Greece election: No party wins majority

Greece election: No party wins majority

In Greece’s Sunday election no party won the majority of seats needed to form a government. The Greek Ministry of the Interior announced that with 95% of the votes counted,...
Europe warned of new crisis

Europe warned of new crisis

(VOVworld)-Europe’s public debt crisis is experiencing new difficulties in the wake of the presidential election in France. The situation is deteriorating. Dutch Prime Minister Mark Rutte resigned...
Boao Forum 2012 opens

Boao Forum 2012 opens

(VOVworld)- The 2012 annual meeting of the Boao Forum for Asia or BFA officially opened on Monday in China's Hainan province. More than 2,000 government, business and academic leaders from around...
G20 finance meeting opens in Mexico

G20 finance meeting opens in Mexico

(VOVWorld)- G20 finance ministers, senior officials and central bank heads are gathering in Mexico to seek measures to sustainably increase the global ecnomic growth while discussing solutions to the Eurozone...
Eurozone approves a second bailout for Greece

Eurozone approves a second bailout for Greece

(VOVworld) – Eurozone finance ministers have agreed a second bailout for Greece to help the country slash its debt to 120.5 percent of gross domestic product. Chairman of the eurozone...
Greece’s debt crisis still acute

Greece’s debt crisis still acute

(VOVworld) Eurozone finance ministers met in Brussels on Monday to consider a deal on the second bailout for Greece worth 130 billion USD and a major write down of privately held Greek...

Greek lawmakers approve austerity bill

(VOVworld)- The Greek parliament approved a deeply unpopular austerity bill to secure a second EU/IMF bailout and avoid national bankruptcy in March
Decade of the Euro

Decade of the Euro

January 1st 2012 marked a decade of the existence of the euro. In contrast to the excitement of the currency’s launch a decade ago, Europe is now fearing a...
Italy: New government, old challenge

Italy: New government, old challenge

Italian Premier Mario Monti has submitted to the Parliament a new austerity program focusing on reducing public debt. Monti’s new unity government is expected to breathe new life...