Economic downturn ‘twice as bad as feared’

The economic downturn in Europe will be twice as deep as previously forecast with unemployment reaching over 11 per cent, according to figures from the European Commission. Continue reading

China Voices Support For New Global Currency To Replace Dollar

China has expressed support for Russia’s proposal to hand the IMF the power to create a new supra-national global currency in response to the call for an alternative to the U.S. dollar as the world reserve currency.

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