As EU countries battle the financial crisis with austerity, average citizens get hurt while unemployment rises and social programs disappear. Up to 146 million Europeans are at risk of falling into poverty by 2025, the head of Oxfam’s EU office told RT. If the damage being inflicted by the European Union’s austerity measures is not reversed, the number of people trapped in poverty will increase... 

Just 10 days until a possible US government shutdown, the House of Representatives passed a bill that keeps the government open but defunds the 2010 affordable Care Act, known as Obamacare. The House vote was 230-189. The Republican-drafted continuing resolution, or CR, keeps the government open until December 15. The CR would also cut spending on food stamps for the poor by $40 billion over 10 years. Republicans... 

The bailout would save Cyprus from bankruptcy and possibly guarantee its future in the eurozone. International Monetary Fund (IMF) has agreed to grant 84.7 million euros (USD 113.1 million) in financial aid to Cyprus, as part of a 10-billion-euro bailout program to the debt-stricken country. On Monday, the IMF said it agreed, in partnership with the European Union, on the bailout package for Cyprus,... 

The main question ahead of the key Fed meeting on Tuesday is whether the world’s largest economy can survive on less government monetary stimulus. Data shows the economy is still luke-warm but politics will encourage the Fed to slow quantitative easing. Chair Ben Bernanke gave strong hints in August that the Fed would decide to begin tapering its stimulus in September. If he reneges it could destabilize... 

Tens of thousands of Polish demonstrators and trade unionists have marched through Warsaw Saturday after four days of protests against Prime Minster Donald Tusk’s center-right government. The Solidarity trade union movement has been planning to send 100,000 of its members on the march and they are expected to be joined by two other unions with hundreds of busses already converging on Warsaw. First... 

Spain public debt has climbed to record 92.2 percent of the country’s gross domestic product (GDP) for the second quarter of this year amid deteriorating financial woes. The Bank of Spain announced on Friday that the Spanish debt for the period between April and June surpassed the government’s year-end target of 91.4 percent of GDP, reaching the unprecedented 92.2-percent level. This is while... 

Official data shows Greece’s unemployment rate rose to a new record high in July as the country continues to grapple with a recession-hit economy following the implementation of tough austerity measures. The Greek Statistical Authority said on Thursday that the jobless rate rose to 27.9 percent in July from 27.6 percent in June, marking a sharp rise compared to last year when the jobless rate stood... 

Greeks protest against the government’s austerity measures and the layoff of public workers during a rally in the city of Thessaloniki on September 7, 2013. Greeks have taken to the streets in yet another mass anti-austerity demonstration despite the government’s talk of improvement in the recession-hit economy. Thousands of people, including union workers, rallied in the country’s second largest... 

A woman holds the Greek flag during an anti-austerity protest, July 13, 2013. A European Union official says Greece will need more rescue funds from its international creditors as the current rescue loan program expires at the end of 2014, amid economic slump in the European country. “Greece’s trouble will not have been completely resolved by 2014. It’s realistic to assume that additional... 

In the Brazilian city of Sao Paulo, thousands of people have demonstrated against corruption and income inequality in the country. During the protests on Friday, demonstrators called for reshuffling of the country’s political and economic system. Protests were also held in several other cities including Rio de Janeiro. Angry protesters looted a major bank and national media giant Globo TV headquarters,... 

Everyone got used to the largest officially announced U.S. national debt of 16 trillion dollars. Moreover, despite the dire predictions, the global economy seems to be more or less stable, and recently liberal media have been happily reporting GDP growth in the United States and the European Union. However, it is not all that great. Let’s start with statistics. A number of researchers have conducted... 

Few would argue that a logo is the “face” of the company and has a certain impact on the popularity of various brands. Incidentally, logos of popular brands are not always created by ‘cool’ designers and are expensive. Here is the history of some of them. The first Citroen logo was designed personally by the founder Andre Citroen, and was free for the company. The exact amount... 

German finance minister, Wolfgang Schäuble, has unexpectedly said that Greece will need more financial help, admitting for the first time that $328 billion pledged so far won’t be enough to save Greece from bankruptcy. Schäuble’s surprise admission of this deeply unpopular prospect comes at a sensitive time for his party. Germany will hold a general election on September 22. “There... 

The number of people living on less than $2 a day per person increased from 636,000 in 1996 to about 1.65 million in 2011. The number of Americans living on less than $2 a day per person, soared by 160 percent from 1996 to mid-2011, a new report finds. The report by the National Poverty Center (NPC) indicates that the number increased from 636,000 in 1996 to about 1.65 million in 2011. The figure of... 

A German flag flies in front of the Bundesbank headquarters in Frankfurt. A report has revealed a document showing Germany’s central bank predicts that the recession-hit Greece will need more rescue loans from its international creditors by the start of the next year. According to the report published by prominent German magazine Der Spiegel earlier this week, the document from the Bundesbank...