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Ethnic Armenian in Turkey rejects diplomatic post

Turkish Foreign Ministry offered a post to Daron Acemoglu as the country’s permanent representative to the Paris-based Organization for Economic Cooperation and Development (OECD). News...

Greek unemployment rate jumps to 14.8 percent in December as financial crisis deepens

Greece’s unemployment rate climbed for a sixth month in December, increasing more than economists estimated as it extended a record high. The unemployment rate rose...

Issing: Greece Needs To Reschedule, But Not Now

German economist Otmar Issing told Reuters that Greece will ultimately need some form of debt restructuring, but not now. "The question is about contagion effects....

Greece in Talks with EU & IMF on Debt Restructuring Strategy

Greece is in talks with the European Union and the International Monetary Fund on a debt restructuring package, according to The Financial Times. The scheme...

Bloomberg Poll Predicts Greek Default

Most global investors predict that at least one nation will abandon the euro zone within five years and that Greece and Ireland will default,...

Reuters: Greek Debt Restructuring isn't Expected Soon

Reuters claims that Athens is not expected to ask for debt restructuring any time soon, according to an analysis. Greece will never be able to repay...

Australian Businesses Seek Higher Skilled Immigration

Reconstruction efforts in flood-stricken Queensland are expected to make it more difficult to recruit skilled labor for the Australian building industry.  This has caused industry...

Greek Prosecutor Sends Goldman Sachs-Simitis-Swaps Case to Parliament

Supreme Court Prosecutor Ioannis Tentes on Monday forwarded to Parliament, a law suit filed by an Austrian economist.  The lawsuit is against international bankers Goldman...

Financial Times Claimes Investors & Markets Expect Greek Debt Restructuring

The German issue of The Financial Times noted that investors and financial markets expect Greek debt restructuring. Christian Kirchner stated in a Financial Times article:...