by Asia News on September 27, 2011
Yesterday, Greece has announced fresh austerity measures inorder to secure a bailout installment and save the country from bankruptcy.
Greece said it would deepen pension cuts, extend a painful property tax hike and put tens of thousands of workers on notice.
Under the measures announced yesterday, monthly pensions will be cut by 20 percent above a $1,636 [...]
by Asia News on September 27, 2011
Yesterday, US Stock markets suffered their worst drop in a month after the Federal Reserve said there were “significant downside risks” to the economy even as it took another stab at boosting growth.
The Dow Jones industrial average dropped 283.82 points, or 2.49%, to 11,124.84. The Standard & Poor’s 500 Index lost 35.33 points, or [...]