The debt-ridden EU has suffered another blow from ratings agencies. Moody’s has downgraded the debt ratings of six EU states - including vulnerable Portugal, Italy and Spain. It comes as the bloc struggles to prevent Greece from default by offering bailouts in return for more austerity. But as RT’s Jacob Greaves reports, more and more [...]
It’s been a tough night in Brussels where Eurozone ministers have reached a deal on a second bailout for Greece. It took them several hours to agree on the one-hundred-and-thirty-billion euro cash injection, expected to save the country from default. Earlier the Greek Parliament went through a storm of public outrage and several internal conflicts [...]
Political uncertainty in crisis hit Greece is dominating the G20 meeting in France. There were reports the Prime Minister Papendreou was about to resign, but now it looks like he could even end up as head of a national unity government, and scrap plans for a referendum on an EU bailout. Which would please the [...]
Thousands of anti-capitalists are marching in the French Riviera ahead of the G-20 summit in Cannes. Groups of international activists are urging the leaders of the world’s top economies to focus on people, not finance. James Meadway from the New Economics Foundation shares his view on the crisis that’s strengthening its grip on Europe. RT [...]
