www.euronews.net Another round of strong US economic data — including growth in the labour market — lifted the US dollar against the euro on Friday with the single European currency under pressure due to fears that the region’s debt crisis will hurt the global economy As well as having been at 16-month lows against the dollar and the pound it was at the weakest in 11 years against the Japanese yen.
While individual careers may be flourishing, whole countries are drowning in debt. Next, we head to New York, where the Resident asks people in the streets for tips on what should be done to rescue the global economy. RT on Twitter twitter.com RT on Facebook www.facebook.com
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Jan.4 – Britain’s No.2 clothing retailer warns sales and profit growth in 2012-13 will be modest thanks to the euro zone debt crisis, a credit squeeze and rising unemployment. Hayley Platt reports.
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2011 will be remembered for its mass protests in Greece where angry crowds clashed with police and trashed the streets of Athens in response to the government’s austerity measures. The leaders there remain have been under immense pressure from the EU to make saving cuts in order to qualify for desperately-needed bailout money. RT’s correspondent Sara Firth has been covering the protests in Greece during the past year. RT on Facebook: www.facebook.com RT on Twitter: twitter.com