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Europe Rights Chief Urges Probe of CIA Detention Centers

Posted September 5th, 2011 at 9:50 am (UTC-5)
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The Council of Europe’s human rights commissioner has urged Lithuania, Poland and Romania to investigate their governments’ alleged roles in the U.S. Central Intelligence Agency’s secret “rendition” program of detaining, transporting and interrogating terrorism suspects in foreign countries. Commissioner Thomas Hammarberg says the CIA set up “black sites” in overseas locations, including some in Europe, […]

Tags: , Posted in Europe

Greek Recession Deepens, Complicating Its Deficit Reduction

Posted September 2nd, 2011 at 9:50 am (UTC-5)
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Greece says its recessionary economy may shrink 5 percent this year, making it more difficult for the debt-ridden government to meet its pledge to reduce its deficit. The country’s economic plight led to a break-off in talks Friday between Greek financial officials and inspectors from the International Monetary Fund, the European Union and the European […]

Tags: , Posted in Economy, Europe

Finland Obstacle in Path of New Greek Bailout

Posted August 30th, 2011 at 10:45 am (UTC-5)
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Finland has thrown an obstacle in the path of Greece’s new $158 billion international bailout, demanding that it get collateral from Athens to secure its investment in the deal. Barely a month ago, the 17 nations that use the common euro currency agreed to Greece’s second round of financial assistance in two years to help […]

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Finland Obstacle in Path of New Greek Bailout

Posted August 30th, 2011 at 10:00 am (UTC-5)
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Finland has thrown an obstacle in the path of Greece’s new $158 billion international bailout, demanding that it get collateral from Athens to secure its investment in the deal. Barely a month ago, the 17 nations that use the common euro currency agreed to Greece’s second round of financial assistance in two years to help […]

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Germany Is Trimming Its Deficit Faster Than Expected

Posted August 22nd, 2011 at 1:30 pm (UTC-5)
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Germany, with Europe’s biggest economy, says it is balancing its budget faster than expected. The German government says it expects its budget deficit to be cut to 1.5 percent this year, two years earlier than required by the European Union, and that its budget will be balanced by 2014. The deficit reached 3.3 percent last […]

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Germany Is Trimming Its Deficit Faster Than Expected

Posted August 22nd, 2011 at 1:30 pm (UTC-5)
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Germany, with Europe’s biggest economy, says it is balancing its budget faster than expected. The German government says it expects its budget deficit to be cut to the equivalent of 1.5 percent of its national output this year. That is two years earlier than required by the European Union, and should bring a balanced budget […]

Tags: , , , Posted in Economy

EU Considering Sale of Euro Bonds

Posted August 19th, 2011 at 11:30 am (UTC-5)
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The European Union is considering the sale of euro bonds supported by the entire 17-nation bloc as a way to strengthen the finances of the continent’s debt-plagued governments. The European Commission, the EU’s executive arm, said Friday it is studying the issue, but gave no timetable for completion of the study or when the bond […]

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US Investment Bank Says US, Europe Close to New Recession

Posted August 19th, 2011 at 8:50 am (UTC-5)
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A U.S. investment bank says that the United States and Europe are “dangerously close” to a new recession because of economic policy errors. Wall Street bank Morgan Stanley warned Thursday that the United States, along with the 17-nation bloc of European countries employing the euro currency, are hovering close to a recession, defined as economic […]

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US Investment Bank Says US, Europe Close to New Recession

Posted August 18th, 2011 at 2:25 pm (UTC-5)
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A U.S. investment bank says that the United States and Europe are “dangerously close” to a new recession because of economic policy errors they have made. Wall Street bank Morgan Stanley warned Thursday that the U.S., along with the 17-nation bloc of European countries employing the common euro currency, are hovering close to a recession […]

Tags: , , , , Posted in Economy

US Investment Bank Says US, Europe Close to New Recession

Posted August 18th, 2011 at 1:00 pm (UTC-5)
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A U.S. investment bank says that the U.S. and Europe are “dangerously close” to a new recession because of economic policy errors they have made. Wall Street bank Morgan Stanley warned Thursday that the U.S. and the 27-nation European Union are hovering close to a recession within the next year, which it defined as economic […]

Tags: , , Posted in Economy

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