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A military response by NATO is ramping up the new Cold War with Russia as the international body declared Thursday that it will establish six command posts on its eastern borders and create a 5,000-member "rapid reaction" force.

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On Wednesday, tens of thousands of people in Spain, Italy, Greece and other European nations registered their disapproval of their governments' moves to make them bear the brunt of the financial shenanigans that sent the global economy into a downward spiral two years ago.

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A hacker using the alias "Neo" has attained almost cult status in Latvia after releasing through Twitter the confidential financial data of allegedly corrupt banks and state-owned companies that profited from the global recession.

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Well, it’s official: The European economy is in gloomier territory than previously believed. EU Economic and Monetary Affairs Commissioner Joaquin Almunia announced Monday that member economies will shrink by 4% this year, likely taking a further plunge of 0.1% in 2010.

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