Chancellor Alistair Darling has defended his approach to tackling the UK's budget deficit. Speaking to the BBC, Mr Darling said he disagreed with economists who had called for more aggressive action to close the deficit.
European Union regulators ordered Greece to disclose details of currency swaps after an inquiry by the country’s Finance Ministry uncovered a series of agreements with banks that it may have used to conceal mounting debts.
Euro-zone finance ministers meeting Monday in Brussels nominated Portugal’s Vitor Manuel Ribeiro Constancio to become the next vice president of the European Central Bank, improving the chances of Germany’s Axel Weber to take the top job next year.
Britain's unemployment rate would be twice as high and the recession would have been even deeper if we had joined the euro, a think tank has claimed.
Greece could unveil more cost-cutting proposals if its current efforts do not work fast enough, the head of the 16-nation Euro-zone has said. Jean-Claude Juncker said Greece had agreed to outline additional measures in March if necessary.
His comments came following a meeting of Euro-zone finance ministers.
The cabin in which British polar explorer Sir Ernest Shackleton died aboard his ship “Quest” looks set to become an important new artefact at the South Georgia Museum.
Brazilian presidential hopefuls took to the streets to join the country’s Carnival celebrations considered an excellent opportunity to have their names and faces known.
The administration of Argentine president Cristina Fernandez de Kirchner said it is willing to discuss with the opposition the Bicentennial Fund project which aims to service public debt with reserves from the Central Bank and which triggered a three branches confrontation that ended in the resignation of the bank’s president Martin Perez Redrado.
Marriage numbers have fallen 50% in Chile during the past 20 years, according to data made public last week by the Civil Statistical Registry.
Falkland Oil and Gas, FOGL announced Monday it signed a deal will Desire Petroleum to use the “Ocean Guardian” rig to drill the first ever exploration well in the East Falklands Basin on the Toroa prospect, which is expected to happen during the first half of 2010.