Budget

Eurozone leaders meet “conclude talks on Greece,” EU summit cancelled

A summit of all EU leaders scheduled for Sunday has been cancelled with eurozone leaders only meeting to “conclude talks on Greece” On Saturday, a meeting of Eurogroup finance ministers was adjourned without reaching any conclusion. Early on Sunday, Donald Tusk, the president of the European Council, tweeted that the eurozone leaders’ meeting will start […]

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Greek banks to go bankrupt Monday if no debt deal – FT

As cash withdrawals from Greek banks reach €100 million a day the country’s banking system will end up bankrupt on Monday if no deal with creditors is reached over the weekend, some senior bank executives told the Financial Times (FT) on Friday. Cash withdrawals are at a high rate despite capital controls imposed by the […]

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“Our dignity is no game”: Greece not “visitor”, does not need EU permission for referendum – PM

As an equal member of the EU, Greece does not need to ask permissions from anyone to let the Greek people speak and have their voices heard, PM Tsipras told his parliament, promising that the state’s sovereignty and future will be decided via referendum. Referendums have been used all across Europe as a way for […]

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“Impeach Poroshenko!” Massive anti-govt rally held in central Kiev

A massive march took place in the streets of Kiev to protest against the policies of the current Ukrainian government, calling for its resignation and economic reforms. According to TASS news agency, up to 3,000 people took to the streets in Kiev on Saturday to protest against lack of reform and economic instability.

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“If Syriza goes back on its promises to end austerity, its finished”

A fundamental problem for Greece is that at the end of the day it wants to be in Europe but doesn’t want to have austerity policies, Mark Blyth, professor of political economy at Brown University, told RT’s “In the Now.” Greece has delayed its IMF debt payment until the end of June.

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Russia unimpressed with NATO’s “We are the War” performance

Let’s consider for a moment what the response would be from Washington if Russia announced the start of international war games near American borders. Impossible you say? Yet that is almost exactly what the Pentagon has announced near Russia. “The Russian Ministry of Defense has announced that over 350 Russian soldiers and 80 armored vehicles […]

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Finland: Exhibiting strain of northern independence

Finland has struck a blow for genuine exceptionalism in Europe. Anti-NATO parties dominated polls while Euroskeptic cred was championed not only by the longstanding anti-EU party, but also, uniquely within the eurozone, by the Social Democratic party. Depending on your perspective, Finland may conjure recollections anywhere from Sibelius’ exquisitely lyrical Karelia Suite to the speedy […]

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US acts in Ukraine as if it is its 51st state

Washington has been implementing its policy in Ukraine like it is part of the US even it is half way around the world, Richard Becker from the anti-war Answer coalition told RT. The Minsk agreements demand that both sides stop fighting and withdraw heavy weapons. But the US State Department suggested that supplying weapons to […]

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Ukraine in “full-blown financial crisis” – National Bank head

Ukraine’s GDP shrank by 7.5 percent from January till November 2014, as foreign exchange reserves fell to their lowest level since 2009, and inflation jumped to 21 percent by November, admits the head of the Ukraine’s National Bank, Valeriya Gontareva. The country’s foreign exchange reserves shrank to $9.9 billion, as Kiev gave Naftogaz an estimated […]

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Saudi Arabia braces for $39bn deficit to cut wages due to low oil prices

The number one crude oil exporter, Saudi Arabia, has projected a $39 billion deficit in 2015. The impact of lower oil prices, along with the decision not to cut production, is putting pressure on the country’s finances. The figure was part of the endorsed 2015 budget, which was made public in a statement read out […]

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Euromaidan 1st birthday: How the Kiev coup grew (Op-Edge)

It’s been a year since thousands of peaceful protesters took part in the initial Euromaidan rallies in Kiev, hoping for a brighter future. Since that optimistic start, the state has been torn to shreds and now its very future is in doubt. Ironically, Maidan was the cause, although it’s probable that, eventually, Ukraine would have […]

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“EU may become an increasingly declining part of the world”

The eurozone has huge problems and is holding back the global economy from growing, however the world in general is doing ok, Jim O’Neill, former chairman of Goldman Sachs Asset Management, told RT. Europe’s had a hard time economically in the last few years, with 2014 seeing an especially sharp slowdown in growth. What’s behind […]

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House of Perks: MPs claim record £103mn in expenses

MPs’ staff, travel and accommodation costs reached £103 million last year, up from £99 million the previous year and £95 million in 2009 – the peak of the parliamentary expenses scandal. More than £80 million was spent on staff salaries and £11 million on office costs. The bill for accommodation, covering hotels, rented homes and utility bills, was […]

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Nuclear costs Britain a bomb? Cleanup bill reportedly spikes £6 billion

The cost of decommissioning Britain’s nuclear sites, and particularly the Sellafield complex, has increased by billions of pounds with both regulators and the government being accused of incompetence by anti-nuclear campaigners and union leaders. The estimated cost of decommissioning the UK’s nuclear legacy over the next century has rocketed from £63.8 billion ($104.1 billion) two […]

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Canada opposes NATO budget boost – sources

The NATO chief wants member states to agree to increase their defense spending at next week’s summit. But Canada is determined to block the move, Reuters reports, citing anonymous sources familiar with negotiations on the issue. NATO would like to see its member states commit to raising their defense spending to 2 percent of GDP […]

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