Europe

Max Keiser: West bankers destroy global economy

Submitted by Rain on Fri, 07/27/2012 - 05:47

Published on Jul 26, 2012 by
 

UK economic output has plummeted in the second quarter: the Diamond Jubilee and exceptionally wet weather cited as reasons for lack of growth. As a matter of fact its UK's longest double-dip recession on record. Furthermore, economic news out of Europe remains grim: From Spain's banking crisis, to manipulated interest rates, known as Libor, to the persistent eurozone debt crisis, not to mention Greece being ever closer to leaving the eurozone. Even Germany, Europe's economic powerhouse, is not immune. This edition of News Analysis takes a look at how deeply in trouble Europe is.

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Farmed & Dangerous: Dairy demos vs corporate herd

Submitted by Rain on Wed, 07/25/2012 - 08:15

Published on Jul 23, 2012 by

Europe's dairy farmers are feeling the squeeze - they say big business is forcing milk prices down to below the cost of production. And they say they're getting nowhere with their EU MPs, who they accuse of following the corporate herd. RT's Tesa Arcilla has more.

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Euro-Contagion: Germany outlook 'negative' over nonstop debt debacle of others

Submitted by Rain on Tue, 07/24/2012 - 18:33

Published on Jul 24, 2012 by

Rating agency Moody's has set itself on a collision course with German Chancellor Angela Merkel - after changing the country's credit outlook to negative. The agency even hinted at possible downgrades - if the Eurozone gets worse. But Merkel immediately fired back that Germany would remain Europe's financial haven, despite the Eurocrisis.

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