AP - Greeks angered by a vicious and protracted financial crisis punished their two main parties in national elections Sunday, with exit polls projecting no party gaining enough votes to form a government.
The conservative New Democracy party appeared the most likely to win the top spot, while the extreme right-wing Golden Dawn seemed set to gain parliamentary seats for the first time. Days of talks are likely to ensue as parties [...]
The European Central Bank will leave rates on hold on Thursday and continue to assess the impact on the economy of two rounds of cheap, 3-year funding for banks, analysts told CNBC, warning that the bank’s ability to fight the crisis is waning.
The funding operations, launched in December and at the end of February, were welcomed by many analysts, who argued that they stabilized Europe’s banking system and prevented [...]
“La France compte 65 millions de sujets, sans compter les sujets de mécontentement”. From a political standpoint, the famous sentence by 19th century polemicist Henri Rochefort applies perfectly: French voters are angry and politicians are struggling to respond to their anger. But from a market perspective, there are only three serious topics: first, public finances; second, competitiveness; and third, the country’s stance in Europe. The question is whether the [...]
February 29, 2012
Premier Enda Kenny said Dublin was acting on legal advice from Ireland’s attorney-general that “on balance” the fiscal compact requires a vote under the country’s constitution. “It gives the Irish people the opportunity to reaffirm Ireland’s commitment to membership of the euro,” he told ashen-faced members of the Dail.
All three major parties back the treaty but analysts say there is a high risk of rejection by [...]
WASHINGTON (AP) — A combative President Barack Obama challenged a divided Congress on Thursday to unite behind his jobs bill or get ready to be run “out of town” by angry voters. Hoping to use public frustration and economic worry as leverage, he called his proposal an insurance plan against a painful return to recession.
In a news conference long on [...]
A Connecticut legislator has taken a drastic measure to avoid people on the street complaining to him about increased taxes.
How much are legislators feeling the pressure of voting on a budget that raises taxes during an economic crisis?
Rep. Zeke Zalaski, a Democrat from Southington, has taken the legislative plates off his car because of complaints he gets about taxes when he fills up with gas, he [...]