Tag Archives: greek

Bailout Alcoholism: ‘Govts sucked Eurozone dry’

The European Union’s poorest state – Bulgaria – has shelved plans to join the Eurozone. Its Prime Minister cited the continent’s deteriorating financial climate and fears for the euro’s future as the reasons behind the single currency snub. Patrick Young, of the investment consultancy DV Advisors, says joining the Euro now, would only end in [...]

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Bulgaria dumps Eurozone: ‘Costs greater than opportunity’

More bad news for the European Union, as ratings giant Moody’s slaps a negative outlook on the bloc, with a possible downgrade looming. It’s meant to reflect the troubles of it’s main budget contributor’s including Germany and France. Meanwhile, with one eye on the troubles of its neighbours, Bulgaria has put its Euro ambitions on [...]

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Poverty back in Europe: Brands target nouveau poor

Record high unemployment in the EU has forced some of the larger consumer goods companies to shift marketing strategies. They target poverty-stricken Europeans’ demand for cheaper goods in the midst of an economic crisis – READ MORE on.rt.com RT LIVE rt.com Subscribe to RT! www.youtube.com Like us on Facebook www.facebook.com Follow us on Twitter twitter.com [...]

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CrossTalk: New World Disorder

What has changed since the end of the Cold War? Does the world today match what was envisioned decades ago by some prominent Western leaders? Have we reached the ‘end of history?’ Will borders remain untouched as sectarianism and nationalism take root across the world? Or are we living through a paradigm shift, where the [...]

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‘Greece is bankrupt. Full stop. Game over’

It’s ‘crunch time’ for Greece right now – the German leader and French president are working out whether to grant Athens the ‘breathing space’ it says it needs to sort its finances out. The country’s been relying on international loans for over two years, but is struggling to meet its bailout conditions. Meanwhile, Chancellor Merkel’s [...]

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‘Germany must declare Eurozone ultimatum or stop bailouts’

RT speaks to Thilo Sarrazin, a German politician and former Executive of the Deutsche Bundesbank, about the future of the EU and the single currency. RT LIVE rt.com Subscribe to RT! www.youtube.com Like us on Facebook www.facebook.com Follow us on Twitter twitter.com Follow us on Google+ plus.google.com RT (Russia Today) is a global news network [...]

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‘Austerity = poverty, adjustment = exploitation, growth = private profit’

Battered and bruised by austerity, Athens has begged the EU for ‘breathing space’. Regardless of whether Greece is given more time, its tactic to fight debt will remain the same: aggressive austerity, privatization and cuts. However, Andrew Gavin Marshall from the Centre of Research on Globalization thinks those reforms will do much more harm than [...]

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Greek Great Depression: ‘Everybody going down into black hole’

Greece is asking for more breathing space to implement financial reforms and spending cuts, which have sparked years of widespread protests. The Prime Minister has to convince the Eurozone top brass later this week that he’s done enough to receive the next bailout installment. It’s worth 31-and-a-half-billion Euros, without which Greece will default and potentially [...]

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‘Eurozone endgame – not Armageddon, a blessing’

RT’s Laura Smith interviews economist Roger Bootle, who won the Wolfson Prize for developing a practical plan to dissolve the Eurozone. RT LIVE rt.com Subscribe to RT! www.youtube.com Like us on Facebook www.facebook.com Follow us on Twitter twitter.com Follow us on Google+ plus.google.com RT (Russia Today) is a global news network broadcasting from Moscow and [...]

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‘Stop robbing us!’ Spain turning into Greece?

Spain’s regional leaders are squaring up to Madrid boycotting the latest tough deficit targets. The Eurozone’s 4th-largest economy is desperately trying to fill its budget gap and recently imposed the deepest cuts in decades. But, as Aleksey Yaroshevsky reports, people are refusing to accept measures which are taking them to the brink. RT LIVE rt.com [...]

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On The Money: Weathering the Storm

There is almost no doubt that we’ll fall victim to another financial crisis. How long and how deep will it be? How well is Russia prepared to it? How well does it stand compared to 2009? On the Money is joined by Mikhail Akim, Jacob Nell, Ivan Tchakarov and Timothy Krause. Follow Peter Lavelle on [...]

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Anger Art: Greeks try to paint themselves out of a corner

The deep public anger in Spain over cuts and debts shows no sign of abating – with further clashes in the capital. Riot police tried to keep back crowds of hundreds of people, incensed by yet more belt-tightening approved by the government on Friday. The wage cuts and tax hikes are in exchange for a [...]

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