According to a report from a UN agency, global unemployment is rising once again.
Cyprus’s yearly output is approximately 20 billion euros, according to Deutsche Bank, yet its banks hold total assets equal to roughly the same amount.
According to a new IMF report, Greece may have some additional budget shortfalls during the next several years.
The bill suspends the debt ceiling entirely as opposed to simply raising it above its current level.
According to various news outlets, including the U.K.-based The Telegraph and Reuters, Cyprus officially requested a bailout during August 2012, when nonperforming Greek investments began to plague its largest banks.
While much has been said about the slight improvements in the U.S. economy and consumer confidence in 2012, a new report finds that on a global scale, the economy is still facing the same concerns for the upcoming year and beyond.
According to the French central bank, 54 billion euros were withdrawn from capital funds in October and November, during the height of the public debate over the tax boosts.