Greece Trumpets Return to International Bond Market

ATHENS — Greece’s return to the financial markets with a five-year bond offering on Thursday was met with overwhelming demand from investors, and government officials hailed the sale as proof that the country was recovering from a wrenching five-year economic crisis.

'Yugonostalgia' as Croatia prepares to join EU

Forget the European Union, many in this Croatian village are saying. The group of nations being celebrated this weekend is one that died more than 20 years ago when Yugoslavia - now fervently remembered as a haven of peace, prosperity and equality - fell apart in a cascade of ethnic wars.

Greek private sector credit shrinks 3.5 per cent in March, decline slows

ATHENS: Bank lending to Greece's private sector contracted in March but at a slower pace compared to a month earlier, central bank data showed on Friday, as tighter credit conditions and a protracted economic slump sap demand for loans.

Britain dodges recession as economy grew in Q1

LONDON (AP) — Britain dodged recession after official figures showed the economy grew in the first quarter — a better-than-expected result that offered a bit of breathing space to a government facing criticism for its tough austerity policies.

Greece, in trouble elsewhere, boosts cooperation with Turkey

ISTANBUL (Reuters) - Beset by economic crisis at home, Greece took a symbolic step towards improving relations with long-time arch rival Turkey on Monday by pledging to double annual trade with its eastern neighbor over the next three years.

Arabs offer Palestinians $100 million a month "financial safety net"

DOHA (Reuters) - Arab states agreed to provide the Palestinian Authority with a $100 million monthly "financial safety net" to help President Mahmoud Abbas's government cope with an economic crisis after the United Nations granted de facto statehood to Palestine

EU set to make its mind up over trade talks with Japan

(Reuters) - Britain is trying to convince France and Italy to agree to negotiations with Japan to create a free-trade area with the European Union despite concerns that a deal would hurt the continent's weaker carmakers.

French business erupts in fury against "disastrous" François Hollande

France is sliding into a grave economic crisis and risks a full-blown “hurricane” as investors flee rocketing tax rates, the country’s business federation has warned.

China faces instability risks as gap between rich, poor widens

BEIJING: A spectre of instability awaited China as the widening gap between rich and poor reached "dangerous levels of wealth inequality", a report by a Chinese NGO has said ahead of a key meet of the ruling Communist Party to select new leadership.

Emergency tax on rich could drive away wealth creators, warns George Osborne

George Osborne effectively ruled out Nick Clegg's plans for an emergency tax on the rich today claiming the government should be wary of driving away the wealth creators.

Dire jobs data deal blow to Obama reelection hopes

WASHINGTON: Dire new unemployment data and a rise in the jobless rate dented Barack Obama's reelection hopes Friday and boosted his foe Mitt Romney who brands the president a failure who cannot create jobs.

Australia, China to Push for Europe Stimulus At G-20

SYDNEY—Australia will back China in using next month's Group of 20, or G-20, summit in Mexico to push for Europe's struggling economies to change direction and focus on growth instead of austerity, the country's Foreign Minister Bob Carr said Friday.

Obama sees 'emerging consensus' on economic fix

CAMP DAVID, Md. (AP) — Confronting an economic crisis that threatens them all, President Barack Obama and leaders of other world powers on Saturday declared that their governments must both spark growth and cut the debt that has crippled the European continent and put investors worldwide on edge.

Mexico leader looks for G20 financial checks

Mexican President Felipe Calderon, the current G20 chair, called Monday for stricter rules for financial institutions, underlining their shared responsibility in the economic crisis.

G20 Fails to Solve Global Economic Crisis

From G4 to G7 to G20, the capitalist leaders have used the forums to protect imperialist trends and capillarity corporate exploitative profit interests. Some over greedy nations from developing world looking to gain access to manoeuvrings by US-UK terror twins have joined the club to secure some place on the "high" stable but n fact only assist the G7 rogues that control the UNSC-5 to mainly promote their interests.

The most crucial issue of climate change has remained either on the periphery of debates of G20 or just found nowhere.

G20 and the iron law of oligarchy amid world crisis

The world has seemed in panic. International media, as if unanimously, have been reporting the dramatic fall of shares in worldwide stock markets, believed to have been affected by the declining credit rating of the United States and the debt defaults in Spain, Italy and Portugal.

Time and again the international community has looked to the Group of 20 (G20) when the world is on the verge of economic crisis.