A grim Ministry of Finance report circulating in the Kremlin today states that the shocking record rise this past week of the United States outstanding debt to $15.692 trillion (just $600 billion short of their debt ceiling) has pushed the world’s most powerful economy into a situation of its outstanding obligations now being 101.5% of its entire gross domestic product (GDP), which when coupled... 

Jobseekers queue at a job center in Madrid The eurozone unemployment rate has hit a record high in March, rising to 10.9 percent for the first time for 15 years, official figures show. The European Statistics Office, Eurostat, announced on Wednesday that almost 17.4 million men and women, over three million of whom were under 25, looked for work in the zone in March which is about 170-thousand more... 

May Day demonstrators protest in Paris, France, May 1, 2012 Tens of thousands of Europeans have held huge rallies and coordinated general strikes for May Day to protest against tough austerity measures and poor economic conditions. Workers across the world have taken to the streets to mark the International Workers Day, the annual May Day workers’ event held on May 1 – with demonstrators... 

The Prime Minister of the Netherlands, Mark Rutte, has submitted his letter of resignation to Queen Beatrix after entering into a governmental coalition with the extreme right-wing Freedom Party, led by Geert Wilders, which had refused to support the budget reduction. His resignation was immediately accepted. The Netherlands, is one of many European countries which still supports the “AAA”... 

A chilling Ministry of Finance report circulating in the Kremlin today states that the Obama Regime has begun instituting what can only be described as one of the most brutal assaults of human rights and freedoms after it effectively banned all protests against the US government under penalty of the offender being sentenced to 10 years in the American Gulag. The Ministry of Finance of the Russian... 

Dutch Prime Minister Mark Rutte Dutch Prime Minister Mark Rutte has handed his government’s resignation to Queen Beatrix after talks on reducing the country’s budget to meet European guidelines failed. The government information service announced on Monday that the Queen accepted Rutte’s resignation and asked him to tend to urgent matters of the state until elections possibly as early as... 

Millions of Americans may lose homes for debt. Millions of Americans are at risk of losing their homes due to mortgage debt. The finding is by a group of experts from the International Monetary Fund, haning prepared an analytical report on the prospects of the global economy. “About 2.5 million owners of apartments and homes in the U.S. have lost their homes. Other 1,500,000 have systematically... 

Italian metalworkers march during a protest in Rome on March 9, 2012. Italy’s main labor unions have staged rallies in the capital Rome to protest Prime Minster Mario Monti’s pension reforms that is expected to trap many workers in a legal limbo without retirement pay. The plan will see the retirement age raised and that younger workers will collect smaller pensions than their parents. Monti’s... 

The Egan-Jones agency has downgraded the US credit rating for the second time to AA as debt to GDP surpasses the 100 percent mark and is worsening. Press TV has interviewed Allen Roland, freelance alternative press online columnist in Sonoma California about the latest down grade adjustment to the US economy; how the administration is performing their duty to accurately inform Americans; and how this... 

A shattering report from RIA Novosti’s Washington D.C. bureau appears to prove that the mainstream press in America has become nothing more than a propaganda arm of the Obama regime when during a White House news briefing this past week they were effectively ordered not to report on this past weeks credit rating cut of US government debt. The Russian International News Agency (RIA Novosti) is a... 

Protesters scuffle with police during a rally at central Syntagma square in Athens on April 5, 2012. Greek police have clashed with demonstrators in Athens for a second day after a senior pensioner committed suicide over economic hardship. On Thursday, riot police attacked protesters with teargas and flash grenades on Athens’ main Syntagma Square where hundreds of demonstrators had gathered to protest... 

The Portuguese Government is convinced that the ongoing austerity measures and economic restructuring will enable the country to return to the credit market in 2013, but recent projections refute this assertion. Foreign politicians and economists predict that Portugal, like Greece, will exit the Eurozone. What do the Portuguese think about this? According to Ernst & Young, if the interest rate... 

European stock markets have dropped sharply, wiping out gains from the day before, amid fears that the eurozone debt crisis is resurfacing. European stock markets ended lower on Tuesday, with the Spanish stock market the worst hit, as the IBEX 35 index shed 2.7 percent, AFP reported. In Milan, FTSE MIB index also traded over two percent lower and Frankfurt’s DAX and Paris’ CAC 40 slumped 1.05... 

Over two-thirds of the employees in local government and schools who have lost their jobs since the general election in 2010 are women, warns the GMB union. A new study by the public services union on the latest official figures for employment in councils between the first quarter of 2010 and the third quarter of 2011, showed that there are 36 councils in England and Wales where the fall in the number... 

Spanish workers hold an anti-austerity march in Madrid, March 23, 2012. Spanish workers in the industrial sector have staged a demonstration in Madrid to protest against the government’s tough austerity measures amid mounting fears of the country’s economic meltdown. The demonstrators staged a march in the capital on Friday to demand an end to the government’s cutbacks and labor reforms,...