Europe failed to get the leaders of the world's wealthiest economies to help out with its debt troubles.
Barack Obama said the United States had acted aggressively to manage its economic crisis a couple years ago.
A 'no' vote in the referendum would have enormous consequences not just for Greece but for the rest of Europe.
The European solvency issue should be sorted out by the European nations themselves, Pranab Mukherjee said.
Greek Prime Minister George Papandreou needs 151 votes to enact the referendum.
Greece's Prime Minister George Papandreou appeared to take many lawmakers by surprise with the announcement.
The Commonwealth, which spans 54 countries has a trade network worth $3 billion.
Obama said he did not want to punish the rich, but rather to return income tax rates to the level of the 1990s.
The US President said that in a global economy, nations will rise, or fall together.
ManpowerGroup said the fourth-quarter hiring outlook is lower in 21 of 39 countries, including the US.
US President Barack Obama said US needed the bill as the nation struggles with a 9 per cent unemployment rate.
The job reduction is part of a broad restructuring plan that started in January 2010.
The US ambassador said that such a raise is inappropriate at this time of global fiscal austerity.
Standard & Poor's (S&P) has downgraded the US government's 'AAA' sovereign credit rating.
The mayhem in global markets sent the Indian market crashing before a late recovery.
Finance Minister Giulio Tremonti said a balanced budget could be achieved by 2013.
Air India has estimated losses of 69.94 billion rupees in this year, till March 2011.
Swazi union leader Vincent Dlamini called for a new government to manage the funds.
Countries that had successfully faced the global economic crisis were either fully developed or developing.
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