Economic crisis update

Economic crisis protest

Amid rising panic in global financial markets due to the European debt crisis currently centred in Greece, France’s conservative government is preparing massive cuts in public spending: here.

Last month, the Brown government announced that the recession was over in the UK after figures revealed that the UK economy had grown by just by 0.1 percent in the last quarter of 2009: here.

The California State Teachers’ Retirement System (CalSTRS), the second largest US pension fund estimated at $156 billion, is reporting a budget gap of $43 billion: here.

Rising tide of suburban homeless across U.S.: here.

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