Thousands of Spaniards attend an anti-austerity demonstration in the capital Madrid, on June 16, 2013. Thousands of Spaniards have staged rallies across the country to express resentment against austerity measures, recession and the soaring rate of unemployment in the country. The protests took place on Sunday in 29 cities including the capital Madrid, the country’s second-largest city, Barcelona,... 

The U.S. Justice Department found those to blame in the global crisis of the late 2000s. According to the American authorities, this is Standard & Poor’s. The accused is confused, while the U.S. Justice Department is preparing a lawsuit against the agency. It wants to make Standard & Poor’s accountable for publishing inflated ratings of mortgage bonds. Allegedly, this publication... 

The Fitch ratings agency has downgraded Argentina five notches, saying the country could default on its obligations to US creditors. That’s after a US judge ordered Argentina to set aside $ 1.3bn for debt repayment by December 15. The rating agency cut its long-term rating for Argentina to “CC” from “B,” with the short-term rating being cut to the level one step above default – to “C”...