Topic: European Union
It's estimated that 20 to 30 percent of Greek GDP is underground and the government may be losing up to $30 billion a year to tax evasion. Why aren't Greeks paying up?
05/03/2010 12:23 pm
The Greece debt crisis, which is still subject to German parliamentary approval and may be challenged in court, is putting unsustainable stress on the European Central Bank, some analysts say.
04/30/2010 09:23 am
No longer a mere threat, the Greek financial crisis has spread to the eurozone and has raised concern over contagion.
04/29/2010 03:25 pm
The final UK election debate Thursday night is supposed to focus on the economy, a strong issue for the Labour Party. But Prime Minister Gordon Brown's outburst after meeting a working-class supporter may give further boost to Conservative David Cameron and Liberal Democrat Nick Clegg.
04/29/2010 10:56 am
Thailand’s red shirt protesters on Thursday asked the European Union to send monitors to prevent a violent crackdown, one day after they clashed again with soldiers. Nobel peace laureate and East Timor President Jose Ramos-Horta, whose country sought foreign aid against political violence, offers advice on outside mediators.
04/29/2010 09:46 am
The Greek debt crisis continued to roil European debt markets on Wednesday after a leading rating agency cut the country's debt status to junk. While short term aid to Greece is a near certainty, economists warn that more international cash – and painful political steps in Athens – will be needed.
04/28/2010 06:26 pm
Europe could be in for some major belt-tightening to handle the Greek debt crisis, as well as problems in Spain, Portugal, and Ireland. That could slow US economic growth somewhat.
04/28/2010 05:48 pm
World stock markets fell as prospects grew that the Greek debt crisis is spreading to Portugal and other indebted nations.
04/28/2010 09:26 am
The Ukraine parliament approved a deal today to extend a Russia naval lease on Sevastopol in exchange for cheaper gas, despite an egg-throwing fracas by enraged opposition members.
04/27/2010 12:51 pm
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