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July 14, 2015, by Mil Arcega of VOANews

Following marathon negotiations over several days, European leaders announced a tentative agreement Monday to provide Greece with another bailout, its third in five years – and ensure the country remains […]

Greek PM calls referendum on bailout deal

June 27, 2015, by Mil Arcega of VOANews

Greece’s prime minister has called for a referendum on the outcome of bailout talks with international creditors. Prime minister Alexis Tsipras ...

Russian economy reeling after new Western sanctions

September 18, 2014, by Mil Arcega of VOANews

A new wave of Western sanctions is hitting Russia’s economy hard. State-owned energy firms continue to bleed profits and Russia’s national currenc ...

Ukraine receives additional aid as tensions rise

April 16, 2014, by Mil Arcega of VOANews

Tensions are rising in Ukraine even as assurances of international aid to stabilize the country’s battered economy have started pouring in. Despite ...

  • Ukraine crisis, sanctions taking toll on Russia economy
    March 26, 2014, by Mil Arcega of VOANews

    Although Russian leaders have downplayed the impact of recent U.S. and European sanctions, analysts say capital has been pouring out of the country as risk-averse investors seek safer returns. With […]

  • World Bank says global economy at turning point
    January 15, 2014, by Mil Arcega of VOANews

    The global recovery is gaining momentum according to new projections by the World Bank.  But unlike previous years, the World Bank says growth in 2014 is likely to be driven […]

  • Global economic outlook is stronger in 2014
    December 24, 2013, by Mil Arcega of VOANews

    The global economy may be entering a new phase as the year draws to a close. New data suggest some of the uncertainty that has characterized much of 2013 appears […]

  • NSA spying could complicate US-Europe trade talks
    October 26, 2013, by Mil Arcega of VOANews

    Allegations that the U.S. National Security Agency collected millions of phone records across the Atlantic and tapped cell phone communications by world leaders, have overshadowed a meeting of European leaders […]

  • European recession now longer than 2008 financial crisis
    May 16, 2013, by Mil Arcega of VOANews

    The Eurozone economy shrank more than expected in 2013, falling two tenths of one percent between January and March.  The new data means the 17-nation currency bloc has now been […]

  • IMF chief: Global financial threat easing
    April 21, 2013, by Mil Arcega of VOANews

    Despite an uneven recovery between advanced and developing economies, the heads of both the World Bank and the International Monetary Fund say the global financial crisis has eased substantially. But […]