SYRIZA leader Alexis Tsipras on Monday urged the government to reject the austerity measures being demanded by its troika of lenders as they would ensure Greece’s exit from the eurozone and would “write the last chapter” in the country’s history under the loan agreement, or memorandum.
Speaking to the leftists party’s MPs, Tsipras referred to articles in the international media over the weekend suggesting that loans to Greece could be stopped [...]
Italy’s oldest bank Banca Monte dei Paschi di Siena (BMPS) has announced plans to cut some 4,600 jobs within the next three years.
This comes after the bank sought the government funds to prevent its imminent failure.
BMPS said on Wednesday that it is set to borrow around 1.5 billion euros (USD 1.87 billion) from the Italian government by the end of the year in a bid to pay off its debt [...]
March 4, 2012
With all of the votes tallied late Saturday night, Romney was the clear winner in the nonbinding poll with 37.65 percent support. Ron Paul finished second, edging Rick Santorum 24.81 percent to 23.81 percent, while Newt Gingrich was well back in fourth place with 10.28 percent. A tick over three percent of the caucus-goers said they were undecided or voted for someone else.
Paul was the only candidate watching [...]
Can’t We Do This Right?
By THOMAS L. FRIEDMAN
Published: July 26, 2011
There is only one thing worse than Republicans and Democrats failing to agree to lift the debt ceiling, and that is lifting the debt ceiling without a well-thought-out plan and with hasty cuts totaling trillions of dollars over a decade. What business do you know — that is still in business — that would operate [...]