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Italy suffers record fall in income for 2012

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Italians staging a protest against austerity in Rome Official figures show that Italian households have experienced a record fall in income for 2012, as the country’s economy is expected to remain bleak. Italy’s national statistics agency Istat reported on Tuesday that the households’ purchasing power contracted by 4.8 percent last year, making it the worst result since 1990 for Eurozone’s... 

EU empire destroying people's freedom - Marine Le Pen

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European people are realizing that the EU is an empire that destroys their freedom and doesn’t protect them from economic, social or migratory difficulties, the leader of France’s National Front party Marine Le Pen told RT. Le Pen came third in the 2012 French presidential election with 18% of the vote, higher than expected. She is currently an MEP and believes it’s the best way to fight... 

More Portugese Need Food Assistance

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Portuguese people protesting against austerity measures The economic crisis in Portugal is forcing an increasing number of people in the recession-mired eurozone country to turn to food banks for help. “We have more people asking for our help every year, the list is growing so fast that we had to do something that isn’t our policy: create a waiting list,” said Rogerio Figueira, a volunteer with... 

Cypriot president's family to be probed

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Cypriot President Nicos Anastasiades Cypriot President Nicos Anastasiades says no one, not even members of his own family, will be immune to investigations of alleged financial wrongdoing in the run-up to an international bailout deal. Anastasiades made the remarks on Monday evening in reaction to reports accusing his relatives of transferring millions of euros out of the island state to London. A... 

European stock markets plunge on Cyprus deal

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Traders at work at the Frankfurt Stock Exchange European stock markets have plunged after Cyprus struck a 10-billion-euro ($13 billion) bailout deal to save the country from bankruptcy. The stocks fell on Monday afternoon after Dutch Finance Minister Jeroen Dijsselbloem, who heads the Eurogroup of eurozone finance ministers, said that the Cyprus model, which includes a heavy tax on bank deposits, could... 

President slashes own wages as Cypriots face €300 daily cash limit

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Cypriots queue for banks, which reopened after 12 days Thursday, as President Nicos Anastasiades cuts own wages by 25%. The Cypriot foreign minister promises banking restrictions will be lifted in “about a month”. A European Central Bank (ECB) spokesman confirmed that 5 billion euros were flown into Cyprus from Germany late Wednesday in time for the reopening of the banks on Thursday, The ECB... 

US Senate passes more Iran sanctions

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The U.S. Senate passed unanimously an amendment to its budget resolution on Saturday, March 24, which supported attempts to block Iran’s access to its foreign exchange reserves and limit Iran’s ability to transact in Euros. The amendment, proposed by Republican Mark Kirk of Illinois and Democrat Joe Manchin of West Virginia, follows a letter sent last month to European Council leaders by U.S.... 

Russian Leader Warns, “Get All Money Out Of Western Banks Now!”

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A Ministry of Foreign Affairs (MFA) “urgent bulletin” being sent to Embassies around the world today is advising both Russian citizens and companies to begin divesting their assets from Western banking and financial institutions “immediately” as Kremlin fears grow that both the European Union and United States are preparing for the largest theft of private wealth in modern history. According... 

Cypriot parliament rejects EU-IMF bailout tax on bank deposits

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Cypriot MPs vote on a controversial bailout package during a parliament session in Nicosia on March 19, 2013. The Cypriot parliament has voted against a revised bank deposit levy. The tax was meant to shave 9.9% off any deposits over €100,000 and has since caused uproar in the country. Thirty six deputies voted against the proposal to tax bank deposits in the 56-member chamber, while 19 abstained.... 

Europe Recoils In Shock After Bankster Raid, US Warned Is Next

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A truly grim Ministry of Finance (MOF) report circulating in the Kremlin today says that a state of “horror and shock” has descended upon the European Union this weekend after the unprecedented announcement that all of the bank depositors in Cyprus will be forced to give up a percentage of their savings in order to bailout their EU bankster overlords. According to this report, EU officials demanded... 

Thousands of Europeans demand end to Austerity

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A trade union representative gives a speech in Brussels, Belgium, against austerity policies on March 14, 2013. Thousands of Europeans have staged a rally near the European Union (EU) headquarters in Brussels to protest against anti-austerity measures. About 15,000 protesters and trade union representatives from Belgium, Britain, France, Germany and other European Union countries gathered in the Belgium... 

Europeans forfeit their freedoms to Brussels

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European Union (EU) member states have forfeited their political freedoms to a bunch of unelected officials in Brussels, an analyst tells Press TV. “Free trade is a great idea. I always support the idea of free trade among European countries – a wonderful idea. But giving up your political freedom to a central government that is virtually unelected? Are you kidding? They need to wake up,”... 

World Trembles As US Becomes Greatest Energy Nation In History

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A startling report prepared by Energy Minister Alexander Novak for President Putin that is circulating in the Kremlin today warns that the United States is preparing to overturn the entire global economic system as it nears becoming the greatest energy producing nation in all of human history. According to this report, Russian, in fact global, fears of American energy dominance were realized this... 

Turkey in the European Union

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Recently there have been more strident calls for Turkey to join the European Union from the Americans, Cameron, the Swedes and others. However Germany and France are opposed to this because they have large Muslim populations and have seen the results. Former French President Nicolas Sarkozy stated in January 2007 that “enlarging Europe with no limit risks destroying European political union,... 

Moldova government collapses in vote of no-confidence

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Prime Minister Vlad Filat. Moldova’s pro-European government has received a vote of no-confidence spurred on by rivalries within the three-party Alliance, leading to the collapse of the government. The ruling Alliance for European Integration fell on Tuesday after receiving a vote of no confidence, jeopardizing hopes of integration into the European Union as the country seemed to move closer towards... 
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