China claims restrictions on solar panels exports would hurt the global clean energy sector after the EU Commission launched a probe into suspected dumping by Chinese panel makers. ­The investigation by the Commission was triggered by a group of 25 European solar companies in Germany, Italy and other EU countries, which filed the biggest anti-dumping claim. The group, led by Germany’s SolarWorld,... 

Moody’s ratings agency has downgraded its outlook on the Aaa rating of the European Union from ‘stable’ to ‘negative,’ linking the decision to a recent outlook downgrade of the bloc’s major economies. “The negative outlook on the EU’s long-term ratings reflects the negative outlook on the Aaa ratings of the member states with large contributions to the EU budget: Germany, France,... 

Employees work on a solar panel production line at a solar company workshop in Hefei, Anhui province, China. German Chancellor Angela Merkel has called for a frank assessment of a solar panel trade dispute with China. The EU is mulling an anti-dumping inquiry into China after the US took similar action in one of the world’s fastest-developing markets. “I suggest the European Commission and... 

China is considering buying more EU government bonds amid a worsening European debt crisis in order to support its biggest trading partner, according to Chinese Premier Wen Jiabao. “China is willing, on condition of fully evaluating the risks, to continue to invest in the eurozone sovereign debt market, and strengthen communication and discussion with the European Union, the European Central... 

The European currency euro logo stands in front of the European Central Bank (ECB) in Frankfurt, Germany. Business confidence has dropped in Germany to its lowest level in more than two years amid pessimism over the eurozone’s deteriorating debt crisis, data show. According to the German research institute, Ifo, the country’s Business Climate Index fell to 102.3 points in August from 103.2 points... 

The United States might officially be the worst neighbor on Earth: the US now owes its allies $5.2923 trillion, the most money the country has ever been indebted to its foreign friends in the history of the nation. Statistics released this week by the US Treasury indicate that, as of June 2012, the United States has borrowed bucks from most of the world’s major countries and has accumulated a debt... 

Austria’s Foreign Minister Michael Spindelegger Austria’s foreign minister has called on the eurozone countries to create an exit mechanism, which would allow that the failing member states be expelled from the single-currency bloc. “We need to create ways to be able to eject someone from the eurozone,” AFP quoted Michael Spindelegger, who is also the country’s deputy chancellor,... 

Jobless Greeks line up outside an unemployment bureau in Athens Unemployment rate in crisis-struck Greece hit an all-time high of 23.1 percent in May as the country struggles through a fifth year in recession, says the national statistics agency. New data, released by Elstat on Thursday, showed that 1.15 million people were out of work in Greece, compared with 3.82 million, who had jobs. The jobless... 

A nation can survive its fools, and even the ambitious. But it cannot survive treason from within. An enemy at the gates is less formidable, for he is known and carries his banner openly. But the traitor moves amongst those within the gate freely, his sly whispers rustling through all the alleys, heard in the very halls of government itself. For the traitor appears not a traitor; he speaks in accents... 

A financial analyst says the eurozone bankers and policy makers are responsible for the bloc’s deepening economic crisis, Press TV reports. “The eurozone is really not in the bad shape that the policy makers tell us it is in. They are basically extorting us into accepting things like transforming the European stability mechanism, the new financing fund into a bank which allows them to get ten... 

People look for job offers outside a local employment office in Ahens on May 22, 2012. The number of people unemployed across the 17 countries that share the euro currency has hit a record high in June, official figures show. New data released by the Eurostat, the EU’s statistics office on Tuesday shows that 17.801 million people were out of work in the eurozone in June. The new figure is 123,000... 

German Chancellor Merkel attends a session of German parliament (Bundestag). Support has sharply declined for German Chancellor Angela Merkel’s decisions regarding the eurozone’s spiraling debt crisis, a survey suggests. The poll, conducted by YouGov and printed in the Monday edition of Bild newspaper, found only 33 percent in favor of Merkel’s stance, Reuters reported. The steep erosion in domestic... 

Europe drags the United States of America to the bottom, languishing from the global financial crisis. Tourism, trade and the raw materials industry, which previously supported the economy, are no longer in demand. Close economic relations between the US and the EU have brought the European crisis to the United States. Mark Vitner, a senior economist at Wells Fargo, conducted a research, which showed... 

Peter Sutherland’s global migration forum brings together 160 nations to discuss policy Anyone who doubts that there is a deliberate plan to destroy Europe should carefully read this BBC news story, which reports: “The EU should do its best to undermine the homogeneity of its member states, the UN’s special representative for migration has said. Peter Sutherland told peers the future prosperity... 

Spain’s unemployment rate reaches 24.63 percent. Spain says its unemployment rate for the second quarter of the current year has reached the record high of 24.63 percent. According to the new figures released by the government of Friday, nearly 5.7 million Spaniards are now out of work. The country also says that almost 53,500 people lost their jobs between April and June alone. The jobless rate...