Tag: crisis

• Saturday, December 30th 2017 - 11:32 UTC

  Democratic Unity Table (MUD) recognizes not having reacted efficiently

  

  The main coalition of opposition parties, Democratic Unity Table (MUD), made this Friday a self-critical statement on its balance of 2017 in which it admits not having reacted efficiently to the people suffering, in addition to not having been able to accompany the people who have protested these days for lack of food and other items

• Wednesday, December 27th 2017 - 14:54 UTC

  Gasoline, another kind of business in Venezuelan scarcity

  

  It is paradoxical how a country with the largest oil reserves in the world has a shortage of gasoline. Of course, Venezuela does not produce gasoline as such, but sells crude oil and imports gasoline, so with the sanctions imposed by various nations and the very crisis that PDVSA (State Company) suffers - which according to the unions works approximately 13% of its capacity- complicate the problem.

• Saturday, December 23rd 2017 - 10:14 UTC

  Venezuela's economy contracted a massive 16.5% in 2016, admits government

  

  Venezuela's economy shrank a massive 16.5% in 2016, according to an official government filing to the US Securities and Exchange Commission (SEC). The oil-rich but impoverished country attributed the collapse to a contraction of 9.9% in the oil sector and 16.1% in the non-oil economy.

• Tuesday, August 9th 2011 - 07:50 UTC

  The crisis in advanced countries “was never over, it’s chronic’ warns Brazilian minister

  

  Brazil’s Finance Minister Guido Mantega admitted Monday that if the international crisis in the EU and US markets persists, Brazil would have to lower its growth estimate.

• Thursday, July 22nd 2010 - 09:32 UTC

  IMF warns Europe must address “underlying problems”

  

  A government debt crisis that has engulfed the Euro-zone should serve as a “wake-up call” for European governments to keep a more watchful eye on their budgets, the International Monetary Fund (IMF) said Wednesday.

• Monday, July 12th 2010 - 03:48 UTC

  Chinese trade “has recovered to pre-crisis levels” affirms Beijing

  

  China’s trade surplus widened to the highest this year and exports climbed more than estimated to a record in June, adding pressure on the government to let the currency gain after the U.S. said the Yuan “remains undervalued.”

• Tuesday, June 29th 2010 - 05:04 UTC

  European crisis ‘key risk’ for UK banking sector, warns Bank of England

  

  The European debt crisis is a “key risk” to the UK's banking sector and banks should build up their cash reserves in response, the Bank of England has warned. In its latest financial stability report, the central bank welcomed recent measures taken by the EU to stem the crisis.

• Saturday, May 15th 2010 - 04:49 UTC

  World Stock Markets Plunge and Euro Falls to 18-Month Low

  

  World stock markets plunge Friday and the Euro hit an 18-month low against the dollar, on growing fears that the austerity packages unveiled across Europe could tip the continent back into recession and stifle global economic recovery.

• Saturday, May 15th 2010 - 04:39 UTC

  Volcker Fears Potential Disintegration of the Euro, Without Common Fiscal Policy

  

  Former Federal Reserve chairman and advisor of the Obama administration is concerned that the Euro area may break up after the Greek fiscal crisis that sparked an unprecedented bailout by the region’s members.

• Saturday, May 15th 2010 - 04:37 UTC

  IMF Warns Developed Countries on “Urgent” Need to Cut Budget Deficits

  

  The International Monetary Fund has warned developed nations they face an “urgent” need to cut their budget deficits. Its warning comes as a slew of European countries face public unrest over their attempts to do just that.