A breakup of the Schengen area amid the crisis the European Union is now going through will have an immediate impact on the euro and the European economy as a whole, Deutsche Welle warned on Saturday. Brussels is fully aware of the fact that if the European countries fail to get the situation under control and agree urgent measures to end the migrant crisis, it would spell the end of the Scheng [...]

President Obama said in his State of the Union address last night: “Now, what is true — and the reason that a lot of Americans feel anxious — is that the economy has been changing in profound ways, changes that started long before the Great Recession hit; changes that have not let up. [...]

In his final State of the Union address, Barack Obama refrained from unveiling major policy initiatives, offering instead his bold vision for America's future, but the speech, apparently meant to be uplifting, has apparently mixed some fact with fiction. In his speech, Obama painted a picture /* */ Continues Here... [...]

Polish Justice Minister Zbigniew Ziobro lashed out against European Digital Economy & Society Commissioner Gunther Oettinger’s criticism of the recent changes to Poland’s legislation. Earlier, Oettinger had criticized a new law signed by Polish President Andrzej Duda that tightens government control over the media. [...]

News headlines this week of epidemic drug abuse and mortality among Americans confirm what many observers have already noted – America is in bad, bad shape. But despite the media coverage, there was little commentary on the backdrop to the malaise. American society is collapsing because of an epic failure in the economy. [...]

The Dow Jones industrial average suffered its worst loss in five years after the market plunged into a correction on Friday. Stock markets around the world lost value amid concerns over the global economy. The Dow plunged nearly 531 points ‒ 3.1 percent ‒ to close the day at 16,459.75. [...]

On this Wednesday, August 12th edition of the Infowars Nightly News David Knight goes in depth on the Chinese economy and how it is being artificially collapsed then Lee Ann McAdoo has more, David then talks with trends forecaster Gerald Celente about what the future holds for the world economy and then Chris Christie won't disclose how he managed to spend $1Million dollars on his own personal pro [...]

The global economy is in for a "catastrophe of historic proportions," says investor Doug Casey. "With these stupid governments printing trillions and trillions of new currency units," says investor Doug Casey, "it's building up to a catastrophe of historic proportions." [...]

Chancellor Angela Merkel was not the only NSA target in the German government, as WikiLeaks has released a new tranche of documents containing a list of the phone numbers of German ministers and officials whose privacy was breached by the US spy agency. Sixty-nine high-ranking members of the German government, including the economy and finance ministers, as well as Vice Chancellor Sigmar Gabrie [...]

Again Athens finds itself at loggerheads with its creditors, particularly the IMF. The Greeks appear to be willing to do only enough to stay in the Eurozone, while the rest of Europe is willing to offer it just enough support to stay afloat – all awhile making the Greek economy almost impossible to grow. Is the Euro a failure? CrossTalking with Mitch Feierstein, Stephen Haseler, and Scheheraz [...]

Ukraine's government has submitted to parliament a bill allowing the introduction of a moratorium on foreign debt payments. This is to protect state assets in case of an "attack" from dishonest lenders, and to help the ailing economy out of crisis. "To protect the interests of the Ukrainian people, the Ukrainian government today has introduced to the Rada a bill that would give the government t [...]

Six years after the Lehman disaster, the industrialized world is suffering from Japan Syndrome. Growth is minimal, another crash may be brewing and the gulf between rich and poor continues to widen. Can the global economy reinvent itself? A new buzzword is circulating in the world's convention centers and auditoriums. It can be heard at the World Economic Forum in Davos, Switzerland, and at the [...]

An independent Flanders with Brussels as its capital will be best for the Flemish people who represent 60 percent of the Belgium population, and provide 80 percent of its economy, Flemish MP Tom van Grieken told RT. Following in the footsteps of Scotland, Veneto in Italy and Catalonia in Spain, and Belgium’s Flemish region may become the next to hold a referendum on independence. [...]

Argentina will receive the first tranche of yuan worth up to $1 billion in a massive currency swap with China before the end of this year. The deal will boost the troubled economy's foreign reserves. It comes as part of a loan worth $11 billion signed in July by Argentina's President Cristina Fernandez de Kirchner and Chinese counterpart Xi Jinping during hisLatin America tour- shortly before t [...]

The International Monetary Fund has given a green light for Ukraine to receive the second tranche of financial assistance totalling $1.39 billion, meaning more austerity measures for the already struggling economy. “The Executive Board of the International Monetary Fund (IMF) today completed the first review of Ukraine’s performance under an economic program supported by a Stand-By Arrangem [...]

All operations on Russia's Gazprom-led project South Stream have been suspended, as they do not meet the requirements of the European Commission, Bulgaria's Ministry of Economy and Energy said on its website. “Minister of Economy and Energy Vasil Shtonov has ordered Bulgaria’s Energy Holding to halt any actions in regards of the project,” the ministry said. This specifically means enterin [...]

The U.S. empire economy no longer serves us — as it fades, we must choose our path forward. World history is filled with empires, e.g. the Roman and Byzantine empires, the European colonial empires, various ancient Iranian empires, the Arab Caliphate and Ottoman Empire, the Soviet Union to name a few. [...]

Soaring house prices and persistently high levels of household debt could drive Britain's economy back into recession, the Bank of England's governor has warned. Challenged by Treasury select committee MPs on the subject of Britain’s financial stability, Mark Carney admitted the threat of a UK property bubble posed the most substantial risk to the state’s economic recovery. [...]

Giles Parkinson: As early as 2018, solar could be economically viable to power big cities. By 2040 over half of all electricity may be generated in the same place it's used. Centralised, coal-fired power is over. Last week, for the first time in memory, the wholesale price of electricity in Queensland fell into negative territory – in the middle of the day. [...]

Total US debt soars to nearly $60 trn, foreshadows new recession! The Federal Reserve Bank of St. Louis released the current data for the total debt in the United States Economy on June 5, 2014 — All Sectors; Credit Market Instruments; Liability, Level (TCMDO). While people, companies, and governments blamed bad weather for a dismal showing in economic activity, it appears they had little troubl [...]

The IMF has approved a $17 billion loan to Ukraine. The first $3.2 billion tranche has arrived on Wednesday. It’s essential to identify the conditions attached to this Mafia-style “loan.” Nothing remotely similar to reviving the Ukrainian economy is in play. The scheme is inextricably linked to the IMF’s notorious, one-size-fits-all “structural adjustment” policy, known to hundreds of [...]

It is ridiculous of Ukraine to accuse Russia of using the gas weapon because the Russians are simply charging normal market prices, Srdja Trifkovic, Foreign Affairs editor at '€˜Chronicles'€™ magazine, told RT. Ukraine's economy is in a shambles and its people are suffering. Is it morally justified to turn the taps off? [...]