Europe’s banks and politicians are at odds over measures to stop Greece’s crisis from affecting the entire Eurozone.
EU ministers propose $200 million compensation to farmers affected by the E.coli outbreak in Germany.
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Thousands of demonstrators are continuing their protest in Spain against the country’s economic crisis. With nearly five million people jobless, Spain has the highest unemployment rate in Europe. Gerry Hadden has more. Download MP3
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Spain’s Catalonia region has policies protecting small local businesses from big chains and malls. But now the European Union says those rules are illegal. The World’s Gerry Hadden reports on the big chain-local business debate in Barcelona. Download MP3Audio clip: Adobe Flash Player (version 9 or above) is required to play this audio clip. Download the latest version here. You also need to have JavaScript enabled in your browser.
The World’s Clark Boyd reports that Japan’s troubles with its quake-damaged nuclear reactors are prompting European leaders to reassess the safety of their own reactors, and Europe’s reliance on nuclear energy in the future. Download MP3Audio clip: Adobe Flash Player (version 9 or above) is required to play this audio clip. Download the latest version here. You also need to have JavaScript enabled in your browser.
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The European Commission has launched a new investigation of internet giant Google, after other search engine companies complained Google was abusing its dominant market position. The World’s Technology Corresondent Clark Boyd reports on Google’s growing troubles in Europe.Download MP3Audio clip: Adobe Flash Player (version 9 or above) is required to play this audio clip. Download the latest version here. You also need to have JavaScript enabled in your browser.
For years, Greece spent more than it had. This month, the inevitable happened. Greece’s bills were about to come due and the country didn’t have enough money to pay them off. At the last minute, the European Union and the International Monetary Fund came to the rescue with loans. The World’s Gerry Hadden has been reporting from Greece on the repercussions of the debt crisis and the country’s efforts to deal with it.
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One of the largest concentrations of Greeks outside Greece is in Queen’s, New York – specifically the area known as Astoria. So what do they make of the financial troubles back in the old country? The World’s Alex Gallafent went to find out. Download MP3 (Photo: Alex Gallafent)Audio clip: Adobe Flash Player (version 9 or above) is required to play this audio clip. Download the latest version here. You also need to have JavaScript enabled in your browser.
Stock markets have fallen back after shares across the world surged on Monday in the wake of a deal to tackle Europe’s debt crisis. In London, shares fell 1% after rising 5% on Monday, while in Paris, they lost 0.7% after soaring 9% the previous day. Stocks in the US and Germany saw small rises. Marco Werman talks to MIT economist Kristin Forbes about the European bailout and what it means for the global economy. Download MP3 (flickr image:Blatantworld)Audio clip: Adobe Flash Player (version 9 or above) is required to play this audio clip. Download the latest version here. You also need to have JavaScript enabled in your browser.
Global stock markets have soared after the European Union and International Monetary Fund intervened to stop the Greek debt crisis spreading. Wall Street traded 4% up, after a 5% rise on the main UK and German stock markets, and a 9% surge in France. On Sunday, the EU and IMF agreed a 750 billion euro ($975 billion) loan-guarantee deal. Marco Werman talks with Ken Rogoff, a former chief economist for the International Monetary Fund. Download MP3 (flickr image: giorgos_vr)Audio clip: Adobe Flash Player (version 9 or above) is required to play this audio clip. Download the latest version here. You also need to have JavaScript enabled in your browser.
Three people have been killed in the Greek capital, Athens, where protests against big cuts in government spending have turned violent. The austerity program is being brought in so that Greece can receive an international financial bailout and avoid defaulting on its debts. Marco Werman speaks with one of the protestors, Despina Koutsoumba, who’s an elected official with the Greek Civil Servants’ Trade Union. Download MP3
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Greek Prime Minister Papandreou has warned the country to be prepared for a new round of austerity measures. The European Union continues to discuss details of an emergency plan to help tackle Greece’s crippling debt crisis. Anchor Marco Werman talks with The BBC’s Malcolm Brabant in Athens. Download MP3 (flickr image: Timmy Gunz)
