600 dead in record Europe freeze – Tens of thousands stranded by snow

By Sahit Muja, NY Economy and Politics Examiner11 February 2012 Europe’s record freezing temperatures have claimed hundreds of lives, snarled traffic and trapped hundreds of thousand of residents in remote villages . At least seven people died and three others were missing after an avalanche hit the village in Kosovo. There are reports of weather-related […]

Video: Clashes in Greece over bailout demands

By Harry Papachristou and Dina Kyriakidou, with additional reporting by Karolina Tagaris in Athens, Stephen Brown in Berlin; Writing David Stamp; Editing by Louise Ireland10 February 2012 ATHENS (Reuters) – Greek Prime Minister Lucas Papademos told his turbulent coalition government on Friday to accept a harsh international bailout deal or condemn the nation to catastrophe. […]

Greece’s Great Depression: ‘We are afraid the humanitarian crisis can develop into a humanitarian catastrophe’

By Keith Miller, NBC News correspondent8 February 2012  ATHENS – When you touch down in Athens, the signs of an economic slump are immediately evident. The arrivals hall in the domestic terminal is almost deserted, with flights within Greece having been cut back by about 25 percent. Outside the taxi pick-up point stretches a long […]

Loss of sea-ice bringing Arctic cold to Europe

By Steve Connor4 February 2012 The bitterly cold weather sweeping Britain and the rest of Europe has been linked by scientists with the ice-free seas of the Arctic, where global warming is exerting its greatest influence. A dramatic loss of sea ice covering the Barents and Kara Seas above northern Russia could explain why a […]

Eurozone unemployment at new record high

31 January 2012 (PA) – Unemployment in the 17-nation eurozone ended 2011 at 10.4 per cent, a new record high for the single currency since its launch at the start of 1999, official figures showed today. Eurostat, the EU’s statistics office, said the rate in December was unchanged, as November’s was revised upwards from a […]

Graph of the Day: National Current-Account Balances as a Percentage of World Gross Product, 1996-2013

The large and persistent external imbalances in the global economy that have developed over the past decade remain a point of concern for policymakers. Reducing these imbalances has been the major focus of consultations among G20 Finance Ministers under the G20 Framework for Strong, Sustainable and Balanced Growth and the related Mutual Assessment Process (MAP) […]

Protecting the seas is good business: UN

25 January 2012 (Agence France-Presse) – The worldwide fishing industry could benefit from a $50 billion boost annually if stocks were allowed time to recover, the UN said Wednesday. Already 32 percent of the world’s fish stocks have been depleted by years of overfishing and poor coastal management, according to a UN Environment Programme report […]

Food waste denounced by ministers as almost 1 billion people go hungry

By Rudy Ruitenberg23 January 2012 Food waste was denounced by farm ministers and policy makers gathered in Berlin as almost 1 billion people in developing countries go hungry. Consumers in rich countries dispose of 220 million metric tons of food waste every year, equal to the entire food output of sub-Saharan Africa, Jose Graziano da […]

Polluted London air ‘puts Olympic athletes at risk’

By Josephine Forster and Michael McCarthy 16 January 2012 Olympic athletes could suffer impaired performance times and become ill as a result of London’s unacceptably high levels of air pollution, leading respiratory scientists are warning. Fears are growing that during the Games, beginning in July, athletes, who take in much more air than a sedentary […]

With work scarce in Athens, Greeks go back to the land

By RACHEL DONADIO8 January 2012 CHIOS, Greece – Nikos Gavalas and Alexandra Tricha, both 31 and trained as agriculturalists, were frustrated working on poorly paying, short-term contracts in Athens, where jobs are scarce and the cost of living is high. So last year, they decided to start a new project: growing edible snails for export. […]

Social media & sharing icons powered by UltimatelySocial