Yan Ling

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China mulls national pollution permit trading system

BEIJING (Reuters) - China will look into establishing a nation-wide trading system for pollution permits as part of efforts to use market mechanisms to help clean up its environment, the country’s top environment official said.<p>In remarks published on the website of the Ministry of Environmental …

Thai economy at risk as political rivals vow mass rallies

BANGKOK (Reuters) - Thailand’s finance minister expressed concern about a weak currency and damage to the economy on Friday as supporters and opponents of the government prepared for big rallies this month that risk pushing the divided country to the brink of chaos.<p>Thailand's Prime Minister …

Greece Has A Primary Surplus: Now's The Time To Default On That Debt

This is a useful observation from the Wall Street Journal:<p>Budget data from Greece’s central government showed Monday a primary surplus for the first seven months of the year, turning around a steep deficit seen the previous year, according to the country’s Finance Ministry.The data showed that the …

Greece doesn't need yet another 'rescue' package – it needs a way out | Costas Lapavitsas

If threatened by Germany with exit from the euro, Greece should not blink, but instead do what's needed to save its economy<p>Greece has become a major issue in the German elections, as politicians debate the effectiveness of EU intervention, including the likely waste of German taxpayers' money. …

Malaria and HIV Spike as Greece Cuts Healthcare Spending

The nasty downside of austerity.<p>One day in late March, European finance and health ministry officials met at the OECD's Paris office to discuss how healthcare systems are faring in times of austerity.<p>On the second day of the two-day conference, Greek finance ministry official Evdoxia Andrianopoulou …

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Greece PM predicts end to recession at end of 2014

Greece will end six years of recession by the end of 2014. That’s the message Antonis Samaras, the Greek Prime Minister gave at the annual trade fair in Thessaloniki. It was a speech brimming with economic confidence and optimism.<p>He told the audience: “Primary surplus means that the country can …

Oxfam warns on European poverty and says 'Greece is in a terrible state'

Europe faces a "lost decade", with the number of people trapped in poverty across the continent set to rise by up to 25 million by 2025 unless austerity policies are reversed, according to a damning new report from aid agency Oxfam.<p>The charity, which is better known for delivering relief programmes …