Greece Set to Explode in Debt Fallout


George Papandreou asks for a handouts, before the debt bomb drops...

Protesters clash with riot police in Athens strike
ATHENS, Greece (AP) -- Youths hurled rocks and fire bombs at riot police in central Athens on Tuesday as a general strike against new austerity measures brought the country to a standstill.

Dressing for the Great Depression



'Awful' jobless figures out after Dow Jones suffers biggest fall in a year and analyst warns of a 'Great Depression'
  • State jobless benefit claims fall by just 6,000 to 422,000
  • Strategist sees 'near panic' among money managers
  • Fund manager says almost every recent data release on economic health has 'disappointed expectations'
  • Equities head predicts return of quantitative easing
  • Dow Jones slides and erases quarter of year's gains
  • Far East markets drop and FTSE and Dax open down
  • Manufacturing index falls to 53.5 from 60.4 in April
  • Private employers added just 38,000 jobs in May
  • Republicans press Obama for detailed plan on cuts