By Agency Reporter Friday, 24 Dec 2010 ATHENS: The Greek parliament has approved the country’s 2011 budget, bringing in sweeping austerity measures, according to a British Broadcasting Corporation report on Thursday. The budget imposes more spending cuts and tax rises, as required by the European Union and the International Monetary Fund […]
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$7.2B is recovered for Madoff’s victims
Businessman’s widow gives back $7.2 billion for Madoff’s victims in biggest settlement yet Tom Hays and David B. Caruso, Associated Press, On Saturday December 18, 2010 NEW YORK (AP) — Many of Bernard Madoff’s victims who thought they lost everything could get at least half their money back after the widow […]
Nigeria spending raises instability fears
By Tom Burgis in Lagos December 16 2010 Heavy election-season spending in Nigeria risks exposing sub-Saharan Africa’s biggest oil producer to economic instability and potentially a currency shock, senior officials and bankers have warned, as fears mount over the rapid depletion of foreign reserves.  Successive governments have all but […]
