Two months after libertarian firebrand Javier Milei was elected president of Latam basket case Argentina, pledging to overhaul the economy and openly warning a period of brutal austerity and pain is coming, the initial euphoria is fading fast and is being replace with the shock and horror of what comes next. And sure enough, in the biggest show of resistance to date against Milei, Argentinian workers... 

The International Monetary Fund (IMF) has given the green light to release $4.7 billion for Argentina in a move tied to a comprehensive debt restructuring strategy, despite the nation falling short of benchmarks related to its $43 billion loan initiative. This decision was made public on Wednesday. Argentina is grappling with a profound economic crisis, considered the most severe in two decades. The... 

Amid heated demonstrations and clashes with armor-clad riot police over new austerity measures, protesters stormed Ecuador’s parliament building – left empty after the government relocated – for a brief rally. Scores of protesters could be seen inside the national assembly building in videos posted to social media on Tuesday, some waving flags at the chamber’s podium, with others chanting... 

Members of the French Communist Party stage a mock protest outside the headquarters of Swiss bank HSBC on the Champs-Elysees avenue, on February 26, 2015 in Paris. Communist protesters held a mock arrest of HSBC’s CEO as anger towards high finance continues to mount in austerity-wracked France. The Swiss arm of HSBC is being investigated in France over leaked files which allege the bank masterminded... 

The German government has struck a deal with the “Jewish Claims Conference” that will pay 772 million Euros (1 billion dollars) over 3 years as additional reparations to solely Jewish individuals that lived in German occupied territories in World War II. This money is not only for Jews that were imprisoned in concentration camps, but also applies to Jews who lived in open Ghettos within the German... 

The German parliament has voted in favor of the EU’s permanent bailout scheme and more lenient budget rules. Chancellor Merkel has been criticized with making a U turn in policy, easing borrowing costs on flagging banks without additional austerity. “Today Germany, with the approval of the fiscal pact and the ESM [European Stability Mechanism] by all parties in both houses of parliament, will... 

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...