By James G. Neuger and Meera Louis
May 10 (Bloomberg) -- European policy makers unveiled an unprecedented loan package worth almost $1 trillion and a program of bond purchases to stop a sovereign-debt crisis that threatened to shatter confidence in the euro. Stocks surged around the world, the euro strengthened and commodities rallied.
German scientists announced on Monday they believe they have discovered sunken islands in the Caribbean Ocean following a deep sea exhibition in April.
During their six weeks in the waters north of Venezuela and west of the Antilles, the experts from the University of Greifswald analysed rock samples from depths of more than 1,000 metres....
ShadowStats' John Williams has done his math and believes his numbers tell the truth. He explains why the U.S. is in a depression and why a "Hyper-Inflationary Great Depression" is now unavoidable. John...
EU Preps $645 Billion Fund to Fight ‘Wolfpack,’ Debt Crisis
May 10 (Bloomberg) -- European Union finance ministers moved toward agreement on an unprecedented loan package worth at least $645 billion to prevent Greece’s fiscal woes from triggering a broader sovereign-debt crisis and shattering confidence in the euro.
