“German” Minister of Economy Philipp Roesler has expressed disillusionment with debt-ridden Greece’s endeavors to implement reforms to save its economy. “I’ve lost my illusions,” Roesler told the weekly magazine Focus in an interview to be printed on Monday. “I proposed with German businesses a whole series of support measures for the Greek government,” he said. “The... 

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... 

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... 

A shocking Federal Service for Military-Technical Cooperation (MTC) report red-lined to President Putin this morning warns that “various elements” within the US Military establishment are “actively planning” for the overthrow of President Barack Obama prior to the November elections. According to this report, Russian Naval Infantry Forces commanders participating in Rim of the Pacific-2012... 

A home sale sign in Stockton, California, the United States, February 7, 2012 The city of Stockton in the US state of California is set to become the largest American city ever to declare bankruptcy as the financial troubles of the US deepen. A formal bankruptcy filing may come as early as Wednesday following the failure of negotiations between Stockton’s officials and creditors. The northern... 

Portuguese workers protest in a demonstration against the government’s austerity measures, Lisbon, June 16, 2012. People in Portugal have staged a protest rally against the government’s austerity measures imposed to help cap the country’s public debt. Thousands took to the streets of Lisbon on Saturday following a much larger rally in the northern city of Oporto last week. They condemned... 

Spain’s Minister of Finance and Public Administrations Cristobal Montoro The Greek stock market has plummeted 5.9 percent after Standard & Poor’s credit rating agency warned that the country has a one-in-three chance of leaving the eurozone. The minister made the remarks on Tuesday, admitting that Spain’s high borrowing costs have shut out bond markets at a time when the country seeks... 

German Chancellor Angela Merkel left little ground to hope she would abandon or moderate the austerity program for Europe as she warned that growth on new loans would push the EU into deeper crisis. “Growth through structural reform is sensible, important and necessary,” she said during an address to the German Parliament. “Growth through debt would throw us back to the beginning of the... 

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... 

The Spanish government’s debt has hit a record high as Madrid struggles to cut expenses and escape the eurozone debt crisis. According to data published by Bank of Spain on Friday the country’s debt reached 734.96 billion Euros (USD 960 billion) at the end of 2010. This is equivalent to 68.5 percent of Spain’s gross domestic product (GDP), while three months earlier Spain’s public debt... 

Greek pensioners protesting in Athens. In Greece, angry pensioners have once again taken to the streets in the capital Athens to protest against the government’s tough spending cuts. The pensioners gathered to express opposition with lawmakers’ decision to slash another 325 million euros in wages, pensions, and jobs, as demanded by the European Union and International Monetary Fund (IMF) in order... 

French Prime Minister Francois Fillon delivers a speech during a press conference at Matignon, in Paris, Monday, Nov. 7, 2011. The French Prime Minister announces the country’s second austerity package in less than three months with the aim of protecting France from the widening eurozone crisis and avoiding credit rating downgrade. “The time has come to adjust France’s efforts. With... 

Announcement: Federal Reserve Chairman Ben Bernanke attends a news conference following a two-day policy session in Washington D.C. on Wednesday Europe’s debt crisis poses huge risks to America – while improvements in growth and unemployment are going to be much slower than first thought. Those were today’s dire warnings from the U.S. central bank, although it did note the strengthening in... 

West to East: EU officials have been refused help by China as the balance of power shifts. Hopes that China will ride to the rescue of the single currency were dealt a blow last night after Beijing warned that it will not be Europe’s ‘saviour’. State-run news agency Xinhua said the country cannot ‘provide a cure for the European malaise’. It came after European officials begged China for... 

European banks agreed early on Thursday to write off 50 per cent of Greek debt. The deal was reached during an emergency summit in Brussels overnight. The EU and the IMF will also give the country another one hundred billion euros in rescue loans. An agreement on expanding the bailout fund to one trillion euros followed immense pressure on EU leaders after multiple delays in anti-crisis action. Athens...