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Athens (RP). Greece is heading for its fifth consecutive year of recession. The economy of the country threatened by bankruptcy shrinking, between April and June, 6.2 percent a year earlier,

In total, there were 1,147,372 unemployed Greece in May, a figure up 3.1% on month and 37.2% year on year. Overall, unemployment has more than doubled since 2010.

MADRID: Spanish Prime Minister Mariano Rajoy faces a cloudy return from his short summer break as his expected request for European aid in September will spur protests on the street and deepen cracks emerging in his conservative People's Party.

The European economic crunch will have a worsening impact on the European export sector, with shipments from six key industries as well as tourism facing recession

08/09/2012 · The European Central Bank expected to Labour in the Euro-crisis countries earn less. In addition, the minimum wage would decrease employment protection and be relaxed.

The European single currency was last traded 0.5 percent lower at $ 1.2303. In the provisional daily high of € had risen to 1.2387, down in the deep up to $ 1.2286. On Wednesday, the euro lost 0.3 percent against the dollar.

The Anglo-Dutch oil giant Shell plans to move investments from Europe to the United States.

Warren Buffet Hoarding Cash The cash position of Berkshire rose after the announcement of information to regulatory authorities, dated 3 August in the second quarter by 7.5 percent to 40.7 billion dollars

Corporations and banks lose confidence that the recovery can succeed in the euro.

Italy’s Prime Minister Mario Monti said the permanent rescue fund will gain access to European Central Bank liquidity via a bank license, challenging German policy makers to back more actions to tame the euro-area crisis.