austerity

Austerity necessary to regain credibility: Greek PM


September 9th, 2012 - 7:14 pm ICT by IANS
Athens, Sep 9 (IANS) Greek Prime Minister Antonis Samaras has stressed that a fresh austerity package under discussion is necessary to regain credibility and overcome the threatening debt crisis."We are ... Read more...

Posted in Business |

Italy within reach of economic recovery: Italian PM


September 6th, 2012 - 1:15 pm ICT by IANS
Rome, Sep 6 (IANS) Italy has averted the worst case scenario of the debt crisis and economic recovery in the eurozone's third largest economy is within reach, Italian Prime Minister ... Read more...

Posted in Business |

Cash-strapped Greece cuts government jets


August 28th, 2012 - 10:29 am ICT by IANS
Athens, Aug 28 (IANS/RIA Novosti) The Greek government has officially announced it was getting rid of a set of three jets as part of the debt-laden country's cost-cutting efforts.A government ... Read more...

Posted in World |

Future of community culture in plywood grid boxes (With Image)


August 21st, 2012 - 11:47 am ICT by IANS
New Delhi, Aug 21 (IANS) A multi-purpose vertical box as the culture space of the future? When built space in crammed urban metropolises shrink to matchbox settlements, popular culture and ... Read more...

Posted in Environment |

Majority of Israelis dissatisfied with Netanyahu


August 2nd, 2012 - 7:56 pm ICT by IANS
Jerusalem, Aug 2 (IANS) Public support for Israeli Prime Minister Benjamin Netanyahu has hit an all-time low, according to a poll published in Ha'aretz daily, which found that more than ... Read more...

Posted in Politics |

Spain’s unemployment rate edges up


July 28th, 2012 - 12:24 pm ICT by IANS
Madrid, July 28 (IANS/EFE) Spain's economic crisis continued to take its toll on employment in the second quarter, with the jobless rate edging up to 24.6 percent overall and more ... Read more...

Posted in Business |

Bill Clinton calls for support to Greek economy


July 23rd, 2012 - 9:57 am ICT by IANS
Athens, July 23 (IANS) Former US president Bill Clinton has called for support to the ailing Greek economy.Clinton, who is US Secretary of State Hillary Clinton' husband, gave a call ... Read more...

Posted in Politics |

15 arrested in anti-austerity protests in Spain


July 21st, 2012 - 11:10 am ICT by IANS
Madrid, July 21 (IANS/EFE) Fifteen people were arrested and 16 sent to hospitals with minor injuries as a result of clashes that followed an anti-austerity protest in the Spanish capital.Similar ... Read more...

Posted in Business |

Spain’s risk premium hits euro-era record


July 20th, 2012 - 12:20 pm ICT by IANS
Madrid, July 20 (IANS/EFE) Pressure on Spain's debt markets briefly sent the yield on the country's benchmark 10-year bond above 7 percent Thursday and caused the Iberian nation's risk premium ... Read more...

Posted in Business |

Spanish royals cut their own pay


July 18th, 2012 - 11:51 am ICT by IANS
Madrid, July 18 (IANS/EFE) Spain's King Juan Carlos decided to cut his salary and that of Crown Prince Felipe by 7.1 percent in line with government-mandated reductions in pay for ... Read more...

Posted in Business |

Pay cut spurs more protests by Spanish public employees


July 17th, 2012 - 12:33 pm ICT by IANS
Madrid, July 17 (IANS/EFE) Protests by public employees against the Spanish government's decision to cut their pay as part of a new austerity package continued here Monday.Prime Minister Mariano Rajoy's ... Read more...

Posted in Business |

Spanish government approves austerity package


July 14th, 2012 - 1:01 pm ICT by IANS
Madrid, July 14 (IANS/EFE) Spain's conservative Popular Party government has approved a new austerity package, its fourth in seven months, saying the measures it contains are justified by the country's ... Read more...

Posted in Business |

Spain to trim another $80 bn with new austerity measures


July 12th, 2012 - 12:41 pm ICT by IANS
Madrid, July 12 (IANS/EFE) Spanish Prime Minister Mariano Rajoy announced Wednesday the fourth austerity package of his seven-month-old administration, a move aimed at achieving 65 billion euros ($80 billion) in ... Read more...

Posted in Business |

Spain’s recession to worsen, says minister


July 2nd, 2012 - 12:52 pm ICT by IANS
Navacerrada (Spain), July 2 (IANS/EFE) Spain's economic recession is getting worse, and the economic figures from the second quarter point to a "slightly greater" decline of the gross domestic product ... Read more...

Posted in Business |

Samaras begins coalition talks for a Greece government (Second Lead)


June 18th, 2012 - 9:20 pm ICT by IANS
Athens, June 18 (IANS) Antonis Samaras, the leader of the New Democracy party, which narrowly won Greece's election has begun holding urgent talks to form a coalition, saying he wishes ... Read more...

Posted in Politics |

New Democracy party asked to form Greek government


June 18th, 2012 - 7:58 pm ICT by IANS
Athens, June 18 (IANS/RIA Novosti) Greece President Karolos Papoulias has tasked Antonis Samaras, the head of the conservative New Democracy party, with forming a government, according to Greek state ... Read more...

Posted in Politics |

US stocks retreat after short relief rally


June 12th, 2012 - 1:19 am ICT by IANS
New York, June 11 (IANS) US stocks retreated after a short rally Monday as enthusiasm on the Spanish bank aid package faded.Spain will be lent up to 100 billion euros ... Read more...

Posted in Business |

Pakistani parliamentarians’ perks criticised


June 11th, 2012 - 12:32 pm ICT by IANS
Islamabad, June 11 (IANS) A proposal for a 100 percent increase in travel allowance of Pakistani parliamentarians has been criticised by a daily since it comes at a time when ... Read more...

Posted in South Asia |

Unemployment rate hit record high in Greece


June 8th, 2012 - 12:39 pm ICT by IANS
Athens, June 8 (IANS) The jobless rate in Greece hit a record high of 21.9 percent in March, official data showed.The figure was up from 21.4 percent in the previous ... Read more...

Posted in Business |

US Defence Secretary to visit India in June


May 23rd, 2012 - 12:30 pm ICT by IANS
Washington, May 23 (IANS) Calling developing the US-India relationship as a priority for the United States, Defence Secretary Leon Panetta will travel to India in the first week of June, ... Read more...

Posted in World |

Opposition slams UPA’s performance on third anniversary


May 22nd, 2012 - 8:40 pm ICT by IANS
New Delhi, May 22 (IANS) Opposition Bharatiya Janata Party (BJP) and the Communist Party of India-Marxist (CPI-M) Tuesday slammed the Congress-led UPA-II government's performance on its third anniversary, saying ... Read more...

Posted in Politics |

NATO summit kicks off in Chicago


May 21st, 2012 - 3:35 am ICT by IANS
Chicago, May 21 (IANS) Heads of state and government of 28 member countries of the North Atlantic Treaty Organization (NATO) Sunday kicked off their 25th summit in Chicago.In his ... Read more...

Posted in World |

Merkel advises Greek referendum on euro membership


May 19th, 2012 - 1:46 am ICT by IANS
Athens, May 19 (IANS) German Chancellor Angela Merkel has suggested to Greek President Karolos Papoulias to hold a referendum on the country's membership in the Eurozone during parliamentary polls, RIA ... Read more...

Posted in World |

Officials defend minister’s trip to US to get Dreamliner


May 18th, 2012 - 10:12 pm ICT by IANS
New Delhi, May 18 (IANS) Civil aviation ministry officials Friday defended Minister Ajit Singh's visit later this month to the US to receive the first of the 27 Boeing-787 Dreamliners, ... Read more...

Posted in Business |

Fitch cuts Greece’s rating


May 18th, 2012 - 1:49 pm ICT by IANS
London, May 18 (IANS) International ratings agency Fitch has announced cutting Greece's credit rating from B- to CCC, citing the "heightened risk" that Greece could leave the euro zone.Recent Greek ... Read more...

Posted in Business |

Fitch cuts Greece credit rating


May 18th, 2012 - 2:45 am ICT by IANS
London, May 18 (IANS) International ratings agency Fitch has cut Greece's credit rating from B- to CCC, citing the "heightened risk" that Greece could leave the euro zone.Recent parliamentary elections ... Read more...

Posted in Business |

India pitches for ratings upgrade from Fitch


May 17th, 2012 - 9:04 pm ICT by IANS
New Delhi, May 17 (IANS) The Indian government Thursday asked Fitch to upgrade the country's sovereign ratings, claiming that current account and fiscal deficit were under control and flow ... Read more...

Posted in Business |

Greece to vote in new polls June 17


May 17th, 2012 - 6:33 am ICT by IANS
Athens, May 17 (IANS/RIA Novosti) Greece will hold new parliamentary polls June 17 and a court official will head an interim government until then, state television reported.Council of State head ... Read more...

Posted in World |

Hollande, the next French president (Lead)


May 7th, 2012 - 5:00 pm ICT by IANS
Paris, May 7 (IANS) Socialist Party leader Francois Hollande defeated incumbent President Nicolas Sarkozy in Sunday's decisive presidential runoff in France and will now become president though he has never ... Read more...

Posted in Politics |

Thousands protest in Spain to defend health care, education


April 30th, 2012 - 12:30 pm ICT by IANS
Madrid, April 30 (IANS/EFE) Thousands of people turned out Sunday in cities all over Spain to defend health care and education and to express their rejection of the government's plans ... Read more...

Posted in Politics |

Spanish economy back in recession


April 24th, 2012 - 10:51 am ICT by IANS
Madrid, April 24 (IANS/EFE) Spain's gross domestic product shrank 0.4 percent in the first three months of this year after contracting 0.3 percent in the fourth quarter of 2011, according ... Read more...

Posted in Business |

US stocks slide on European concerns


April 24th, 2012 - 3:32 am ICT by IANS
New York, April 24 (IANS) US stocks slid Monday as concerns over European situations once again plagued the market.The Dow Jones industrial average lost 102.09 points, or 0.78 percent, to ... Read more...

Posted in Business |

US stocks continue downward trend


April 11th, 2012 - 3:20 am ICT by IANS
New York, April 11 (IANS) US stocks continued the downward trend Tuesday as concerns over European debt problems resurfaced amid rising borrowing costs in Spain and Italy.US stocks logged four ... Read more...

Posted in Business |

Boost cooperation, IMF chief urges


April 4th, 2012 - 1:07 am ICT by IANS
Washington, April 3 (IANS) The head of the International Monetary Fund (IMF) Tuesday called for global cooperation to increase the IMF's ability to tackle challenges, warning that the world's economic ... Read more...

Posted in Business |

Obama urges Congress to pass ‘Buffett Rule’ for higher tax on rich


March 31st, 2012 - 11:49 pm ICT by IANS
Washington, March 31 (IANS) US President Barack Obama urged Congress Saturday to pass the "Buffett Rule" tax plan, which is designed to increase the tax rate on the wealthiest ... Read more...

Posted in Politics |

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