Economics,Politics
Europe Gives Greece 2 More Years to Reach Deficit Targets
13.11.2012 13:10
Bloomberg: Euro finance chiefs left unanswered how they’ll fill a fresh hole in Greece’s balance sheet without tapping their own bailout-weary taxpayers for money after giving the country two extra years to trim its budget deficit.
In the latest compromise in three years of...
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Treasuries See U.S. Falling Over Cliff as Yields Converge
13.11.2012 13:07
Bloomberg: The biggest Treasury rally in five months is underlining market concern that President Barack Obama and House Republicans will fail to avert $607 billion in mandated spending cuts and tax increases starting Jan. 1.
Yields on 10-year Treasuries...
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HIGHLIGHTS-Comments from EU finance ministers and officials
13.11.2012 13:02
(Adds Schaeuble on France, Moscovici on Greece)
Nov 13 (Reuters) - EU finance ministers meet on Tuesday seeking to break an impasse over a new regime to supervise banks, but with much of the plan contested and time running short to agree, the European Union risks seeing...
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EU, IMF clash over Greece revives debt crisis fears
13.11.2012 12:59
(Reuters) - A clash between Greece's international lenders over how the stricken country where the euro zone debt crisis began can bring its debts down to a sustainable level reignited fears on Tuesday that the crisis could flare up anew.
Euro zone finance ministers...
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Top U.S. commander in Afghanistan investigated, Petraeus scandal widens
13.11.2012 12:58
(Reuters) - The top U.S. commander in Afghanistan, General John Allen, is under investigation for alleged inappropriate communication with a woman at the center of the sex scandal involving former CIA Director David Petraeus, a senior U.S. defense official said on Tuesday.
The...
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Top U.S. commander in Afghanistan under investigation, scandal widens
13.11.2012 12:56
(Reuters) - The top U.S. commander in Afghanistan, General John Allen, is under investigation for alleged inappropriate communication with a woman at the center of the scandal involving former CIA Director David Petraeus, a senior U.S. defense official said on Tuesday.
The...
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Could Economic Growth Kill Us?
12.11.2012 11:57
Bloomberg: Now that the U.S. presidential election is over, attention has turned to the challenge of keeping the world’s largest economy growing. The underlying assumption is that growth is always the proper goal.
What if that assumption were wrong? Given our current economic...
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European Central Bank Should Open Its Chamber of Secrets
12.11.2012 11:55
Bloomberg: The European Central Bank wields more power now than at any point in its 14-year history. If it wants to use that power responsibly, it needs to be a lot more open with the people whose well-being it aims to ensure.
Thanks in large part to its lead role in...
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Goldman Sachs Says Beware Europe Peripheral Stocks
12.11.2012 11:53
Bloomberg: European companies most dependent on revenue from Spain, Italy, Greece and Portugal are rising in the stock market at the fastest pace in five years, providing chances for short sellers after two earlier rallies fizzled.
Firms with sales from...
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Worried Germany seeks study on French economy - sources
09.11.2012 12:02
(Reuters) - German Finance Minister Wolfgang Schaeuble has asked a panel of advisers to look into reform proposals for France, concerned that weakness in the euro zone's second largest economy could come back to haunt Germany and the broader currency bloc.
Two officials, speaking...
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