[anyplayer:url=http://rt.com/files/business/news/eu-summit-fiscal-treaty-573/icb5a4aeff65ec44f05d5fd197ce4e276_business-arcillia.flv] Hot on the heels of the ECB’s half-trillion-euro handout to 800 banks, 25 EU member states have signed a fiscal treaty committing them to balance their budgets. The move has stoked public anger, with…
Tag: debt crisis
BRICS member-states are preparing a world banking revolution. They are planning to nominate an alternative candidate for the post of the Chairman of the World Bank for the first time in history. BRICS also demands…
The European debt crisis continues to deteriorate while the Standard& Poor cut the sovereign credit rating at Friday last week which caused the risk of collapse in the global stock market. At the end of…
China should press ahead in diversifying its foreign exchange reserves to reduce the impact of the turbulence hitting the US economy, but the immediate effect of any default or downgrading in Washington would be unavoidable,…