Home » Posts tagged with "Economic Meltdown"


Cyprus imposes ATM withdrawal limit of €100 per day for island's two largest banks

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The central bank in Cyprus has imposed an ATM withdrawal limit of 100 euros per day for the island’s two biggest banks, in order to prevent a run on lenders. A spokesman for the country’s second largest lender, Cyprus Popular Bank, told Reuters that the new measure began at 1pm local time (11am GMT) and would remain in place until the bank reopens, or until confirmation of continued emergency... 

Spanish workers march against cutbacks, labor reforms

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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,... 

Massive crowds descend on Yemen capital to demand ruler’s exit

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Huge crowds across Yemen demanded on Friday that President Ali Abdullah Saleh leave after months of unrest which has put the Arab world’s poorest country on the brink of an economic meltdown. But in a defiant speech to thousands of flag-waving supporters in the Yemeni capital, Saleh declared: “We will confront a challenge with a challenge.” Three people were killed and 15 wounded... 
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