The euro has dropped in value following the electoral defeat of ruling parties in France and Greece. The euro has dropped in value following the electoral defeat of ruling parties in France and Greece as new anxiety about the fate of EU austerity policies rattles financial markets. The currency sank to 1.29 dollars on Monday, its lowest level since January, after Socialist Francois Hollande beat President... 

Francois Hollande on giant screen behind supporters after winning the second round of the presidential election on May 6, 2012 in Tulle, France First official results show Socialist Party candidate Francois Hollande has defeated incumbent President Nicolas Sarkozy, who managed to secure only 48.1 per cent of the votes. Sarkozy has conceded defeat, asking that Hollande’s victory be respected. The... 

A grim Ministry of Finance report circulating in the Kremlin today states that the shocking record rise this past week of the United States outstanding debt to $15.692 trillion (just $600 billion short of their debt ceiling) has pushed the world’s most powerful economy into a situation of its outstanding obligations now being 101.5% of its entire gross domestic product (GDP), which when coupled... 

Jobseekers queue at a job center in Madrid The eurozone unemployment rate has hit a record high in March, rising to 10.9 percent for the first time for 15 years, official figures show. The European Statistics Office, Eurostat, announced on Wednesday that almost 17.4 million men and women, over three million of whom were under 25, looked for work in the zone in March which is about 170-thousand more... 

The Prime Minister of the Netherlands, Mark Rutte, has submitted his letter of resignation to Queen Beatrix after entering into a governmental coalition with the extreme right-wing Freedom Party, led by Geert Wilders, which had refused to support the budget reduction. His resignation was immediately accepted. The Netherlands, is one of many European countries which still supports the “AAA”... 

Angela Merkel (left) and Francois Hollande (right) German Chancellor Angela Merkel and French Socialist Party presidential candidate Francois Hollande have had a war of words over how to handle the European debt crisis. It is “not for Germany to decide for the rest of Europe”, Hollande, who is the favorite in France’s May 6 run-off election, said on Friday, The Daily Telegraph reported. He... 

Marine Le Pen, who heads France's National Front party, has highlighted the country's right to defend its national identity France’s politics would appear to be in deceptively rude health. As Sunday’s first stage of the country’s two-round presidential election approaches, the vital indicators return vivid signs of life. Mass meetings in Paris and elsewhere have drawn numbers and passion... 

Despite the European Union’s sanctions against Iran’s oil sector, oil and gas companies from 15 European states have thus far put in a request to take part in Tehran’s 17th International Oil, Gas, Refining, and Petrochemical Exhibition. “So far, 1,255 domestic and foreign companies from 44 countries have registered to take part in this international exhibition,” Eshaq Rouyvar, the director... 

Iran bans imports of goods from 100 European firms Iran reportedly plans to ban imports from European companies as part of its countersanctions against the European Union (EU). Deputy President of Iran Trade Promotion Organization Sasan Khodaei confirmed that Iran has banned imports from 100 European countries. In an interview with Press TV on Wednesday, Khodaei said Tehran has imposed sanctions against... 

The Portuguese Government is convinced that the ongoing austerity measures and economic restructuring will enable the country to return to the credit market in 2013, but recent projections refute this assertion. Foreign politicians and economists predict that Portugal, like Greece, will exit the Eurozone. What do the Portuguese think about this? According to Ernst & Young, if the interest rate... 

European stock markets have dropped sharply, wiping out gains from the day before, amid fears that the eurozone debt crisis is resurfacing. European stock markets ended lower on Tuesday, with the Spanish stock market the worst hit, as the IBEX 35 index shed 2.7 percent, AFP reported. In Milan, FTSE MIB index also traded over two percent lower and Frankfurt’s DAX and Paris’ CAC 40 slumped 1.05... 

Another scandal is brewing in the relations between Belarus and the European Union. This time, it goes about the death sentences against two young men, who were found guilty of conducting the terrorist act in the subway system of the Belarusian capital, Minsk. The largest terrorist act in the history of Belarus took place on April 11, 2011. The explosion ripped through the busiest station of the Minsk... 

The national hero of France, Joan of Arc (1412 – 1431), is unforgotten. Joan said she had divine visions that instructed her to recover her homeland from Anglo-Saxon domination. Marine Le Pen, France’s leader of Front National, who is currently running as candidate for the presidential elections in April and May 2012, does not say where her visions come from, but they seem to tell her... 

The European Parliament adopted an ambiguous resolution on the presidential elections in Russia. The resolution serves two masters, as they say. On the one hand, the European Parliament described the electoral process in Russia as “not free and unfair.” On the other hand, the parliament is optimistic about the future and the further dialogue with Russia. However, Russia could expect nothing... 

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...