JP Morgan's Chief Executive Officer, Jamie Dimon JP Morgan’s Chief Executive Officer, Jamie Dimon says Europe is the largest threat to the global economy, calling for a solution to the economic woes sourced from the continent. “We urgently need a solution. The longer the problem drags on, the less likely it is we get off lightly,” the CEO of one of the largest banks in the United States... 

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... 

Insolvency is threatening heavily debt-ridden countries such as Greece, Portugal, Italy, Ireland and Spain. Official figures show the rate of unemployment in the eurozone reached an all-time high of 10.3 percent in November 2011. According to the Eurostat statistics agency, by November more than 16.3 million people were unemployed in the 17 nations that use the euro as their currency. Eurostat figures... 

A picture showing protests against the government austerity measures in Greece. Tens of thousands of Europeans are migrating from their homelands, many heading to the southern hemisphere, as the continent sinks deeper into financial crisis. While official statistics shows that Portugal, Greece and Ireland had the largest stream of immigrants leaving their country’s this year, evidence points... 

On November 25, two days after a failed German government bond auction in which Germany was unable to sell 35% of its offerings of 10-year bonds, the German finance minister, Wolfgang Schaeuble said that Germany might retreat from its demands that the private banks that hold the troubled sovereign debt from Greece, Italy, and Spain must accept part of the cost of their bailout by writing off some... 

Spain's Prime Minister Jose Luis Rodriguez Zapatero at a press conference at the Moncloa Palace in Madrid, September 26, 2011, after dissolving the country's parliament. Spanish Prime Minister Jose Luis Rodriguez Zapatero has dissolved the country’s parliament two months ahead of the next parliamentary elections. Zapatero had earlier in the year announced that he would not seek a third... 

A pendant some 25,000 years old has been found in the Irikaitz dig in northern Spain’s Basque region by archaeologists from the Sociedad Aranzadi. The piece, an oblong gray smooth stone some 10 centimeters (4 inches) in length, is perforated at one end and apparently was hung from a thong or cord around a person’s neck, according to the director of the excavation, Alvaro Arrizabalaga,... 

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... 

Thousands of Spaniards demonstrated in Madrid, as they were upset their governments handling of the economy. Spain. 17th August 2011 Thousands of Spaniards have launched rallies in the Spanish capital Madrid against their government’s austerity measures, Press TV reported. The three-day protest starting on Tuesday was initiated by Spain’s two largest trade unions, the Comisiones Obreras... 

Romanian Workers Spain has been given the green light by the EU executive to tighten restrictions on Romanian workers as it struggles with the highest unemployment in the 27-nation block. Spain will now require Romanians to have a work contract before settling in Spain and reverses a two and a half year moratorium that gave Romanian workers unrestricted access as fellow members of the European Union. The... 

European Central Bank's bond buying operation could re3ach €850bn according to analysts at the Royal Bank of Scotland. Letter to Italian PM Silvio Berlusconi demanded detailed list of reforms to timetable set by the bank. The European Central Bank’s decision to start buying up Italian and Spanish bonds has controversially extended its operations into detailed demands for economic restructuring,... 

So, after everyone pointed the finger at the Spanish and their cucumbers, after tonnes of the crop were destroyed, after Spain’s agriculture lost its reputation and thousands of jobs, now they decide the source of the German E.coli outbreak was not Spain after all. It’s a bit late now, isn’t it? Then what was the source? Terrorism? The form of E.coli sweeping across northern Germany... 

Policemen clash with protesters while trying to dismantle a camp set up in Catalunya square in Barcelona on May 27, 2011. At least 100 people have been injured after police clashed with demonstrators in Barcelona amid protests against the economic crisis and sky-high jobless rate in Spain. Policemen swiped at protesters with batons, dragged them on the ground and even fired rubber bullets on Friday... 

General view of the Puerta del Sol square in Madrid on May 21, 2011 during a protest against Spain's economic crisis. Protesters in the Spanish capital of Madrid say they will continue their rallies after the ruling Socialist Party suffered election losses. “We plan to stay until next Sunday, but we haven’t ruled out staying even longer,” said a spokeswoman for the organizers... 

Spain’s unemployment rate has hit 21.3% for the first time in nearly 13 years, official figures have shown. There were 4,612,700 people unemployed in the country at the end of March, the national statistics agency INE said. Spain’s jobless rate has risen sharply during the economic downturn and is the highest in the eurozone. Meanwhile, official European Union (EU) figures showed that...