Financial crisis

July 09, 2019 - 8:02 am
BUENOS AIRES, Argentina (AP) — Former Argentine President Fernando De la Rúa, who attracted voters with his image as an honest statesman and later left the country plunged into its worst economic crisis, has died. He was 81. The death was confirmed by the Argentine government. President Mauricio...
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A man walks past the Deutsche Bank sign in London, Monday, July, 8, 2019. Germany's struggling Deutsche Bank says it will cut 18,000 jobs by 2022, saying it is going “back to our roots” with a radical restructuring plan meant to focus the company on traditional strengths.(AP Photo/Natasha Livingstone)
July 08, 2019 - 3:01 pm
BERLIN (AP) — The radical and painful restructuring of Germany's Deutsche Bank, which is cutting 18,000 jobs, is the end of a long, failed attempt to compete with the global investment banking giants that left it overextended. The bank plan unveiled Sunday aims to go "back to our roots" by...
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Greece's newly-elected prime minister Kyriakos Mitsotakis, background, looks on as outgoing prime minister Alexis Tsipras, leaves the Maximos Mansion in Athens, Monday, July 8, 2019. Mitsotakis' New Democracy party won 39.8% of the vote, giving him 158 seats in the 300-member parliament, a comfortable governing majority. (AP Photo/Petros Giannakouris)
July 08, 2019 - 10:59 am
ATHENS, Greece (AP) — Conservative party leader Kyriakos Mitsotakis was sworn in as Greece's new prime minister Monday, a day after his resounding win over left-wing Alexis Tsipras, who led the country through the tumultuous final years of its international bailouts. Mitsotakis, 51, was elected on...
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In this Saturday, Feb. 2, 2019 file photo, supporters of Greece's extreme right Golden Dawn raise torches during a rally commemorating a 1996 military incident which cost the lives of three Greek navy officers and brought Greece and Turkey to the brink of war, in Athens. Golden Dawn, the far-right, anti-immigrant party that had shocked Greek politics by evolving from a marginal, violent neo-Nazi group into Greece's third-largest party during the country's economic crisis, was knocked out of Parliament in national election Sunday July 7, 2019. (AP Photo/Yorgos Karahalis)
July 08, 2019 - 10:21 am
ATHENS, Greece (AP) — Greece's far-right Golden Dawn party said Monday it is planning to challenge a general election result that saw it fail to get enough for support to be represented in Parliament, a big reversal for a party that had risen to third place at the height of the country's financial...
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Greece's newly-letted prime minister Kyriakos Mitsotakis, right, talks with Greek President Prokopis Pavlopoulos, shortly after his swearing0-n ceremony at the Presidential Palace in Athens, Monday, July 8, 2019. Mitsotakis' New Democracy party won 39.8% of the vote, giving him 158 seats in the 300-member parliament, a comfortable governing majority. (AP Photo/Petros Giannakouris)
July 08, 2019 - 10:14 am
ATHENS, Greece (AP) — The Latest on Greece's election of a new government (all times local): 4:45 p.m. The finance minister of the Netherlands says Greece's new conservative government will have little leeway to change the country's economic reform and debt-reduction policies since they were...
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Greek opposition New Democracy conservative party leader Kyriakos Mitsotakis waves to his supporters after win in parliamentary elections at the New Democracy headquarters in Athens, on Sunday, July 7, 2019. Official results from nearly 60% of ballots counted showed the conservative New Democracy party of Kyriakos Mitsotakis winning comfortably with 39.7% compared to Tsipras' Syriza party with 31.5%. (AP Photo/Petros Giannakouris)
July 07, 2019 - 7:47 pm
ATHENS, Greece (AP) — Conservative opposition leader Kyriakos Mitsotakis comfortably won Greece's parliamentary elections Sunday, delivering a stinging blow to leftist Prime Minister Alexis Tsipras after a tumultuous four years in office as the country struggled through a crippling financial crisis...
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Greek opposition New Democracy conservative party leader Kyriakos Mitsotakis waves to his supporters outside of a polling station in Athens, on Sunday, July 7, 2019. Greeks are voting in the first parliamentary election since their country emerged from three successive international bailouts but is still struggling to emerge from a crippling nearly decade-long financial crisis. (AP Photo/Thanassis Stavrakis)
July 07, 2019 - 1:48 pm
ATHENS, Greece (AP) — The Latest on Greece's parliamentary election (all times local): 8:25 p.m. Greek Finance Minister Euclid Tsakalotos says the conservative opposition New Democracy party won a general election. Tsakalotos spoke after exit polls for Sunday's election showed the governing left-...
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FILE - This Feb. 5, 2018, file photo shows the seal of the Board of Governors of the United States Federal Reserve System in the ground at the Marriner S. Eccles Federal Reserve Board Building in Washington. Economist Judy Shelton, tapped by President Donald Trump for a seat on the Federal Reserve board, says she does not favor credit tightening by the Federal Reserve that would harm investors. In a CNBC interview on Friday, July 5, 2019, Shelton sought to align her past criticism of the Fed’s record low interest rates during the Obama administration with the current attacks by Trump on Fed rate hikes.(AP Photo/Andrew Harnik, File)
July 05, 2019 - 4:16 pm
WASHINGTON (AP) — Economist Judy Shelton, tapped by President Donald Trump for a seat on the Federal Reserve board, said on Friday she does not favor credit tightening by the Federal Reserve that would harm investors. In a CNBC interview, Shelton sought to align her past criticism of the Fed's...
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Supporter wave Greek flags as Greek opposition New Democracy party leader Kyriakos Mitsotakis, center, speaks during his main election campaign rally in Athens, in front of the ancient Acropolis hill, on Thursday, July 4, 2019. Greeks head to the polls in early general elections on Sunday, July 7. (AP Photo/Thanassis Stavrakis)
July 05, 2019 - 4:43 am
ATHENS, Greece (AP) — Greek voters appear set to defy a surge of support populist parties across Europe in a general election Sunday, with the pro-EU center-right opposition firmly in the lead. Left-wing Prime Minister Alexis Tsipras called the snap poll after being trounced in May's European...
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In this Friday, June 21, 2019 photo, Greek opposition New Democracy party leader Kyriakos Mitsotakis waves to his supporters after the presentation of his platform in Athens. Mitsotakis is maintaining an intense campaign timetable despite a strong lead in opinion polls ahead of a general election on Sunday July 7, 2019. (AP Photo/Thanassis Stavrakis)
July 04, 2019 - 7:18 am
LAVRIO, Greece (AP) — On an exhaustive tour of Greece's blue collar towns and city suburbs, Kyriakos Mitsotakis has a spring in his step — no wonder, he's the overwhelming favorite to become the country's next prime minister as the unlikely heir of a powerful political family. Arriving at Lavrio,...
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