OECD to Israel: Great Job! But Crisis Not Over YetOECD Secretary-General Angel Gurria praises Israel on its management of the global fiscal crisis, but warns “it's not over yet.”
Global Economy Facing 'Approaching Crisis'Bank of Israel Governor Stanley Fischer predicted an 'approaching crisis' for world markets at 12th Annual Herzliya Conference.
China Records Longest Downturn Since 2009China's production has contracted, diminishing hopes that China can play the economic locomotive
Banks Leery of Holding Italian Sovereign DebtSoaring bond yields and bearing predictions hit Spain and Italy causing European central bankers to scramble.
Debt Contagion Threatens ItalyEurope's failure to convincingly tackle the problems in the smaller states has now created doubts about the major economies.
Economic Hell in HellasGreek Prime Minister George Papandreou soldiers on with the austerity plan despite massive popular discontent.