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Financial Crisis

News

Eight years on - the collapse of Lehman Brothers

US investment bank Lehman Brothers collapsed on September 15, 2008, sparking the the global financial crisis, the effects of which the world is still feeling.

US investment bank Lehman Brothers collapsed on September 15, 2008, sparking the the global financial crisis, the effects of which the world is still feeling.

News

Why money is undermining our financial system

Our global financial system is built around national and multinational currencies managed by state institutions. But the actors driving the global

Our global financial system is built around national and multinational currencies managed by state institutions. But the actors driving the global

Business

Federal Reserve reveals slowdown worries

Federal Reserve January policy meeting minutes show the central bank considered changing the central bank's interest rate hike plans because of a global slowdown and financial market sell-off.

Federal Reserve January policy meeting minutes show the central bank considered changing the central bank's interest rate hike plans because of a global slowdown and financial market sell-off.

Business

Kremlin 'considering stimulus plan for Russian economy'

The Kremlin is reportedly considering a stimulus plan to revive Russia's battered economy that would support - among others - the car industry, railways, construction and agriculture.

The Kremlin is reportedly considering a stimulus plan to revive Russia's battered economy that would support - among others - the car industry, railways, construction and agriculture.

Business

Global markets' quest for stability after Black Monday

After global markets recorded sharp losses on the recent Black Monday a wave of cautious recovery saw them regain some of the largest losses since

After global markets recorded sharp losses on the recent Black Monday a wave of cautious recovery saw them regain some of the largest losses since

News

Where does the Greek debt come from? Part 3/3: The crisis of 2008

Greece’s debt has been a concern for the European Union since 2009. Little by little, attention was drawn away from the first countries within the

Greece’s debt has been a concern for the European Union since 2009. Little by little, attention was drawn away from the first countries within the

News

Where does Greece's debt come from? Part 1/3: the Greek source

Greece’s debt has been a concern for the European Union since 2009. Little by little, attention was drawn away from the first countries within the

Greece’s debt has been a concern for the European Union since 2009. Little by little, attention was drawn away from the first countries within the

News

Where does the Greek debt come from? Part 2/3: European roots

Greece’s debt has been a concern for the European Union since 2009. Little by little, attention was drawn away from the first countries within the euro zone to have austerity measures imposed – Ireland, Spain and Portugal – and eventually, the focus came to rest on Greece. But where does its debt co

Greece’s debt has been a concern for the European Union since 2009. Little by little, attention was drawn away from the first countries within the euro zone to have austerity measures imposed – Ireland, Spain and Portugal – and eventually, the focus came to rest on Greece. But where does its debt co

News

Greece agrees fresh bailout terms: Greek finance minister

Greece has agreed fresh bailout terms with its international creditors according to the country’s finance minister. But Euclid Tsakalotos said “two

Greece has agreed fresh bailout terms with its international creditors according to the country’s finance minister. But Euclid Tsakalotos said “two

News

Greece moves closer to bailout talks as Syriza divisions remain

The Greek parliament took a step closer to negotiations on an new €86bn bailout after MPs voted to reform the judiciary and banking system

The Greek parliament took a step closer to negotiations on an new €86bn bailout after MPs voted to reform the judiciary and banking system

News

Greek spending spree fueled by bank crisis

Those Greeks who can afford it are buying up high value electrical products, using cards, not cash, since ATMs only allow withdrawals of 60 euros at

Those Greeks who can afford it are buying up high value electrical products, using cards, not cash, since ATMs only allow withdrawals of 60 euros at

News

Greece: polling opens in crunch referendum

Greeks are deeply divided as they head to the polls in a referendum to decide the country’s financial future. Polling stations opened at 6am Central

Greeks are deeply divided as they head to the polls in a referendum to decide the country’s financial future. Polling stations opened at 6am Central

News

Eurogroup ministers to discuss new Greece aid proposal

Greece has submitted a new two-year aid proposal to its international lenders in a bid to strike a deal over its debts. Eurogroup ministers will

Greece has submitted a new two-year aid proposal to its international lenders in a bid to strike a deal over its debts. Eurogroup ministers will

News

Eurogroup meeting ends without Greece reforms agreement

The latest Eurogroup meeting wrapped up in Brussels on Wednesday evening without a formal agreement between Greece and its creditors. A spokesperson

The latest Eurogroup meeting wrapped up in Brussels on Wednesday evening without a formal agreement between Greece and its creditors. A spokesperson

News

Fear grows over Greek banks as withdrawals accelerate

With the country’s debt talks deadlocked, there is fear on the streets of Greece. Euronews correspondent Symela Touchtidou has spent the day talking

With the country’s debt talks deadlocked, there is fear on the streets of Greece. Euronews correspondent Symela Touchtidou has spent the day talking

Europe

Breakdown of Greek talks sets up EU summit showdown

The latest breakdown in talks between Greece and its international creditors means any deal will have to be done at an EU summit. Leaders meet in

The latest breakdown in talks between Greece and its international creditors means any deal will have to be done at an EU summit. Leaders meet in

Business

Stock fall globally as Greek talks show no sign of success

Stock markets around the world fell on Monday as concerns about Greece’s finances led to contagion. The losses were broad across risk assets. Major

Stock markets around the world fell on Monday as concerns about Greece’s finances led to contagion. The losses were broad across risk assets. Major

News

Tsipras to meet Hollande and Merkel in Brussels on Wednesday

The Greek Prime Minister Alexis Tsipras is to hold talks with the German Chancellor Angela Merkel and French President Francois Hollande on the

The Greek Prime Minister Alexis Tsipras is to hold talks with the German Chancellor Angela Merkel and French President Francois Hollande on the

News

'Conclusive solution needed' for Greece and Europe, says Tsipras

Greek Prime Minister Alexis Tsipras told parliament in no uncertain terms that a cash-for-reforms plan outlined by the European Commission is both

Greek Prime Minister Alexis Tsipras told parliament in no uncertain terms that a cash-for-reforms plan outlined by the European Commission is both

Business

No bail out for Banco Madrid

There will be no bail out for Banco Madrid from Spain’s bank restructuring fund. The state-funded vehicle, which rescued several Spanish banks during

There will be no bail out for Banco Madrid from Spain’s bank restructuring fund. The state-funded vehicle, which rescued several Spanish banks during

Business

Eurozone inflation falls hit by oil price slump

Eurozone inflation has fallen to minus 0.6 percent equaling the depths it sunk to following the financial crisis. Inflation has slumped due to the

Eurozone inflation has fallen to minus 0.6 percent equaling the depths it sunk to following the financial crisis. Inflation has slumped due to the

News

Greeks optimistic of new credit deal ahead of eurogroup talks

The Greek government remains firmly opposed to implementing more stringent austerity measures but Athens’ stance has renewed optimism that a deal is

The Greek government remains firmly opposed to implementing more stringent austerity measures but Athens’ stance has renewed optimism that a deal is

News

Russian rouble rebounds slightly but remains volatile

The Russian government began selling off foreign currency on Wednesday after the rouble hit an all-time low giving the currency a boost but trading remains nervous.

The Russian government began selling off foreign currency on Wednesday after the rouble hit an all-time low giving the currency a boost but trading remains nervous.