Gov't Approves Massive Tax Hikes, Spending Cuts

The government on Monday passed a sweeping measure to tighten Israel's belt at a time when the world is facing another financial crisis.Chana Ya'ar, 7/30/2012, 9:14 PM

OECD: 'Pat on the Back and Move On - Crisis Not Over'

OECD Secretary-General Angel Gurria praises Israel on its management of the global fiscal crisis, but warns “it's not over yet.”Chana Ya'ar, 6/6/2012, 10:56 AM

Fischer: Global Economy Facing 'Approaching Crisis'

Bank of Israel Governor Stanley Fischer predicted an 'approaching crisis' for world markets at 12th Annual Herzliya Conference.Gabe Kahn., 2/1/2012, 4:45 PM

Money Tightening, Reduced Demand and Competition Hit China

China's production has contracted, diminishing hopes that China can play the economic locomotiveAmiel Ungar, 9/23/2011, 1:16 AM

Bankers Cut Short Vacations to Address Spanish, Italian Crises

Soaring bond yields and bearing predictions hit Spain and Italy causing European central bankers to scramble.Amiel Ungar, 8/4/2011, 9:33 PM

Sovereign Debt Crisis Menaces Italy As Securities Tumble

Europe's failure to convincingly tackle the problems in the smaller states has now created doubts about the major economies.Amiel Ungar, 7/11/2011, 11:45 PM

Greek Parliament Passes Austerity Budget

Greek Prime Minister George Papandreou soldiers on with the austerity plan despite massive popular discontent.Amiel Ungar, 12/23/2010, 8:41 PM