A Worldfocus contributing blogger explores what Hungarian Prime Minister Ferenc Gyurcsany's resignation may mean for the economically-hurting country.
All Posts Tagged With: "financial crisis"
Spain has an unemployment rate of 14.8 percent, the highest in Western Europe. In the town of Vila Real in eastern Spain, many people make their living making tiles. But suddenly, after the housing bubble burst, no one wants or needs what they make.
Peter Coy of BusinessWeek magazine discusses how major world markets responded to the Obama administration's bank rescue plan and foreign banks being bailed out by U.S. taxpayers.
John Authers of the Financial Times speaks about a new wave of protests and strikes in France aimed at getting the government to do more to ease the deepening crisis, and discusses whether the European Union will be able to come up with a unified position ahead of G-20 talks next month.
Markets had the best showing this week in four months, even as G-20 finance ministers met in London ahead of their leaders' meeting next month. Among other things, the ministers will discuss the question of governments stimulating or spending their way out of the recession.
Tom Lauricella of the Wall Street Journal discusses reports that Bernard Madoff, who on Thursday pled guilty to orchestrating a multi-billion dollar Ponzi scheme, may have used an operation in London to perpetrate the massive fraud.
Worldfocus producer Sally Garner is in Riga, Latvia, reporting on the country’s floundering economy. She writes about how the financial crisis has impacted daily life in Latvia.
Gideon Rose of Foreign Affairs magazine and Worldfocus editorial consultant Peter Eisner discuss the week’s top stories: the global recession, Secretary of State Hillary Clinton's attempts to revive the Middle East peace process and Mexico's drug war.
Ian Bremmer of the Eurasia Group talks about economic unrest in China and discusses how politics drive financial markets and if there are political solutions to the economic crisis.