Following a meeting at the White House, President Barack Obama called on Greece to balance austerity with growth as it seeks to recover from...
Following a meeting at the White House, President Barack Obama called on Greece to balance austerity with growth as it seeks to recover from financial crisis, saying the Greek people 'need to see a light at the end of the tunnel.' (Aug. 8)Copyright 2013 The Associated Press Less
The drama in Ukraine is far from the finale -- as the country stands on the brink of civil war, Russia and the West are stirring up the rhet...
The drama in Ukraine is far from the finale -- as the country stands on the brink of civil war, Russia and the West are stirring up the rhetoric. But while politicians blame each other, money still plays a key role in worldly affairs. What will the Ukrainian crisis mean for the world's finances? Won't the US-proposed sanctions be the last straw for the already weakened world economy? To find this out, Sophie is joined by investment banker and financial advisor Jack Worthington on SophieCo. nnFULL SCRIPT: http://on.rt.com/2co5hqnnRT LIVE http://rt.com/on-airnnSubscribe to RT! http://www.youtube.com/subscription_center?add_user=RussiaTodaynnLike us on Facebook http://www.facebook.com/RTnewsnFollow us on Twitter http://twitter.com/RT_comnFollow us on Instagram http://instagram.com/rtnFollow us on Google+ http://plus.google.com/+RTnnRT (Russia Today) is a global news network broadcasting from Moscow and Washington studios. RT is the first news channel to break the 1 billion YouTube views benchmark. Less
Inequality, unemployment, soaring debt - Europe's had its share of troubles in the five years since the financial crisis struck. The aggress...
Inequality, unemployment, soaring debt - Europe's had its share of troubles in the five years since the financial crisis struck. The aggressive austerity programmes launched to cure the ailing economy appear to have made everyday life worse. A new report suggests almost a third of Europeans will live in poverty by 2025.nnRT LIVE http://rt.com/on-airnnSubscribe to RT! http://www.youtube.com/subscription_center?add_user=RussiaTodaynnLike us on Facebook http://www.facebook.com/RTnewsnFollow us on Twitter http://twitter.com/RT_comnFollow us on Instagram http://instagram.com/rtnFollow us on Google+ http://plus.google.com/+RTnnRT (Russia Today) is a global news network broadcasting from Moscow and Washington studios. RT is the first news channel to break the 1 billion YouTube views benchmark. Less
In this episode of the Keiser Report, Max Keiser and Stacy Herbert discuss Max's personal Vietnam called 'HSBC Now' and he is going up the T...
In this episode of the Keiser Report, Max Keiser and Stacy Herbert discuss Max's personal Vietnam called 'HSBC Now' and he is going up the Thames River of financial fraud to meet George Osborne who is sitting on a pile of skulls of the victims of austerity. They discuss the wishes and knishes and misallocation of capital. In the second half, Max interviews Andrew 'Weev' Auernheimer about a hedge fund called TRO LLC and a StartJOIN crowdfunding campaign to raise money to register the fund. They also discuss Weev's lawsuit against the US government seeking compensation for wrongful imprisonment and he will only accept bitcoin as the US Federal Reserve note is backed by fraud and violence.nnWATCH all Keiser Report shows here:nhttp://www.youtube.com/playlist?list=PL768A33676917AE90 (E1-E200)nhttp://www.youtube.com/playlist?list=PLC3F29DDAA1BABFCF (E201-E400)nhttp://www.youtube.com/playlist?list=PLPszygYHA9K2ZtV_1KphSugBB7iZqbFyz (E401-600)nhttp://www.youtube.com/playlist?list=PLPszygYHA9K1GpAv3ZKpNFoEvKaY2QFH_ (E601-current)nnnRT LIVE http://rt.com/on-airnnSubscribe to RT! http://www.youtube.com/subscription_center?add_user=RussiaTodaynnLike us on Facebook http://www.facebook.com/RTnewsnFollow us on Twitter http://twitter.com/RT_comnFollow us on Instagram http://instagram.com/rtnFollow us on Google+ http://plus.google.com/+RTnnRT (Russia Today) is a global news network broadcasting from Moscow and Washington studios. RT is the first news channel to break the 1 billion YouTube views benchmark. Less
Watch the full Keiser Report: SaturdaynIn this episode of the Keiser Report, Max Keiser and Stacy Herbert discuss confessions and corruption...
Watch the full Keiser Report: SaturdaynIn this episode of the Keiser Report, Max Keiser and Stacy Herbert discuss confessions and corruption, back doors and austerity. They look at Mark Carney's claim that house prices are rising because of expectations of higher wages and at David Cameron's calls for permanent austerity for the non-corporate class. Max suggests QE is being used not only to keep TBTF banks afloat but to keep whole bankers that would otherwise be vivisected. In the second half, Max interviews Cody Wilson about living in a trifecta of disruptive technologies as a citizen of the future in which bitcoin means a thousand silk roads and fanfare for the common man.nnFOLLOW Max Keiser on Twitter: http://twitter.com/maxkeisernnWATCH all Keiser Report shows here:nhttp://www.youtube.com/playlist?list=PL768A33676917AE90 (E1-E200)nhttp://www.youtube.com/playlist?list=PLC3F29DDAA1BABFCF (E201-E400)nhttp://www.youtube.com/playlist?list=PLPszygYHA9K2ZtV_1KphSugBB7iZqbFyz (E401-current)nnRT LIVE http://rt.com/on-airnnSubscribe to RT! http://www.youtube.com/subscription_center?add_user=RussiaTodaynnLike us on Facebook http://www.facebook.com/RTnewsnFollow us on Twitter http://twitter.com/RT_comnFollow us on Instagram http://instagram.com/rtnFollow us on Google+ http://plus.google.com/+RTnnRT (Russia Today) is a global news network broadcasting from Moscow and Washington studios. RT is the first news channel to break the 1 billion YouTube views benchmark. Less
This August, the Eurozone emerged from its longest recession since the euro was introduced - although economists aren't quite ready to pop t...
This August, the Eurozone emerged from its longest recession since the euro was introduced - although economists aren't quite ready to pop the champagne to say goodbye to the crisis that first hit the bloc back in 2009. Top EU officials admit that growing unemployment - particularly that among young Europeans - puts the region's financial future at risk. nnIn Spain and Greece the situation is particularly drastic with over half of people under 25 out of a job. Both countries also rely heavily on Brussels for financial help - with Athens looking at the prospect of a third bailout deal. Across the region, people are weary of austerity cuts, and we've seen plenty of public discontent and mass protests. Covering the Eurozone crisis throughout the year has been RT's man in Berlin, Peter Oliver.nnRT LIVE http://rt.com/on-airnnSubscribe to RT! http://www.youtube.com/subscription_center?add_user=RussiaTodaynnLike us on Facebook http://www.facebook.com/RTnewsnFollow us on Twitter http://twitter.com/RT_comnFollow us on Instagram http://instagram.com/rtnFollow us on Google+ http://plus.google.com/+RTnnRT (Russia Today) is a global news network broadcasting from Moscow and Washington studios. RT is the first news channel to break the 1 billion YouTube views benchmark. Less
http://buybuyeurope.eu | The bailout of the financial sector cost thousands of billions of euros. In this episode, we'll take a look at who ...
http://buybuyeurope.eu | The bailout of the financial sector cost thousands of billions of euros. In this episode, we'll take a look at who eventually footed... Less
Registration of the final session of the conference with the following speakers: - Mehrdad Payandeh (DGB, Head of Department for Economic, F...
Registration of the final session of the conference with the following speakers: - Mehrdad Payandeh (DGB, Head of Department for Economic, Financial and Fiscal Policy) - Guillaume... Less
A bitter battle over France’s economy has created a crisis for the government and for president Francois Hollande. Former economy minist...
A bitter battle over France’s economy has created a crisis for the government and for president Francois Hollande. Former economy minister Arnaud Montebourg’s demand that the government abandon austerity triggered the dissolution of the cabinet. Montebourg said: “Austerity policies of tax hikes and excessive reduction of public spending, decided by governments, are today causing the extension and unnecessary deepening of the economic crisis.” “They are a financial absurdity because, by restricting growth, they prevent their own goals from being achieved,” he continued. Montebourg’s views echo those of Hollande himself during his election campaign two years ago. Then he slammed German Chancellor Angela Merkel for insisting on austerity to bring down debt across the eurozone, saying: “Our Europe can be the lever and the solution unless it is condemned to the austerity that the incumbent (Nicolas Sarkozy) has chosen by teaming up with the German Chancellor.” The French government approved a 50 billion euro savings plan in April – although Hollande, the most unpopular French president in living memory, insisted that it was not an all-out austerity programme. January Techau, a director at Carnegie Europe, explained that Paris and Berlin remained the economic heart of Europe. “Germany is always in the limelight, but France is equally important because it is the duo of the two and the stability and strength of the two that basically the entire construction of Europe rests on. If France crumbles and falters and becomes an even, you know, more economically destabilised place that will bode unwell, and catastrophic perhaps even, for all of Europe,” Techau told euronews. Merkel has made it clear that Germany will continue to push for fiscal austerity across Europe. Less
Leo Panitch on the left Coalition: SYRIZA and the struggle against austerity.
Over the past few years the term austerity has made it into the financial headlines as well as the national news. Austerity means to trim ex...
Over the past few years the term austerity has made it into the financial headlines as well as the national news. Austerity means to trim expenses to their minimum. When used in regards to... Less
As the state thrives to cope up with financial problem, Kerala Government has decided to initiate certain austerity measures.
Snap elections raise concerns that far-Left opposition could go back on multi-billion bailout deals. Presenter: Sami Zeidan Guests: George ...
Snap elections raise concerns that far-Left opposition could go back on multi-billion bailout deals. Presenter: Sami Zeidan Guests: George Kratsas - a corporate lawyer and specialist in EU law and financial regulation. Andrew Hilton - director of the Centre for the Study of Financial Innovation. Anastasia Giamali - a journalist for the Dawn Newspaper that is politically associated with the Syriza party. Less
Greece’s new parliament has a new look about it with radical left Syriza holding the reins of power in the 300 seat legislature. In the ...
Greece’s new parliament has a new look about it with radical left Syriza holding the reins of power in the 300 seat legislature. In the end they fell short of an absolute majority taking 149 seats but doing far better than many had expected. This has left New Democracy, the party of outgoing prime minister Antonis Samaras doing some soul-searching after coming in well behind their main competitors in second place. Their coalition partner PASOK were virtually wiped out, after being the third largest party in 2012, they have been relegated to sixth place. Financial markets have reacted nervously to the result – the euro slid to an 11-year low and US stock futures fell as Asian markets opened on Monday . Less
All will be fine as long as Greece abides by the rules and its commitments – that was the message from the first meeting of the Eurogroup ...
All will be fine as long as Greece abides by the rules and its commitments – that was the message from the first meeting of the Eurogroup following Sunday’s win in Athens by anti-austerity party Syriza. Fellow eurozone members have been playing down fears of new financial troubles in the currency bloc, despite Greek election promises to write -off some its debts. Germany’s Foreign Minister Frank-Walter Steinmeir stressed that the Greek people had decided and must be respected.Germany will off cooperation but naturally assumes Greece will stick to its agreed commitments. If Greece was in any doubt about where its future lies, French president Francois Hollande was on hand to put them straight: “Greece is in the eurozone, it wants to stay in the eurozone and Greece will stay in the eurozone.” Britain’s David Cameron was more cautious and urged Athens to keep tackling its budget deficit, the IMF said it was ready to continue supporting Greece… so fairly positive – that is perhaps until all sides sit down at the negotiating table and the talking begins. Since 2010, Greece has borrowed nearly 240bn euros under a debt restructuring plan. But a final bailout tranche of 7.2bn euros still has to be negotiated. Greece has until February 28 when the current programme of loans to Greece under the European Financial Stability Facility ends. For the first quarter of 2015 its estimated that Greece needs to raise about 4.3bn euros to pay its way. Less
German police have clashed with anti-austerity protesters at the opening of the new headquarters of the European Central Bank in Frankfurt. ...
German police have clashed with anti-austerity protesters at the opening of the new headquarters of the European Central Bank in Frankfurt. Thousands of demonstrators congregated at the security cordon set up around the new €1.3 bn complex. As many as 550 protesters have been detained and 90 police officers injured. Violence broke out around the Alta Oper concert hall and the city’s financial district. More than 100 demonstrators suffered injuries as police cars were smashed and set on fire and security services responded with tear gas and water canon. One young protestor explained why he was there: “ Above all I think I think the ECB is the symbol of monetary power in Europe and the power politics of capitalism. It is simply very important that lots of people from lots of different countries come together to fight against these policies.” German police say around 17,000 turned up to protest, organisers put the figure at 20,000. A number of trade unions were present along with members of Greece’s ruling Syriza party as Athens attempts to renegotiate the terms of its bailout loan. Less
On January 25, the leftist party Syriza emerged victorious in Greece’s national elections. Days later, Alex Tsipras, the new 40-year-old p...
On January 25, the leftist party Syriza emerged victorious in Greece’s national elections. Days later, Alex Tsipras, the new 40-year-old prime minister, formed a coalition government with a strong mandate to renegotiate Greece’s bailout terms and reduce its large debt pile, built up over the five-year financial crisis.nnTsipras and his team then engaged in bitter negotiations with the country’s international lenders. Athens sought to scrap the harsh measures attached to the bailout by describing the plight of austerity-hit Greeks as a “humanitarian crisis.” On February 20, a deal was clinched. The country’s loan agreement was extended by four months, giving Greece more breathing space to negotiate a better pact in the future, but also forcing Syriza to climb down on its pre-election promises.nnDespite the deal, Greece is still broke and needs European loans to avoid bankruptcy. The new government’s popularity is slowly declining and uncertainty as to how Syriza will live up to its many promises remains.nnFacing backlash from its own supporters, Syriza’s deal with the European Union has sparked angry demonstrations in Athens. VICE News attended the protests and spoke to people disillusioned with the current situation and the party’s pre-election pledges.nnWatch "Greece's Young Anarchists (Part 2)” - http://bit.ly/1xzrXm8nnRead "Debt Deal Puts Greece's New Prime Minister Alexis Tsipras in a Tough Spot” - http://bit.ly/19FTaIYnnRead "Anger at Greece's Threat to Unleash Wave of Migrants and 'Jihadists' if Europe Leaves it in Crisis” - http://bit.ly/1FaTwUjnnSubscribe to VICE News here: http://bit.ly/Subscribe-to-VICE-NewsnnCheck out VICE News for more: http://vicenews.comnnFollow VICE News here:nFacebook: https://www.facebook.com/vicenewsnTwitter: https://twitter.com/vicenewsnTumblr: http://vicenews.tumblr.com/nInstagram: http://instagram.com/vicenewsnMore videos from the VICE network: https://www.fb.com/vicevideos Less
Dubbed the hugging grandma, Manuela Carmena has been sworn in as the Mayor of Madrid backed by the leftist Podemos party. The 71-year-old ...
Dubbed the hugging grandma, Manuela Carmena has been sworn in as the Mayor of Madrid backed by the leftist Podemos party. The 71-year-old has swept two decades of Popular Party rule in the Spanish capital to one side after making a deal with the Socialists on Friday. Her election and similar wins for the left in city halls across the country is seen as precursor to the national vote later this year. Pablo Iglesias, the leader of Podemos – an anti-austerity party which has grown from nothing little more than a year – is delighted with the success. “Today there is fresh air in the institutions and probably it’s the beginning of change in our country. Now we feel more strength, more capacity to win the general elections against the Partido Popular (Popular Party) in November,” he said. In Barcelona, another anti-austerity campaigner was sworn in as mayor on Saturday. Ada Colau spent years battling on behalf of homeowners evicted due to the financial crisis. She pushed out Xavier Trias, who led a centre-right coalition backing independence for the Catalonia region. As well as prioritising local job creation, Colau will earn a quarter of her predecessor’s salary and will give up other privileges which go with the job. Less
Thousands have taken part in rallies in central Athens following the government’s announcement that it’s closing the banks and imposing...
Thousands have taken part in rallies in central Athens following the government’s announcement that it’s closing the banks and imposing capital controls. Some banners conveyed a defiant call to leave the eurozone. “Now it’s our time to say no because they (the creditors) want the whole (of) our land. They want our freedom, they want our rights, they want our properties, they want our homeland. I think the Greek people will fight back,” said one demonstrator. While another was more critical of the government: “Since the government chose to move within the EU framework and sit at the same table with the creditors and adopt such a direction, there was no possibility that a programme or an agreement that would meet the demands of the people could ever come out of this.” LIVE: Thousands gather outside Greek parliament in Athens to protest against austerity http://t.co/ps8fPLKlse pic.twitter.com/dZlvQJMoHP— RT (@RT_com) June 21, 2015 Creditors want Greece to cut pensions and raise taxes in ways that Prime Minister Tsipras complains will stifle any hope of growth. With Greece facing the prospect of defaulting on repayment of IMF loans on Tuesday it means the next few days present a major challenge to the eurozone project and the consequences for markets and the wider financial system are unclear. Less
Greece’s new parliament has a new look about it with radical left Syriza holding the reins of power in the 300 seat legislature. In the en...
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