Prime Minister George Papandreou's shock decision to call a referendum on Greece's bailout drew veiled threats from Germany on Tuesday and hammered markets edgy over the euro zone crisis.
Has Greek Prime Minister George Papandreou lost his mind, with a shocking decision to call a referendum on Greece's bailout offer from European nations hoping to avert a global financial meltdown spurred by Greece default?
Prime Minister George Papandreou's shock decision to call a referendum on Greece's bailout drew veiled threats from Germany on Tuesday and hammered markets edgy over the euro zone crisis.
Italian Prime Minister Silvio Berlusconi denied as entirely baseless a report that he had held a special meeting with French President Nicolas Sarkozy and German Chancellor Angela Merkel after last week's summit meeting of European Union leaders.
Almost 60 percent of Greeks view the new EU agreement providing for a new bailout package as “negative” or “probably negative”,
Zimbabwean President Robert Mugabe denied speculation his health is failing and hinted at taking action against Swiss firms in retaliation for his wife and aides being denied visas to visit Geneva, the official Herald newspaper reported on Monday.
Global unemployment now already exceeds 200 million, the highest level ever reported.
Ratings agency Moody's has cut its outlook for the European steel industry to negative and said it expects demand to weaken by up to 4 percent in the next 12 months, as the industry faces economic strain and weak construction and auto markets.
Global development groups on Friday called on G20 leaders to step up to their commitments to tackle global food security and come up with new ways to boost world growth that also benefit the poorest.
European Central Bank President Jean-Claude Trichet said in an interview in a German newspaper to be published Sunday that the Eurozone sovereign debt crisis is not yet over and that it is too early for the all-clear signal.
Stocks edged lower on Friday as investors paused following a powerful rally that propelled the S&P 500 index almost 20 percent since briefly dipping into bear market territory earlier this month.
The “B” rating is only a few notches above the current CCC grade on Greece and it still considered “junk” or non-investment grade.
Claiming election fraud, nearly 100 Tunisians protested Tuesday outside the headquarters of the independent electoral body, saying the country's first-ever elections have been marred.
Sarkozy compared Greece’s problems to Lehman Brothers collapse in 2008.
Spot gold held steady Friday, on course for its biggest weekly rise in 33 months, after the euro zone's last-minute deal on containing the debt crisis cheered investors, but a rebound in the dollar may weigh on prices.
Berlusconi’s promises have largely been met with derision, skepticism and scorn in Italy.
Barroso said the deal demonstrated how the European union (EU) can unite even during the most stressful of times.
The Athens Stock Exchange surged as much as 6 percent in Thursday trading.
Euro zone leaders struck a last-minute deal to limit the damage from the currency bloc's debt crisis early on Thursday but are still far from finalizing plans to slash Greece's debt burden and strengthen their rescue fund.
China is considering a proposal to set up a regional bank to help its small and medium enterprises invest in Southeast Asian neighbors, fund infrastructure projects and promote development in southwestern China, two independent sources said.
European leaders agreed Thursday morning that banks and other major investors in Greek bonds must take losses of up to 50 percent to prevent a Greek government default. The rescue fund is a response to global pressure to lower Greece's debt burden and attempt to contain the spreading debt contagion that threatens the euro zone.
European leaders are negotiating with Greek bondholders, publicly stating investors will have to take substantial losses. Their stance is in stark contrast to the way debt holders have been coddled in programs managed by the U.S. Federal Reserve
