Geopolitical Monitor - Topic: Economy

Mar. 11th (BBC News) - Public services and transport in Greece have ground to a halt as workers stage a third general strike in protest at the government's austerity measures.

Although the dust hasn’t even settled from last month’s Euro financial crisis in the PIGS countries, another sovereign wealth shock may be just around the corner.

MILAN, Mar. 4th  (Reuters) - Greece will need to take further action in 2011 and 2012 to repair its public finances, EU Economic and Monetary Affairs Commissioner Olli Rehn said in an interview on Thursday.

The decision of the US Federal Reserve to raise its key interest rate was definitely not a sign of confidence in the US economic recovery or a signal that Fed policy is slowly returning to normal as claimed. It was rather a signal of panic over the weakness in US Government bond markets, the heart of the dollar financial system.

Mar 3rd. (BBC News) - The Greek government has approved a new package of tax increases and spending cuts to save 4.8bn euros ($6.5bn; £4.4bn) and ease its budget crisis.

Mar. 1st (BBC News) - The authorities in Iran have closed down the country's biggest-circulation reformist newspaper, Etemaad, accusing it of breaching media laws.

Feb. 25 (BBC News) - The role of Wall Street firms in deals that may have helped Greece mask its debt woes are under scrutiny in the US, the Federal Reserve chief has said.

Feb. 24 (BBC News) - Police in Greece have clashed with protesters striking over austerity measures designed to save the economy.

Feb. 22 (BBC News) - Investigators say they are closing in on the source of the cyber attacks that hit a number of US companies, including Google, according to reports.

BRASILIA, Feb. 18 (Xinhua) -- Brazil, Russia, India and China will seek to expand coordination beyond the economic realm at their second summit slated for April.