Britain’s Home Office is drawing up contingency plans to restrict the number of economic migrants from Greece and other European Union nations in case the euro collapses. ­EU rules allow citizens to work anywhere in any country in the single market, including the UK, with the exception of new members Romania and Bulgaria. People looking for work abroad may see Britain as an attractive option as... 

Ten years ago, the world’s youngest and most ambitious currency – the euro – became materialized. Twelve countries of the European Union launched the new monetary unit in circulation. The new currency was born in one of the largest cities of Germany – Frankfurt-am-Main – where the European Central Bank is headquartered. Citizens of Austria, Belgium, Germany, Ireland,... 

Where the eurozone crisis heads will depend not on whether Greece leaves the union, but on how the situation in the region affects debt-troubled Italy and Spain, Aleksey Bachurin, head of Russian Cash Equity Trading at Renaissance Capital, told RT. ­“The important thing is not Greece itself: it’s relatively small and the investments in Greece are already written down by most banks. But the potential... 

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... 

European Union leaders are expected in Brussels for their first summit of the year in attempt to reconcile austerity with growth and to approve a permanent rescue fund for the crisis-hit eurozone. The half day summit on Monday is meant to focus on ways to generate growth and create jobs, while having more austere fiscal measures for nations with unsustainable levels of debt. The summit coincided with... 

The charismatic Marine Le Pen has campaigned hard against free trade and the European Union, and has pushed the party’s traditional tough line on crime and immigration. Marine Le Pen said she would balance France’s books if elected president by leaving the euro, slashing immigration, taxing imports and tapping the central bank for cheap loans instead of the debt markets. The National Front leader,... 

Standard & Poor's has downgraded the credit ratings of several European nations. Standard & Poor’s has downgraded the credit ratings of France, Italy, and Spain, as the European debt crisis continues to intensify. According to French government sources, the ratings agency has downgraded the country’s Triple-A credit rating, while downgrading Italy and Spain’s ratings as... 

US Chairman of the Joint Chiefs of Staff General Martin Dempsey Chairman of the US Joint Chiefs of Staff General Martin Dempsey says the European Union faces potential breakup and civil unrest. “The eurozone is at great risk,” the top US officer told reporters on Friday, expressing doubt about the practicality of the measures taken by European leaders. Dempsey said it was not clear if the measures... 

Talks between Merkel and Cameron lay bare fundamental differences over plan for euro. An anti-British backlash gathered pace in Germany yesterday as David Cameron and Angela Merkel struggled to disguise the gulf between them on how to tackle the eurozone crisis. The Prime Minister returned from talks in Berlin with the German leader having made little progress in agreeing emergency action to stop... 

As the eurozone crisis continues to dominate European political business, Gunnar Wetterberg, an analyst at white collar union Saco, has stated the case for a Nordic Union and currency, to counter the threat of a euro collapse. Wetterberg argued in an opinion article in the Dagens Nyheter (DN) daily on Tuesday that a federal Nordic state would enable Scandinavian countries to be more resilient in the... 

Britain must decide on the nature of its relationship with the European Union European Union chiefs are drawing up plans for a single “Treasury” to oversee tax and spending across the 17 eurozone nations. The proposal, put forward by Herman Van Rompuy, the European Council president, would be the clearest sign yet of a new “United States of Europe” — with Britain left on the sidelines. The... 

Dollar exchange rate continues to rise, despite the enormous national debt and virtually pre-default state of the USA. Why? 
Mikhail Fedorov, analyst of “RIC-Finance”:
 “Today, because of the debt crisis the Eurozone and the U.S. became competitors in terms of their attractiveness to outside investment, and therefore their ability to fund their own public loans. In fact, they... 

The “endgame” in the eurozone’s debt crisis is fast approaching, analysts declared yesterday, amid growing warnings from politicians and bankers that the reality of a Greek default and possible exit from the eurozone can be denied no longer. German chancellor Angela Merkel and French president Nicolas Sarkozy will hold a conference call with Greek premier George Papandreou today,... 

Riot policemen spray tear gas as they clash with demonstrators in front of the Greek parliament on June 29, 2011 during a protest part of the 48-hour general strike against the bankruptcy-threatened government which is desperately trying to push through sweeping austerity cuts. Protests have spread across Europe as Greece, Italy and Spain are struggling to hold on to the euro. Meanwhile, residents... 

Former US Federal Reserve chairman Alan Greenspan. The euro is breaking down and the US economy is suffering because of Europe’s debt crisis, according to former US Federal Reserve chairman Alan Greenspan. “The euro is breaking down and the reason we’re so sluggish is the level of uncertainty,” Greenspan said at the Innovation Nation Forum in Washington DC on Tuesday, AFP reported. The...