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EU Leaders: No Bailout For Greece Until It Fulfills Commitments

Posted November 2nd, 2011 at 7:45 pm (UTC-5)
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APExpress 4 – 11/2/2011 4:31:00 PM – AP-APTN-2030: France G20 Arrivals 2 French President Nicolas Sarkozy and German Chancellor Angela Merkel say Greece will receive no more European bailout aid until it fulfills its commitments to the eurozone. The two leaders made the announcement Wednesday in Cannes after a meeting with Greek Prime Minister George […]

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IMF Chief Urges EU Leaders to Proceed With Financial Recovery Plan

Posted November 2nd, 2011 at 6:05 pm (UTC-5)
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APExpress 4 – 11/2/2011 4:31:00 PM – AP-APTN-2030: France G20 Arrivals 2 International Monetary Fund director Christine Lagarde has urged European Union leaders to stick to the agreed plan to deal with the eurozone crisis despite Greece’s decision to hold a referendum on the issue. Lagarde said she had seen a real determination among European […]

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European Leaders Prepare for Showdown on Greek Debt Referendum

Posted November 2nd, 2011 at 3:45 pm (UTC-5)
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Key European leaders held strategic talks Wednesday as they prepared for a showdown with Greek Prime Minister George Papandreou over his unexpected call for a referendum on last week’s agreement to contain the continent’s debt contagion. French President Nicolas Sarkozy, German Chancellor Angela Merkel and other European leaders met in Cannes, France, a day before […]

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European Leaders Set for Showdown on Greek Debt Referendum

Posted November 2nd, 2011 at 12:25 pm (UTC-5)
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European leaders are set for a showdown Wednesday with Greek Prime Minister George Papandreou over his call for a referendum on a debt-relief agreement. French President Nicolas Sarkozy and German Chancellor Angela Merkel summoned the Greek leader to Cannes, France, a day before the G20 summit. Greece is not a member of the group, but […]

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European Leaders Set for Showdown on Greek Debt Referendum

Posted November 2nd, 2011 at 9:25 am (UTC-5)
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European leaders are set for a showdown Wednesday with Greek Prime Minister George Papandreou over his call for a referendum on a debt-relief agreement. French President Nicolas Sarkozy and German Chancellor Angela Merkel summoned the Greek leader to a meeting in Cannes, France, a day ahead of the start of the Group of 20 world […]

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Greece Says It Will Hold Vote on European Debt Relief Plan

Posted October 31st, 2011 at 3:10 pm (UTC-5)
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The European debt-relief plan, agreed to last week, has been thrown into doubt as Greece now says it will hold a referendum on whether to approve it. Greek Prime Minister George Papandreou has been a staunch supporter of the plan that could cut Greece’s debt by about $140 billion, while binding his country to years […]

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New Reports Show European Economies Weakening

Posted October 31st, 2011 at 1:30 pm (UTC-5)
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New reports in Europe show that the economic fortunes of the 17 eurozone nations are markedly weakening, with higher unemployment and diminished growth prospects for 2012. The continent’s Eurostat statistics agency reported Monday that the unemployment rate hit 10.2 percent in September, an 11-month high. That left more than 16 million people out of work, […]

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US Stocks Mixed in Midday Trading Friday

Posted October 28th, 2011 at 2:00 pm (UTC-5)
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U.S. stocks were narrowly mixed in midday trading Friday. The Dow Jones Industrial Average was ahead by two-tenths of a percent, while the S&P was virtually unchanged from Thursday’s close. The NASDAQ composite index slid two-tenths of one percent. European stock indexes closed mixed. London’s Financial Times index ended down two-tenths of one percent to […]

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US Stocks Mixed in Early Friday Trading

Posted October 28th, 2011 at 10:20 am (UTC-5)
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U.S. stocks were narrowly mixed in early trading Friday. The Dow Jones Industrial Average was ahead by one-tenth of a percent, while the S&P was down two-tenths of a percent. The NASDAQ composite index was virtually unchanged from Thursday’s close. European stock indexes were lower in afternoon trading. London’s Financial Times index is down three-tenths […]

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China Cautious on European Bailout Investment

Posted October 28th, 2011 at 9:40 am (UTC-5)
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China is playing down the possibility that it might immediately invest some of its vast cash reserves in the European bailout fund. A Chinese vice finance minister, Zhu Guangyao, met Friday in Beijing with the chief of the European fund, Klaus Regling. But afterwards, Zhu told reporters that China would wait to see the provisions […]

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