All Entries in the "European Financial Crisis" Category
Financial Crisis No Excuse For Inaction On Climate Change: EU
AARE, Sweden (AFP) – The global financial crisis is not a sufficient reason for inaction on tackling climate change, Swedish Environment Minister Andreas Carlgren said on Friday.
His comments came at a meeting of European environment and energy ministers organised by the Swedish EU presidency in Aare, central Sweden.
The Swedish environment minister told delegates that [...]
Italy’s Mafia Thrives In Global Financial Meltdown
NAPLES, Italy – While businesses around the world are hunkering down for survival, the Italian mob is living a golden moment.
Italy’s various organized crime syndicates — often lumped together colloquially as Mafia Inc. — are gobbling up gas stations, muscling in on supermarket franchises, making loans to cash-starved businesses, taking over trattorias and acquiring buildings [...]
Global Economic Crisis Hits German Sex Industry
It did not take long for the world financial crisis to affect the world’s oldest profession in Germany.
In one of the few countries where prostitution is legal, and unusually transparent, the industry has responded with an economic stimulus package of its own: modern marketing tools, rebates and gimmicks to boost falling demand.
Some brothels have cut [...]
Europeans look To Welfare, Not Stimulus, In Crisis
Across a continent long accustomed to big government and high taxes, many Europeans are counting on generous welfare benefits to shield them from the worst of the meltdown. Others worry that loosening interest rates would lead to devastating inflation.
In the American view, the economic house is on fire, and only quick and decisive action will [...]
Spain Makes First Crisis Bank Takeover
MADRID (AFP) – Spain’s central bank took over a struggling savings bank on Sunday and prepared to pour in emergency cash, its first rescue in the financial crisis.
The central bank said in a statement that it placed the Caja de Ahorros Castilla La Mancha (CCM) under special administration, and the government met to discuss [...]
U.S. Officials Push For Global Coordination
NEW YORK (Reuters) – Top U.S. economic officials pressed for global coordination to battle the financial crisis on Monday and the president of the European central bank said there were signs the world economy may be near a turning point, but stock investors continued to signal their anxiety.
As the G20 nations prepare to meet [...]
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