A wave of unrest is building across Europe, as governments there seek to impose austerity measures. Several European countries -- Greece, Spain and Ireland -- are deeply in debt and under intense pressure to slash spending. For more, Martin Savidge interviews John Authers, and Deutsche Welle reports from around Europe.
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President Obama is expected to announce a plan tomorrow to impose fees on U.S. financial firms, to recover shortfalls from government bailouts. Many firms that received bailout money are again making huge profits. Britain and France are imposing hefty taxes on bankers' bonuses. For more on the new taxes, Daljit Dhaliwal interviews Andrew Clark of The Guardian.
An Anglican parish priest in northern England, Rev. Tim Jones, has caused quite a stir. Jones suggested in a sermon on Sunday that it is permissible for people facing tough times to shoplift from large national stores. Do you agree with Revered Tim Jones' comments about shoplifting in desperate situations?
Today's news compiled by Worldfocus staff. The Syrian president is in France today and talks with Israel are on the agenda. Global warming may be causing Lake Titicaca to sink; and the Vatican tries to get hip to social media.
Most world markets seem to be on their way upwards. Analysts predict that third-quarter U.S. growth will be positive for the first time in four quarters. From your perspective, is the economy getting better?
The prudent stewardship of Canadian banks in avoiding risky loans meant that they never required a government bailout. But the U.S.'s economic woes are spilling across the border and affecting Canadian big business. Canadians are blaming their own government and clamoring for help.
Two of Europe's biggest economies -- Germany and France -- reported signs of a recovery. Each saw growth of 0.3 percent in this year's second quarter. Roben Farzad of BusinessWeek discusses how fast the world economy is rebounding and analyzes what it will mean for the United States.
As the recession continues, Germany's economy -- Europe's largest -- is contracting rapidly. France announced Wednesday that it has slipped into recession. Marcus Mabry of The New York Times discusses the deepening economic downturn and what may be in store for Europe.