China’s inflation rate unexpectedly accelerated in January, as consumer spending increased during the Lunar New Year holiday. The National Bureau of Statistics said Thursday that consumer prices rose by 4.5 percent from a year earlier. That was well ahead of market expectations of 4 percent. Before January, inflation had eased for five straight months after […]
China Inflation Rebounds to 4.5% in January
Posted February 9th, 2012 at 1:25 am (UTC-5)
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Greek Party Leaders Move Closer to Deal on More Spending Cuts
Posted February 8th, 2012 at 8:50 pm (UTC-5)
Talks between Greek political leaders on whether to accept the EU demand for more spending cuts broke up early Thursday with only one outstanding issue remaining. The heads of the three political parties that make up the coalition government must agree on the spending cuts before the European Union and International Monetary Fund grants another […]
Greek Lawmakers Deciding Whether to Accept New Austerity Pact
Posted February 8th, 2012 at 10:20 am (UTC-5)
Debt-ridden Greece is facing a final decision whether to adopt steep new austerity measures to ease its precarious financial state and avoid a default on its loans next month. Greek lawmakers representing socialist, conservative and far-right political parties met Wednesday to consider a 50-page plan negotiated with the country’s international creditors. It would cut Greece’s […]
Greek Police Clash with Striking Workers Protesting Austerity Measures
Posted February 7th, 2012 at 3:55 pm (UTC-5)
Greek police clashed Tuesday with some of the thousands of striking workers in Athens protesting the latest austerity measures the government is seeking to impose to meet the demands of the country’s international creditors. Some demonstrators charged the steps of parliament and threw rocks at police, who fired tear gas at the protesters and hit […]
Greek Police Clash with Striking Workers Protesting Austerity Measures
Posted February 7th, 2012 at 1:05 pm (UTC-5)
Greek police clashed Tuesday with some of the thousands of striking workers in Athens protesting the latest austerity measures the government is seeking to impose to meet the demands of the country’s international creditors. Some demonstrators charged the steps of parliament and threw rocks at police, who fired tear gas at the protesters and hit […]
Greek Police Clash with Striking Workers Protesting Austerity Measures
Posted February 7th, 2012 at 9:50 am (UTC-5)
Greek police clashed Tuesday with some of the thousands of striking workers in Athens protesting the latest austerity measures the government is seeking to impose to meet the demands of the country’s international creditors. Some demonstrators charged the steps of parliament and threw rocks at police, who fired tear gas at the protesters and hit […]
Greece Minister: Government Jobs Cuts Planned as International Debt Pressure Intensifies
Posted February 6th, 2012 at 5:45 pm (UTC-5)
A Greek minister says the debt-ridden country has agreed to cut 15,000 jobs from its government workforce, amid growing international pressure to impose more unpopular austerity measures. Public Sector Reform Minister Dimitris Reppas announced the job cuts Monday, but did not provide details. State jobs had so far been protected during the crisis, and unions, […]
Greece to Cut Government Jobs as International Debt Pressure Intensifies
Posted February 6th, 2012 at 3:35 pm (UTC-5)
Greece has agreed to cut 15,000 jobs from its government workforce amid growing international pressure to quickly complete deals to cut its debt and impose more unpopular austerity measures. The Athens government announced the job cuts Monday, hours after German Chancellor Angela Merkel and French President Nicolas Sarkozy sternly warned it. The German and French […]
Germany, France Pressure Greece to Finish Debt Deals
Posted February 6th, 2012 at 12:00 pm (UTC-5)
Germany and France are pressuring financially troubled Greece to quickly complete deals to cut its debt and impose more unpopular austerity measures. After meeting in Paris Monday, German Chancellor Angela Merkel and French President Nicola Sarkozy pointedly told the Athens government it would not get a second $171 billion bailout to avert a default on […]
Germany, France Pressure Greece to Finish Debt Deals
Posted February 6th, 2012 at 10:25 am (UTC-5)
Germany and France are pressuring financially troubled Greece to quickly complete deals to cut its debt and impose more unpopular austerity measures. After meeting in Paris Monday, German Chancellor Angela Merkel and French President Nicola Sarkozy pointedly told the Athens government it would not get a second $171 billion bailout to avert a default on […]
