Debt Crisis http://www.kunc.org en Spain Exits Bailout In A Sign Of Progress, Not Full Recovery http://www.kunc.org/post/spain-exits-bailout-sign-progress-not-full-recovery Spain's banking system on Thursday is marking an end to its reliance on bailout loans from Europe that were desperately needed 18 months ago to shore up its banks after a construction boom-and-bust.<p>Spain is now the second eurozone country to cleanly exit its bailout program, after Ireland.<p>It's a dramatic difference from a year and a half ago, when demonstrations erupted outside banks in Spain almost daily. At the time, record numbers of Spaniards were losing their homes in foreclosure. Unemployment soared past 25 percent and kept rising.<p>Money was flying out of the country. Thu, 23 Jan 2014 13:12:00 +0000 53590 at http://www.kunc.org Spain Exits Bailout In A Sign Of Progress, Not Full Recovery Tories Tell Jobless Brits: It's Time To Work For Your Dole http://www.kunc.org/post/tories-tell-jobless-brits-its-time-work-your-dole Britain's Conservative-led government delivered a one-two punch to more pillars of Britain's social benefits system this week. Fri, 04 Oct 2013 21:24:00 +0000 50414 at http://www.kunc.org Tories Tell Jobless Brits: It's Time To Work For Your Dole With A Card Game, The Portuguese Get Back At Their Creditors http://www.kunc.org/post/card-game-portuguese-get-back-their-creditors In a typical cafe in downtown Lisbon, old men play cards or dominoes over cups of milky coffee or cold glasses of <em>vinho verde</em> and commiserate about the economy.<p>One of their favorite ways to do this is through a new card game that's all the rage in Lisbon these days. Mon, 16 Sep 2013 07:35:00 +0000 49639 at http://www.kunc.org With A Card Game, The Portuguese Get Back At Their Creditors Is Europe's Recession Really Over? It's Too Soon To Say http://www.kunc.org/post/europes-recession-really-over-its-too-soon-say These headlines this morning make it sound like Europe's economy is up and running again:<p>-- "Euro Area Exits Longest Recession on Record." (<a href="http://www.businessweek.com/news/2013-08-14/euro-area-exits-record-long-recession-led-by-germany-france" target="_blank">Bloomberg News</a>)<p>-- "Euro Zone Emerges from Recession." (<a href="http://online.wsj.com/article/SB10001424127887324139404579012200360382222.html" target="_blank"><em>The Wall Street Journal</em></a>)<p>-- "Euro Zone Economy Grew 0.3% in 2nd Quarter, Ending Recession." (<a href="http://www.nytimes.com/2013/08/15/business/ Wed, 14 Aug 2013 13:54:00 +0000 Mark Memmott 48338 at http://www.kunc.org Is Europe's Recession Really Over? It's Too Soon To Say Citing Dignity, Greek Workers Take Over Factory http://www.kunc.org/post/citing-dignity-greek-workers-take-over-factory The financial crisis in Greece has devastated the country's manufacturing sector, which has lost more than 30 percent of its jobs in the past three years. But at one factory in an industrial center in the north, workers have taken matters into their own hands.<p>Inside the cavernous factory on the outskirts of Thessaloniki, eight middle-aged men are filling bottles with a vinegar-based fabric softener that's scented with fresh lavender.<p>This assembly line used to produce glue for ceramic tiles. Fri, 26 Jul 2013 06:57:00 +0000 47551 at http://www.kunc.org Citing Dignity, Greek Workers Take Over Factory