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Archive for the Category ‘Finance’

S&P Announces Greek Default is Certain

S&P Announces Greek Default is Certain

Tweet Number of View :41Greece is inevitably seeing the enhancing probability of default albeit creditors’ settled agreements on the deal set to diminish the country’s widespread debt amount. “Even with the records dealt and debated upon, Greece’s debt load will certainly remain “extremely high” while its credit rating status will downgrade more,” John Chambers, S&P [...]

490,000 Jobs Slashed in UK

490,000 Jobs Slashed in UK

Tweet Number of View :1104 Deep budget cuts were announced to be on the agenda of the British government. This new motion, according to the finance minister of the UK, is due to their efforts to combat the biggest structural budgetary deficit of Europe. George Osborne, chancellor of the UK, said to House of the [...]

Pension Reform a crucial test in Sarkozy’s Presidency

Pension Reform a crucial test in Sarkozy’s Presidency

Tweet Number of View :738 Thousands of protesters in France, Paris has been rallying in the streets to show their disapproval of against the proposal of the government to increase the retirement age of its citizens to sixty two. Two miles long lines of Protesters filled the streets of Bastile Square in Paris. All of [...]

Jobless Claims Highest In Nine Months

Jobless Claims Highest In Nine Months

Tweet Number of View :270Unemployment benefit claims this past week reached an all time high since November 2009, proving that the economic situation in the US has not improved. Although the figures are lower than it was on the same month last year, it is still discouraging for most economists who are watching the numbers, [...]

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