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.”
Fischer: Global Economy Facing 'Approaching Crisis'Bank of Israel Governor Stanley Fischer predicted an 'approaching crisis' for world markets at 12th Annual Herzliya Conference.
Money Tightening, Reduced Demand and Competition Hit ChinaChina's production has contracted, diminishing hopes that China can play the economic locomotive
Bankers Cut Short Vacations to Address Spanish, Italian CrisesSoaring bond yields and bearing predictions hit Spain and Italy causing European central bankers to scramble.
Sovereign Debt Crisis Menaces Italy As Securities TumbleEurope's failure to convincingly tackle the problems in the smaller states has now created doubts about the major economies.
Greek Parliament Passes Austerity BudgetGreek Prime Minister George Papandreou soldiers on with the austerity plan despite massive popular discontent.