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Recession | ASHARQ AL-AWSAT English Archive 2005 -2017
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Media ID: 55302314
Caption:

A member of Italy’s metalworkers union Fiom looks at a banner during a demonstration in Rome, May 18, 2013. (REUTERS/Stefano Rellandini)


Rome protest turns up heat on new PM Letta

Rome protest turns up heat on new PM Letta

Rome, Reuters—Thousands of people protested in Rome on Saturday against austerity policies and high unemployment, urging new Prime Minister Enrico Letta to focus on creating jobs to help pull the country out of recession. “We hope that this government will...
Media ID: 55297113
Caption:

A woman walking past a branch of the Bank of Cyprus branch in Nicosia, Cyprus 27 March 2013 as the country’s banks remain closed. (EPA/KATIA CHRISTODOULOU)


Lesson from Cyprus

Lesson from Cyprus

If, just a few years ago, someone had prophesied the current economic state of affairs, nobody would have believed them. It would have been unbelievable that an economic crisis could arise whereby a country would be forced to close its banks for over a week, ATM...