European authorities have unveiled their vision for the future, which gives them much greater powers. It includes the creation of a European treasury, which would have powers over national budgets. European Commission President Jose...
(Reuters) – Stockton, California was poised on Tuesday to take a major step toward becoming the largest U.S. city ever to file for bankruptcy after talks with its creditors on Monday at midnight. Negotiations...
German Chancellor Angela Merkel has resisted all proposals to provide relief to Spain and Italy from the excessive risk premiums prevailing in the market, Mr Soros said. This week’s summit of European Union leaders...
Greece’s finance minister, Vassilis Rapanos, resigned on Monday after being ill in hospital for several days. The prime minister’s office said that Mr Rapanos had sent a letter of resignation to the prime minister,...
Germany’s resistance to a banking union and stimulus measures is in the way of a solution to Europe’s debt crisis, and could turn this week’s meeting of the region’s leaders into a “fiasco”, according...
(Reuters) – Pastor Jim Garlow will stand before congregants at his 2,000-seat Skyline Wesleyan Church in La Mesa, California, on Sunday, October 7, just weeks before the U.S. presidential and congressional elections, and urge...
(multimedia) A mutiny by rank-and-file Bolivian police demanding wage increases has spread across the nation, with about 4,000 officers occupying barracks. Protesters sacked and set fire to furniture and documents in one police office in...
NORTH LAS VEGAS, Nev. (AP) — There are no signs of rioters, wind-damaged homes or flooding. The brand new City Hall features gleaming marble floors and the public recreation centers offer Zumba, karate and Pilates...
Italy‘s prime minister, Mario Monti, has warned of the apocalyptic consequences of failure at next week’s summit of EU leaders, outlining a potential death spiral that could threaten the political and economic future of Europe. The...
The specter of the 1930s financial crisis that culminated in the rise of Adolf Hitler’s Nazi party and the Second World War is stalking Europe. In May 1931, Creditanstalt, founded in Vienna by the Rothschild...
