Eurozone Crisis

Why the euro will fail for sure

Greece isn't the issue at all. If the eurozone does not become one country the euro is a goner.

ECB set for rate cut as inflation falls sharply

The European Central Bank is expected to cut its main interest rate for the first time in 10 months on Thursday, driven to act by an economy wallowing in recession and freed to do so by sharply falling inflation.

Why it makes sense for Cyprus to leave the euro

The Cyprus bailout could lead to a 20 percent fall in its GDP. It may benefit from moving out of the euro.

Cyprus' financial repression: when people bail out govts

Cyprus has resorted to financial repression, where it confiscated a chunk of depositors' money. This is financial repression, where governments needing bailouts raid their citizens' savings.

Question after Cyprus: Will govts loot depositors again?

To earn its bailout, Cyprus has forced depositors to share a part of their costs. This is financial repression - and it could happen elsewhere in Europe

Banks saved, but Europe risks 'losing a generation'

Europe has spent hundreds of billions of euros rescuing its banks but may have lost an entire generation of young people in the process, the president of the European Parliament said.

Economic growth in India slowing down, says OECD

The OECD said that the turning points in its indicators tend to precede changes in economic activity by about six months.

Fitch cuts Italy credit rating on election impasse, rising debt

Ratings agency Fitch added to Italy's mounting problems on Friday by cutting its credit rating due to the political uncertainty after last week's election, deep recession and rising debt.

Investors nervous after Fitch warning, gold edges lower

Gold in recent months has lost its safe-haven allure, as the eurozone debt crisis squeezed dollar funding in the market, pushing up borrowing costs.

Govt estimates GDP growth at 5% in FY13, lowest since FY04

India's GDP is estimated to grow at 5 percent in 2012-13, lowest during since 2003-04, on account of slower growth in industry, agriculture and services sector, Parliament was informed today.