Showing posts with label debt crisis. Show all posts
Showing posts with label debt crisis. Show all posts

Wednesday, July 12, 2023

Half Of World Sinking In Debt Crisis, Warns UN Chief

Debt Crisis

Half of humanity lives in countries that are forced to spend more on servicing their debt than on health and education, which is nothing less than a "development disaster," UN Secretary-General Antonio Guterres said Wednesday.

Monday, July 18, 2022

Western Sanctions to Bring Third World ‘to Its Knees’, Not Russia - Sri Lankan PM

 

 Sri Lanka’s acting president, Prime Minister Ranil Wickremesinghe said on Monday that Western sanctions introduced against Russia won’t bring it down to its knees, while third world countries will suffer.

Tuesday, August 22, 2017

Russia pays off balance of Soviet Union's foreign debt.

Moscow
Moscow made the final payment on the remaining foreign debt inherited from the Soviet Union. Russia took on the debt after the other former Soviet republics refused to pay.

Tuesday, July 18, 2017

Germany made over €1bn out of Greek debt crisis

Greek debt crisis
Since the beginning of Greece’s crisis in 2009 Germany’s Finance Ministry has cashed in to the tune of €1.3 billion as a result of its loans to Athens and its debt buying programs reports Euractiv.

Monday, May 1, 2017

Greeks Mark May Day with Strike, Demos against Fresh Cuts

Greek trade unions marked May Day on Monday with a 24-hour nationwide strike and protests against looming new cuts demanded by the country's creditors in return for bailout cash.

Thursday, September 10, 2015

Dozens of Schools in Greece to Stay Closed Despite Start of New School Year

 Greece will not be able to open dozens of schools and kindergartens across the country due to a lack of teaching staff despite the scheduled start of the new school year, local media reported Thursday.

Wednesday, June 24, 2015

Melbourne home to thousands of Greeks fleeing debt crisis

Thousands of Greek nationals are fleeing their home country to come to Australia, with many choosing to settle in Melbourne, local media reported on Wednesday.