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5 Holes In The EU Summit Agreement
This late night European Union Summit had some achievements. France, Italy and Spain insisted on focusing on measures for the current crisis, and not only long terms visions. The leaders agreed on...
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Did Merkel Just Get Trounced?
So far, investors have argued that German Chancellor Angela Merkel has been the big loser at this week's EU summit.Italian Prime Minister Mario Monti and Spanish Prime Minister Mariano Rajoy pushed an...
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WILLEM BUITER: There's One Big Problem With Dreams Of A European Banking Union
Citi Chief Economist Willem Buiter is unsurprisingly critical of Europe's latest efforts to stem its sovereign debt and banking crisis in his latest note.In particular, he takes aim at decisions by EU...
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The German Supreme Court Is Going To Make A Decision That Will Make The...
A hearing at Germany's version of the Supreme Court, to be held on July 10, could destroy all the optimism from the last EU summit.In the wake of the European summit last Friday, the German legislature...
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CHART OF THE DAY: The Most Important Chart In Europe Is A Disaster
We've been talking a lot about what we think is the most important chart in Europe—yields on Spanish bonds that mature in less than three years.(High yields mean Spain is paying through the nose to...
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MARTIN WOLF: Here's Why The ECB Will Always Disappoint
Late last month at the Israeli Presidential Conference, we sat down with influential economic commentator and Financial Times columnist Martin Wolf to discuss the failure of the European Central Bank...
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NOMURA: Italy Is Quietly Getting A Whole Lot Worse
Italy is headed for a deeper and longer recession than was previously expected, writes Nomura's senior political analyst Alastair Newton. And the headwinds facing Italy are now bigger than they were...
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Diverging Borrowing Costs Are Killing Progress In Europe
The news flow out of Europe has slowed down lately, but that doesn't mean the financial system has been mended.Indeed, things just appear to be getting worse for the periphery as investors flock...
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Eurozone Fin Mins Set To Approve Spanish Bank Bailout Today After Massive...
MADRID (AP) — Finance ministers from the 17 euro countries are expected to approve conditions for a bailout loan for Spanish banks on Friday, hours after the country was hit by massive anti-austerity...
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This Is Why Europe Is Getting Crushed Today
Eurozone finance ministers officially signed off on a plan that's expected to provide about €100 billion ($100 billion) to Spain's troubled banks.Investors had been calling for some kind of EU-led...
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UH-OH: Spain And Italy Ban Short-Selling Of Financial Stocks (Again)
According to Consob, Italy has once again banned short selling of stocks. Italy let its last ban on short selling expire on January 15. Spain has followed suit, as they have also banned short selling...
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European Bank Assets In The US Have Plunged
Since the financial crisis, European bank assets in the United States have fallen an incredible $540 billion dollars from $1.51 trillion to $973 billion.The FT reports that a combination of write...
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FORGET THE RALLY: 10 Terrible Facts About Spain
Spain has been fighting with Greece to take center stage at the heart of the euro crisis right now, with borrowing costs hitting record highs.10-year yields wavering above the important benchmark of 7...
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How To Know Instantly If Tomorrow's ECB Decision Will Be A Disaster
While analysts have been clamoring over a monetary policy decision from the Federal Reserve today, the more important decision will come from the European Central Bank tomorrow.The ECB Governing...
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For The European Crisis To End, This Is What Now Needs To Happen
Last week, European Central Bank President Mario Draghi laid out the framework for the next developments he wants to see in Europe.Considering how important the ECB has been in slowing the crisis, it...
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The 10 Most Shorted Banks In Europe
Europe is in some major financial trouble right now, and that's certainly being reflected in bank stocks, which have taken a tumble across the board.Markit drew up a list of the most shorted banks in...
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The Dismal Truth About Spain's Desperate Economic Situation
While Europe watches and waits for Spain to submit a formal bailout request to the EU and the ECB, the economic situation on the ground there continues to deteriorate.Huge protests against austerity...
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The Biggest Bank Bailouts Of All Time
Did you hear that? No? Well, it's not exactly the other shoe dropping, but the Cyprus bank bailout is still quite a milestone. It's the second-costliest, in terms of GDP, on record. At $10 billion in a...
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Greek Finance Minister: I'm still in charge of talks
BERLIN (Reuters) - Greece's Finance Minister Yanis Varoufakis said in a German newspaper interview on Wednesday that he was still responsible for debt talks with its euro zone partners and that both...
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Greek parliament approves bank recapitalization bill
Greece's parliament on Saturday approved legislation outlining the process of recapitalizing the country's banks, coinciding with an ECB health check that showed its four biggest lenders need to plug a...
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