WASHINGTON: The US government registered a record budget deficit in February despite rising revenues, setting a record 17th consecutive month in the red, the Treasury said on Wednesday. The February budget shortfall was 220.909 billion dollars, a 14 percent rise from a year ago and the biggest monthly gap on record. The reading, however, was [...]

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The worst ofGreece’s financial crisis is over and other European nations won’t follow in its path, said former European Commission President Romano Prodi. “For Greece, the problem is completely over,” said Prodi, who was also Italian prime minister, in an interview in Shanghai today. “I don’t see any other case now in Europe. I don’t think [...]

debt, Euro, Euro Zone, greece, recovery Hide