Swiss voters voted down an extra two week holiday bonus. March 12, 2012- Voters in Switzerland rejected a proposal that would have increased the annual paid vacation entitlement for employees from four weeks to six. The proposal ran into problems last week when businesses warned voters prior to the vote that it would hurt competitiveness and could threaten jobs. Travail Suisse, a trade union in the country, put forward the initiative. It argued that just four weeks of vacation was not sufficient... 

The U.S. Dollar is surging to new highs based on the weak Euro. March 10, 2012- On Friday, the dollar jumped to a 10-month high on the jobs report released by the U.S. government. The jobs report was much better than most analysts had expected and helped the dollar jumped to its highest level against the yen in 10 months. The dollar also increased against the euro as Fitch downgraded the debt in Greece. Private investors agreed to the restructuring plan offered by the country nevertheless, Greece... 

The U.K. is in danger of losing it's credit rating. February 14, 2012- Moody’s, the credit rating agency, has warned the UK that it may cut its rating therefore increasing its cost of borrowing funds. Moody’s statement came following concerns of the possible impact the crisis in the eurozone will have on growth prospects in the UK. The agency placed a “negative outlook” on the UK meaning there is about a 30% change the country could lose it’s credit rating of AAA with the next 18 months.... 

The EU elite are desperately trying to hold the Euorpean Union together at any cost. December 2, 2011- In an attempt to stop a global economic crisis, the finance ministers of the 17-euro zone nations are meeting in Brussels. Their goal is to save the common currency in the zone and make sure the global economy is not affected by their sovereign debt crisis. The ministers have begun to discuss ideas that at one time were unthinkable but must be considered in moments of desperation. Ideas included...