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... 

Fitch says the downgrade reflects negative economic and market environment in Spain. Fitch credit ratings agency has downgraded Spain’s rating by three notches citing the country’s banking crisis, mushrooming debt and recession as the main reasons for the downgrade. The international agency announced on Thursday that it has cut Spain’s long-term foreign and local currency to ‘BBB’... 

Greece’s leader of the leftist SYRIZA coalition, Alexis Tsipras Greece’s left-wing coalition leader has ruled out austerity measures, receiving a mandate to form a new government as elections produced a stalemate in parliament. Greece’s leader of the leftist SYRIZA coalition, Alexis Tsipras, has ruled out budget-cutting austerity measures, opting to meet President Karolos Papaoulias in talks... 

Millions of Americans may lose homes for debt. Millions of Americans are at risk of losing their homes due to mortgage debt. The finding is by a group of experts from the International Monetary Fund, haning prepared an analytical report on the prospects of the global economy. “About 2.5 million owners of apartments and homes in the U.S. have lost their homes. Other 1,500,000 have systematically... 

French former IMF head Dominique Strauss-Kahn is seen upon arrival at his lawyer's office in Paris. Former International Monetary Fund (IMF) chief Dominique Strauss-Khan is to be question as a suspect for his participation in an alleged illegal prostitution ring in northern France. Police will question Strauss-Kahn on Tuesday for allegedly participating in a ring that organized sex parties at restaurants... 

Greek pensioners protesting in Athens. In Greece, angry pensioners have once again taken to the streets in the capital Athens to protest against the government’s tough spending cuts. The pensioners gathered to express opposition with lawmakers’ decision to slash another 325 million euros in wages, pensions, and jobs, as demanded by the European Union and International Monetary Fund (IMF) in order... 

Gendarme forces move toward protesters in Piata Universitatii square, Bucharest January 19, 2012. Romania’s Prime Minster Emil Boc has resigned following weeks of public protest against IMF-backed austerity measures amid the debt crisis sweeping the European Union. Announcing his resignation on Television on Monday, Boc said that he wanted to “defuse political and social tension” and... 

Anti-government protesters shout slogans in the Romania capital Bucharest on January 19, 2012. Romanian police have fired teargas canisters at demonstrators protesting against the government’s austerity measures in the Romanian capital Bucharest. On Thursday, the police arrested about 50 people, who allegedly threw bricks and bottles and other materials at them. Earlier on the day, thousands... 

Protesters waved Romanian flags with holes in them, symbolising the 1989 anti-communist revolution. Police officer seriously injured after resignation of Palestinian-born doctor over health reforms sparks mass protests. Romanian police have fired tear gas and clashed with protesters during an anti-government rally in the third consecutive day of demonstrations against austerity cuts and worsening... 

The building of the US Treasury Department in Washington DC The US Department of the Treasury has announced that the government’s budget deficit has climbed to USD1.3 trillion in the current fiscal year, fueling concerns about the country’s economic crisis. Washington’s 2011 budget deficit shows an increase of USD 0.01 trillion dollars from the US deficit in the fiscal year 2010,... 

Thousands crowd Lisbon's main Liberdade avenue during a demonstration Saturday, Oct. 1, 2011. Thousands of protesters have demonstrated in Portugal against the adopted austerity measures and declining living standards linked to the country’s massive bailout. The country’s largest trade union confederation, the General Confederation of the Portuguese Workers (CGTP), organized the rally... 

The cost of a decision last week to allow globalist vultures to metaphorically hog-tie Greece while the EU and IMF commences a good old fashioned economic pillaging of her state assets is a total evisceration of the country’s sovereignty, according to Eurogroup chief Jean-Claude Juncker. “The sovereignty of Greece will be massively limited,” Juncker told Germany’s Focus magazine, adding that... 

Athens: Demonstrator stand by a burning advertisment post on Syntagma square in front of the parliament in Athens on June 29, 2011 during masive clashes. The Greek parliament has passed second austerity law which will last until 2015. Angry anti-package protests are expected to break out over the parliament’s decision in Athens. ­The EU and the IMF had demanded that the parliament passes two bills... 

The International Monetary Fund said on Wednesday that the US debt burden is perilously unsustainable but warned against too-sharp fiscal adjustments that would slow the fragile economy. In its annual assessment of US financial strengths and weaknesses, the IMF also said that if the government does not hike its debt ceiling soon to accommodate current spending commitments, the impact could wreak havoc... 

Trojan horse: IMF has warned the Greek crisis could spark a new financial panic. Europe’s political elite is ‘playing with fire’ through its failure to tackle the economic crisis engulfing Greece, the International Monetary Fund has warned. The Washington-based watchdog predicted that a fresh round of turmoil would spread through financial markets unless European leaders shore up the stricken...