Economics,Politics
Czech Government Enters Crucial Weekend
23.04.2012 12:47
WSJ: This weekend will be crucial for Czech Prime Minister Petr Necas as he seeks to keep together the fragile three-party coalition government that is in danger of falling apart.
On Friday, Mr. Necas called for support from at least 10 former coalition lawmakers of the Public Affairs...
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Dutch Discussions on Cuts Collapse
23.04.2012 12:46
WSJ: AMSTERDAM—Talks over measures to slash the Dutch government's budget deficit collapsed over the weekend after seven weeks of negotiations, raising questions about the future commitment of one of the euro zone's foremost proponents of fiscal stringency to a German-led austerity...
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Czechs stage huge anti-government rally in Prague
23.04.2012 12:44
BBC: Anti-government demonstrators in the Czech Republic have staged what they describe as the biggest rally since the fall of communism in 1989.
They say 120,000 people packed the capital Prague, protesting against austerity measures and corruption. Police put the numbers at...
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European fears grow, sending shares lower
23.04.2012 12:41
(Reuters) - The euro and shares extended losses on Monday as the outlook for Europe's economy unexpectedly worsened in April, adding to fears that leading governments in the region may soften their resolve in tackling a debt crisis.
Flash Purchasing Manager's Indexes (PMIs) for...
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Europe pressed for action to end debt crisis
23.04.2012 12:39
(Reuters) - Global finance chiefs pressed Europe in weekend talks to quickly put in place the economic reforms needed to finally extinguish its debt crisis now that newly increased financial buffers have bought some precious time.
A day after advanced and emerging countries agreed to...
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Euro-Region Debt Rises to Highest in Single Currency History
23.04.2012 12:37
Bloomberg: The debt of the euro region last year rose to the highest since the start of the single currency as governments increased borrowing to plug budget deficits and fund bailouts of fellow nations crippled by the fiscal crisis.
The debt of the 17 euro nations rose to 87.2 percent...
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Draghi’s ECB Rejects Geithner-IMF Push for Measures
23.04.2012 12:35
Bloomberg: European Central Bank officials led by President Mario Draghi resisted calls from the International Monetary Fund and U.S. Treasury to do more to stem the debt crisis roiling the euro-area economy.
As talks of global finance chiefs ended yesterday in Washington, euro-area...
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Czech Premier Seeks Partner to Avoid Vote as Coalition Falls
23.04.2012 12:34
Bloomberg: Czech Prime Minister Petr Necas is seeking supporters to avoid snap elections and push through deficit cuts after the breakup of his coalition.
The three ruling parties agreed yesterday to dissolve the coalition as of April 27, while pledging to back bills in parliament that...
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IMF’S Lagarde Enjoys Funds Victory Exposing Europe Rifts
23.04.2012 12:31
Bloomberg: Three months after waving her purse in front of global finance chiefs, Christine Lagarde filled it with more than $430 billion in pledges for the International Monetary Fund. She may not enjoy her victory for long.
The lender’s spring meetings ended yesterday in Washington...
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Eurozone ministers boost firewall to $1tn
30.03.2012 15:12
BBC: Finance ministers in Copenhagen have agreed to increase the size of the eurozone's rescue funds.
Eurozone countries agreed to boost the joint lending power of the "firewall" from 500bn to 800bn euros ($1.1tn; £667bn).
"The stability and integrity of the Economic and Monetary...
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