Dominique Strauss-Kahn might be taken into custody
Former director of the International Monetary Fund, Dominique Strauss-Kahn, was summoned Tuesday to investigators at Lille in connection …
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Germany expects eurozone governments to approve the aid for Greece
German authorities are hopeful that eurozone governments will approve the financial program of support for Greece, worth 130 …
Moody’s has downgraded the rating of six eurozone countries
Credit rating agency Moody’s downgraded on Monday evening six euro area countries, including Italy, Spain and Portugal, and …
US banks to pay $25 billion for abusive foreclosures
Five U.S. banks accused of abuse have signed a settlement with the American government on a plan worth …
Oil, $99 a barrel, Goldman Sachs predicts further increases
Oil prices climbed Wednesday to close at $99/barrel on the stock exchanges in Asia after an unexpected decrease …
Difficult negotiations for Greece with creditors
Greece has already missed the deadline for completing negotiations with private investors for the granting of the second …
Greece closer to a hard default
In an unusually harsh warning, German Finance Minister Wolfgang Schäuble said that the euro area could refuse new …
U.S. economy grew by 1.7% in 2011
U.S. economy registered in the fourth quarter of 2011 an annual growth rate of 2.8%, as opposed to …
New data protection rules in Europe
The European Commission proposed yesterday a reform of EU rules on data protection in order to strengthen the …
Nouriel Roubini’s life in an interview
International economist Nouriel Roubini, who became famous for having predicted the financial crisis that broke out in the …