The West is mercilessly criticizing the Argentine government for a policy of debt reduction, maintaining of solvency and promotion of local producers. All this is because the country did not resort to the loaded assistance by the IMF or World Bank. Now many Argentines believe that the events of 2001 are being repeated, but the situation is still far from the dead end like in Europe. Argentine President... 

A financial analyst says the eurozone bankers and policy makers are responsible for the bloc’s deepening economic crisis, Press TV reports. “The eurozone is really not in the bad shape that the policy makers tell us it is in. They are basically extorting us into accepting things like transforming the European stability mechanism, the new financing fund into a bank which allows them to get ten... 

People look for job offers outside a local employment office in Ahens on May 22, 2012. The number of people unemployed across the 17 countries that share the euro currency has hit a record high in June, official figures show. New data released by the Eurostat, the EU’s statistics office on Tuesday shows that 17.801 million people were out of work in the eurozone in June. The new figure is 123,000... 

German Chancellor Merkel attends a session of German parliament (Bundestag). Support has sharply declined for German Chancellor Angela Merkel’s decisions regarding the eurozone’s spiraling debt crisis, a survey suggests. The poll, conducted by YouGov and printed in the Monday edition of Bild newspaper, found only 33 percent in favor of Merkel’s stance, Reuters reported. The steep erosion in domestic... 

As every Olympic athlete knows, size matters. The London 2012 medals are the largest ever in terms of both weight and diameter – almost double the medals from Beijing. However, just as equally well-known is that quality beats quantity and that is where the current global austerity, coin-clipping, devaluation-fest begins. The 2012 gold is 92.5 percent silver, 6.16 copper and… 1.34 percent gold,... 

Europe drags the United States of America to the bottom, languishing from the global financial crisis. Tourism, trade and the raw materials industry, which previously supported the economy, are no longer in demand. Close economic relations between the US and the EU have brought the European crisis to the United States. Mark Vitner, a senior economist at Wells Fargo, conducted a research, which showed... 

Spain’s unemployment rate reaches 24.63 percent. Spain says its unemployment rate for the second quarter of the current year has reached the record high of 24.63 percent. According to the new figures released by the government of Friday, nearly 5.7 million Spaniards are now out of work. The country also says that almost 53,500 people lost their jobs between April and June alone. The jobless rate... 

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... 

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... 

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... 

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... 

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... 

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... 

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... 

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...