Spanish prime minister hails £80bn IMF bailout as a ‘victory for the euro’… But admits economic misery will get worse

http://www.dailymail.co.uk/news/article-2156765/Spain-ask-EU-bailout-today-leaders-try-prevent-collapse-single-currency.html Decision taken following discussion about eurozone’s struggling economy Spanish minister said aid will not come with austerity conditions attached Move comes a day after Spain’s credit rating was downgraded David Cameron has said UK will not contribute funds to eurozone bailouts Euro falls and forecasters say it could hit seven-year lows by September Cost […]

The contagion spreads: Now Moody’s downgrades seven GERMAN banks as Spain begs for $40bn

http://www.dailymail.co.uk/news/article-2154853/Now-Moodys-downgrades-seven-GERMAN-banks-Spain-begs-help.html Seven German banks have been downgraded by one of the most reputable rating agencies amid fears that eurozone debt will hit the country. Moody’s said it would be cutting the rating of Germany’s second biggest bank, Commerzbank AG, from A2 to A3 for the long term with a negative outlook. Moody’s said its move […]

‘Greece WILL leave the eurozone on January 1, 2013′: Top Citigroup boss predicts exit date and warns of ‘massive wave of contagion across Europe’

http://www.dailymail.co.uk/news/article-2149193/Greek-debt-crisis-Greece-WILL-leave-eurozone-January-1-2013.html Currency trading bank says Greece’s new currency would fall by 60% European markets relatively stable today despite the dire warning FTSE-100 up 1.18%; CAC 40 up by 0.85%; DAX up 0.39% Had plunged yesterday after Bundesbank said Grexit would be better France and Germany disagree over Eurobonds at six-hour crisis summit Officials say growth-led […]

Italian father throws 14-month-old daughter and son, four, to their deaths and then leaps from balcony himself in despair after losing his job

http://www.dailymail.co.uk/news/article-2147498/Italian-father-throws-14-month-old-son-daughter-death-leaps-despair-losing-job.html Marco Turrini, 41, pushed 14-month-old Benedetta and Samuele, four, to their deaths after row with wife He tried but failed to throw his wife off six-floor balcony in Brescia before leaping to his death Father died instantly but children perished in hospital Mother who watched in horror being treated for shock By Nick Pisa […]

Greece could quit the euro, admits Merkel as global markets are plunged into turmoil

http://www.dailymail.co.uk/news/article-2144074/Global-financial-markets-turmoil-government-Greece-teeters-brink-crashing-Europe.html Growing pessimism over future of single currency in current form Greek political paralysis as talks continue at 7.30pm to form government Communists vow to take to the streets as fears of civil war grow Ministers say kalashnikov-wielding gangs could take over Worsening crisis and thousands take to streets for mass protests in Spain Merkel’s […]

Mothers forced to sell their children: Mail reveals the distressing human toll of Greece’s Euro meltdown

http://www.dailymail.co.uk/debate/article-2143237/Mothers-forced-sell-children–human-toll-Euro-meltdown.html PUBLISHED: 17:32 EST, 11 May 2012 | UPDATED: 07:55 EST, 12 May 2012 The economic crisis across Europe has perhaps been most keenly felt in Greece, where people have taken to the streets in violent and emotional protests against the austeriy measures imposed on the nation. In this heartbreaking dispatch from the streets of […]

Austerity, what’s that? Spanish King Juan Carlos slammed for £27,000 elephant hunting trip as his country drowns in debt and half of youngsters are jobless

http://www.dailymail.co.uk/news/article-2130461/Austerity-whats-Spanish-King-Juan-Carlos-slammed-27-000-elephant-hunting-trip-countrys-economy-teeters-brink.html Spain is being sucked back into eurozone’s financial crisis One in four out of work, and 50% of youngsters jobless Anger at ongoing corruption probe into King’s son-in-law His grandson injured in shooting accident last week By Lee Moran PUBLISHED: 07:03 EST, 16 April 2012 | UPDATED: 08:52 EST, 16 April 2012 The King […]

‘This is a dignified end before I have to start scrounging food from the trash’: Desperate man, 77, shoots himself dead outside Greek parliament during rush hour

http://www.dailymail.co.uk/news/article-2125084/Greek-pensioner-commits-suicide-outside-Greek-parliament.html Man shouted, ‘So I won’t leave debts for my children’ before killing himself Greek suicide rate rising as austerity measures kick in By Daily Mail Reporter PUBLISHED: 09:24 EST, 4 April 2012 | UPDATED: 10:15 EST, 4 April 2012 cash-strapped Greek pensioner shot and killed himself outside parliament in Athens today after saying he […]

Athens ablaze as Greece votes in favour of £110bn bailout: Rioters attack police and set ten buildings on fire in protest at cuts

http://www.dailymail.co.uk/news/article-2100099/Athens-protests-Lawmakers-endorse-austerity-measures-Greece.html By Kirsty Walker Last updated at 12:39 AM on 13th February 2012 Greek MPs last night voted in favour of a controversial austerity bill as rioters again took to the streets and set buildings alight. The punishing cuts to wages and pensions are fiercely stoking tensions in the near-bankrupt country. Yet if the bill […]