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Spain denies needing money to bail out its banks

euro

By Dave Burridge, Economic Editor Rumours have been rife today that Spain would ask for funds to bailout it’s flailing banking sector. Spain has, however, denied these claims but has not ruled out the possibility in the future. Spanish shares rose slightly upon the news. The rumours spread as Spanish banks are finding it incredibly […]

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New leaders see new problems for the EU

EU

By Dave Burridge, Economics Editor This week has seen two very important elections held in France and Greece. Important, not only for the respective countries but for Europe as a whole because the policies these new leaders are pursuing on EU debt are not those of their predecessors’. France have voted in Socialist Francois Hollande as […]

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Race tensions rise during French election

french flag

By Naila Missous  The leader of the National Front party, Marine Le Pen, and Nicolas Sarkozy have reiterated the issue of immigration  during the ongoing election, both using it as a prominent campaign point. The root cause may be pinned down to the desperation of a generation of young French people, ghettoised in dismal suburbs (les banlieues) […]

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French Presidency relies on six million far-right voters

Vision for the G20: Nicolas Sarkozy, Klaus Schwab

By Naila Missous As campaigning continues ahead of the May 6 run off for French president, both candidates set out on Monday to court over six million people who voted for the far-right Front National (FN) party in Sunday’s first round. President Nicolas Sarkozy, who had already swung to the right in the campaign, showed off […]

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Breivik describes the Utoeya massacre

uteoya

By Alex Jones  Day five of the Anders Behring Breivik trial saw the extremist describe in detail how he killed people who were “begging for their lives” on the island of Utoeya. Breivik killed 77 people last July- eight in Oslo with a car bomb and 69 on the island of Utoeya. The 33-year-old told […]

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The Morning Briefing

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By Alex Jones BUDGET 2012: The coalition is under fire over the removal of tax allowances from pensioners. HRMC states this will lead to 4.4m pensioners being an average £83 a year worse off. TOULOUSE SHOOTINGS: The siege of a gunman’s apartment suspected of killing seven people in southern France is nearing its end according to the police. […]

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Are Greek bailouts just postponing the inevitable?

Athens, Parthenon

By Dave Burridge So Greece has once again received a huge bailout package from the EU- this one totalling more than £110bn. But is this just delaying the inevitable default? Greece’s total debt currently stands at an enormous 160% of real GDP, a realistically unsustainable level. However, there is something that is different about this […]

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Snow and ice causes havoc in the UK and Europe

By Hannah Masterson Britain is on amber alert today as huge snowfall causes disruptions nationwide. And things are set to get colder as the big freeze hits parts of the UK. Britain is set to endure bitterly cold nights until Thursday and The Met Office has advised people to “be aware” of the dangers of the […]

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Spanish unemployment rises to 22.8% with youth unemployment at 51%

By Simon Farnsworth Over five million people are now unemployed in Spain, according to figures released by the National Statistics Institute today. The unemployment rate rose to 22.8% in the fourth quarter of 2011- a 17 year high. Spain’s economy has been in free-fall since the property market collapsed in 2008. Now, Spain has the highest unemployment rate […]

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Ultimate review of 2011: December

By Naila Missous, Josh Wells, Dave Burridge, Vanessa Martinez, Cristian Meza, Matt Hill and Richard Smith     Cameron vetoes changes to EU treaty David Cameron took the bold move to veto the proposed treaty changes to the current EU system. The full consequences both in Europe and the UK are yet to be felt. Cameron’s decision created a lot […]

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