall Street Journal reported... 

People wait in line with boxes to carry food from a food bank in northern New York in June. New official data show that the US government has failed to reduce the level of poverty in the country amid weak economic growth. The US Census Bureau said in an annual report on Wednesday that 46.2 million Americans are still living below the poverty line. The overall poverty rate stood at 15 percent in 2011,... 

Hewlett-Packard (HP) is planning to cut 2,000 more jobs, expanding total job cuts to nearly 29,000 in its latest reorganization efforts, the company said in a document Monday. In a regular filing with the U.S. Securities and Exchange Commission, the world’s largest personal computer maker said it expects to “eliminate approximately 29,000 positions in connection with the 2012 Plan through... 

Greek Finance Minister Yiannis Stournaras talks to the press after meeting with the EU-IMF-ECB troika at the prime minister’s office in Athens on September 10, 2012. Greek Finance Minister Yannis Stournaras says the cash-strapped euro member has offered its multi-billion-euro austerity program to its troika of international auditors. “We have submitted the 11.5-billion-euro ($14.7 billion)... 

David Frum, the American-Canadian journalist, editorialist and political writer makes a shocking prediction in his opinion column in CNN: that 2013 will be the stage of a worldwide catastrophe, a serious global crisis caused by a food shortage which will send dark clouds gathering over the world economy like never before. In his piece dated September 3 “Why 2013 will be a year of crisis”,... 

Thousands have taken to the streets throughout Greece to protest the drastic budget cuts proposed by the government. In Athens some 2,000 pensioners marched through the city to protest newly introduced pension cuts. It was announced that those who earn more than 1,000 euros a month will have 10 percent of their pensions axed. This is despite a 25 per cent cut over the last two years. “They have...