About half the European continent is now technically back in recession, and when all the numbers come in it is very likely that France and Germany will be added to that list. Europe is of course an integrated economy so the recession is spreading even to the relatively healthy eastern periphery (though remarkably, Estonia is still booming). Euro-zone unemployment is now higher than it has been in 15 years, with much of the pain felt by young people.
As Russia's economy teeters on the brink of recession, a number of international companies that have seen strong growth in the region will be looking on concerned. Topping the list of companies with large business interests in Russi... Read Post
Germany has denied that European Union sanctions are aimed at crippling the Russian economy. ||| Berlin - Germany denied Friday that European Union sanctions are aimed at crippling the Russian economy and said a tightening of the sc... Read Post