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Archives for Financial crisis

The following story was published on Tuesday 3rd March. At an EU informal summit on Sunday (1 March), leaders from Central and Eastern European countries strongly criticised Western media for depicting their countries as “black holes” and major threats to economic stability. “Eastern European countries need to repay short-term debts of more than $400 billion… » read more

Posted by Stuart Langridge

The leaders of the world’s twenty wealthiest nations have unveiled a five-point action plan to reform global financial markets after the credit crunch started to hit the real economy, plunging most of Europe and the United States into recession. Meeting at a summit in Washington over the weekend (15 November), world leaders agreed that additional… » read more

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