Ireland Must Accept and Approve the EU Fiscal Deal
When Irish Prime Minister Enda Kenny announced last week that the new fiscal agreement with the European Union would be put to a popular vote, he said it was a chance to reaffirm the...
Category: Government Money
Washington’s $5 trillion interest bill
NEW YORK (CNNMoney) — Interest rates on U.S. bonds may be ridiculously low, but that doesn’t mean the country’s future interest payments on the national debt will be. Uncle Sam will shell out more...
Greek town withers as boom turns to bust
(Reuters) – Decades ago, Antonis Seitanidis’ family fled Asia Minor to settle in the northern Greek town of Komotini in search of a better life. Today, he is urging his grandchildren to abandon the...
China Raising 2012 Defense Spending
China plans to increase defense spending 11.2 percent this year as the country’s expanding global commitments and lingering territorial disputes drive demand for more warships, missiles and fighter planes. Military spending is set to...
Spain planning to breach EU budget targets
Spain is already planning to breach its budgetary targets, defying European leaders on the day they signed their historic fiscal pact. Mariano Rajoy, prime minister of Spain, said the budget deficit would be 5.8pc...
Eurozone unemployment continues to rise
The unemployment rate in the eurozone continued to rise in January, hitting another record high. The jobless rate in the 17 countries that use the euro rose to 10.7% in January, while December’s figure...
Spanish students protest austerity cuts, demonstrations turn violent in Barcelona
BARCELONA, Spain — Tens of thousands of students protested education spending cuts in big cities across Spain on Wednesday, and the demonstrations turned violent in Barcelona as angry young adults clashed with police. Riot...
Fannie asks gov’t for almost $4.6B after 4Q loss
WASHINGTON (AP) — Mortgage giant Fannie Mae said Wednesday that it lost money in the fourth quarter and is asking the federal government for nearly $4.6 billion in aid to cover its deficit. Washington,...
Beijing Wants Say in Choice of World Bank Head
Traditionally, the US gets to appoint the president of the World Bank. But China is keen to make its influence felt in the search for a successor to Robert Zoellick, who will step down...
Europe in housing market ‘agony’
Europe is in the midst of “prolonged agony” of housing market decline with no obvious end in sight, a report by surveyors has claimed. The downturn began five years ago, so had lasted longer...
