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breakingnews
18.10.2010, 09:09
4 comments
Public services in Britain are facing massive cuts in their budget as the government looks to fill the huge black hole in its balance sheet.
30.04.2010, 13:37
16 comments
Greece faces years of painful cuts to salaries in return for a multi-billion-dollar bailout from the International Monetary Fund and the EU. The Greek finance minister called it a “choice between collapse or salvation.”
07.06.2010, 09:58
5 comments
Latvian President Valdis Zatlers believes that the biggest task towards stabilization of the economy and Latvian financial system is complete, but the goal to recover and get back to growth has not been achieved yet.
26.09.2009, 01:26
2 comments
The G20 member states have agreed that the group will replace the G8 as the main coordinating body for global financial issues. The G20 leaders are in Pittsburgh, the US for a two-day summit.
02.03.2009, 10:35
1 comment
The European Union has rejected a 190 billion euro bailout for Central and Eastern European members in deep economic crises. Now the prospects for Eastern Europe are gloomy at best.
31.03.2009, 10:48
1 comment
The economic slowdown continues to rumble on and some Eastern European economies like Hungary have found themselves in a very vulnerable position.
05.04.2009, 10:24
1 comment
World leaders met in London on April, 2 in an attempt to find a way out of the world economic crisis, but did the meeting of minds actually solve the world's financial problems, or was it just a waste of time?
15.07.2009, 12:07
1 comment
Russian cars have long been the butt of jokes, and a target for unpopular measures from the government to boost sales.
27.07.2010, 06:57
1 comment
The financial crisis has especially hit a new member of EU, resulting in 8 percent of Latvians registered below the poverty line. Once enjoying a record breaking economic boom, it now relies on IMF loans to survive.
02.04.2009, 18:14
Almost all G20 leaders have supported the idea of reforming the International Monetary Fund, and a compromise was reached with France over the summit's final declaration, despite earlier disagreements.
Published: 20 April, 2009, 16:57
Lithuania’s Defence Ministry has asked soldiers and officers to take a week-long unpaid leave the help the country deal with budget deficit. The Baltic country is trying to cope with the global financial crisis.
I am surprised Lithuania, doesn't take the opportunity to reduce its army substantially, on a more permanent basis. If they are smart, they can realise that their defences are covered already by NATO taxpayers, through article 5. So why waste your money, if soemone else will pick up the bill. Lithiania has got NATO, where it wants them, NATO will have to put up anything it asks, whilst the Lithuanians chill in those nice cafes and coffee shops.