A pharmacist ought to be able to live comfortably on his pension. So for him to reach the point of suicide out of economic hardship means a lot. It shows how the social fabric is unraveling, an activist in Athens said.
Spanish borrowing costs Thursday hit their highest levels since before the European Central Bank launched two massive liquidity injections to keep the euro zone's financial system from freezing up.
European Central Bank President Mario Draghi dismissed a German-led push for the bank to start planning a retreat from emergency crisis-fighting, but stressed it was keeping a close eye on price pressures.
However, Clinton added that the majority of sanctions will remain in place.
Last year we woke up to headlines involving the home of the Acropolis and one of the worst debt situations in recent history – Greece.
By resigning, the president becomes eligible for an emergency election expected to take place May 6, and it opens the door to a challenge from opposition leader Tomislav Nikolic, who favors stronger ties with Russia.
Fresh figures on business activity and retail sales in the 17-member currency area reinforce earlier signs of recession, even as the European Central Bank left its main interest rate unchanged at an all-time low of 1 percent.
The country's Foreign ministry called the ban preventing Conviasa from flying in Europe unfair, adding that Venezuela was considering as yet unspecified reciprocal measures.
Luxembourg's Jean-Claude Juncker said he has a preferred candidate to succeed him as head of the influential Eurogroup assembly of euro zone finance ministers but is not yet prepared to name the person.
Unions, students and others have protested the proposed cuts by staging huge demonstrations in Barcelona, Madrid and other cities across the beleaguered country.
Conviasa, which was set up by the government of Venezuelan President Hugo Chavez in 2004, was added to the EU air safety blacklist because of numerous safety concerns as a result of numerous accidents and checks carried out at EU airports.
Saudi Arabia is likely to maintain high oil production in the event consumer countries release emergency stocks, but it will not seek to lure buyers for more oil by discounting its crude, industry sources said.
Unemployment in Spain, where more than half of young people are out of work, rose for the eight straight month in March to a fresh record high, adding to the risk of an economic contraction as the government struggles to cope with its ballooning public debt.
Jurre Hermans, an 11-year-old boy from the Netherlands, has astounded economists by offering a simple solution to the problem of Greek solvency in the European Union. He has been awarded a special mention for the prestigious Wolfson Economics Prize. Five shortlisted entrants have also been announced.
Leaders of the Association of Southeast Asian Nations Tuesday urged the US and the European Union to lift sanctions on Myanmar, following a historic by-election in the country which saw pro-democracy icon Aung San Suu Kyi and her party registering a landslide win.
Sunday's historic elections in Myanmar and the planned North Korean missile launch dominated the agenda at the annual Association of Southeast Asian Nations, or Asean, summit in Cambodia on Tuesday.
Stocks were set to take a breather on Tuesday after the S&P 500 climbed to a 4-year high and ahead of factory orders data and minutes of the latest Federal Reserve meeting.
Stock index futures fell on Tuesday after the S&P 500 climbed to a 4-year high in the previous session as investors awaited factory orders data and minutes of the latest Federal Reserve meeting.
With an economy four to five times the size of Greece, a financial collapse and bailout of Spain would be unthinkable for Europe.
Unemployment in the euro zone grew to 10.8 percent in February, up from 10.7 percent in the prior month and the highest since the euro was adopted as a currency, Eurostat, the statistical arm of the European Commission, said Monday.
U.S. President Barack Obama has already warned that the window of opportunity for a diplomatic solution is rapidly closing, suggesting that a military strike on Iran may be likely at some point.
The FDA rejected a petition that would have banned the controversial chemical BPA, a plastic hardener linked to a variety of health effects such as cancer and neurological issues.
