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... 

Since 2010, the UN Food and Agricultural Organization have stated that the rise in food prices is directly correlated to the 80 million people being added to the world’s population annually. This fact, according to the globalists at the UN, is beginning to “tax both the skills of farmers and the limits of the earth’s land and water resources.” Added to this problem are the 3 million people... 

Portuguese protesters hold banners with anti-government policy messages during a protest against austerity measures, on the day of the general strike, in Lisbon on November 24, 2011. Portugal’s main trade union, the General Confederation of Portuguese Workers (CGTP), has fiercely condemned as a “declaration of war against workers” a new set of austerity measures introduced by the government... 

China claims restrictions on solar panels exports would hurt the global clean energy sector after the EU Commission launched a probe into suspected dumping by Chinese panel makers. ­The investigation by the Commission was triggered by a group of 25 European solar companies in Germany, Italy and other EU countries, which filed the biggest anti-dumping claim. The group, led by Germany’s SolarWorld,... 

A new shocking report reveals that the world could soon experience a severe food crisis as historic drought affects almost the entire world. US experts have warned that America’s 2012 drought may have devastating consequences, worse than the 2008 global food crisis when the prices soared so high that they triggered riots and unrest to parts of Africa, the Middle East, and Latin America. The... 

As the economic and financial systems of the world rapidly approach the real possibility of total collapse, signs of what we can expect on a mass scale in the near future are beginning to appear throughout Europe. In Spain, a country that just a few years ago was heralded as a shining example of real estate entrepreneurship, international tourism and a rising middle class, the situation is so bad... 

Moody’s ratings agency has downgraded its outlook on the Aaa rating of the European Union from ‘stable’ to ‘negative,’ linking the decision to a recent outlook downgrade of the bloc’s major economies. “The negative outlook on the EU’s long-term ratings reflects the negative outlook on the Aaa ratings of the member states with large contributions to the EU budget: Germany, France,... 

Thousands of US homes are in critical disrepair as the country continues to suffer from this summer’s record-breaking drought. And the damages are unlikely to be paid by insurance companies. ­As moisture is sucked away from the ground, houses are shifting, cracking and racking up huge repair bills for surprised homeowners – bills that insurance companies rarely ever cover. Some repairs have topped... 

Employees work on a solar panel production line at a solar company workshop in Hefei, Anhui province, China. German Chancellor Angela Merkel has called for a frank assessment of a solar panel trade dispute with China. The EU is mulling an anti-dumping inquiry into China after the US took similar action in one of the world’s fastest-developing markets. “I suggest the European Commission and... 

In June of 2012, Eric Bloom, former chief executive, and Charles Mosely, head trader of Sentinel Management Group (SMG) were indicted for stealing $500 million in customer secured funds. Both Mosely and Bloom were accused of “exposing” customer segregated funds “to a portfolio of highly risky derivatives.” These customer funds were used to “back up personal investments” which were part... 

The police detain a university student during a protest in Montreal on June 9, 2012. Administrators at the University of Montreal (UdeM), the most prestigious French-speaking University in North America, have been forced to cancel dozens of classes for the rest of the week for fear of fresh protests. The university issued a notice in Tuesday evening, saying that it had suspended classes in the departments... 

China is considering buying more EU government bonds amid a worsening European debt crisis in order to support its biggest trading partner, according to Chinese Premier Wen Jiabao. “China is willing, on condition of fully evaluating the risks, to continue to invest in the eurozone sovereign debt market, and strengthen communication and discussion with the European Union, the European Central... 

The European currency euro logo stands in front of the European Central Bank (ECB) in Frankfurt, Germany. Business confidence has dropped in Germany to its lowest level in more than two years amid pessimism over the eurozone’s deteriorating debt crisis, data show. According to the German research institute, Ifo, the country’s Business Climate Index fell to 102.3 points in August from 103.2 points...