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You can see why Chancellor Angela Merkel and Finance Minister Wolfgang Schäuble are back-pedalling so frantically over the EU summit deal. While Mrs Merkel seemingly agreed to let the European Stability Mechanism (bail-out fund) rescue banks ...
Angela Merkel is poised to allow the eurozone's €750bn bailout fund to buy up the bonds of crisis-hit governments in a desperate effort to drive down borrowing costs for Spain and Italy and prevent the single currency from imploding. Germany has ...
Has Greece CDS been triggered? The question’s finally been posed to Isda’s determination committee and is currently pending: It’s quite a long one. Does the announcement of the passage by the Greek parliament of legislation that approves the ...
The one we have all been waiting for. Stolper about to be 9 out of 9 with a 0.000 hit rate. The latest Eurozone PMIs have been better than expected and are now consistent with slightly positive growth. At the same time, Eurozone policymakers ...
President Obama's team of negotiators at the United Nations Climate Change Conference may agree to a tax on foreign currency transactions, designed to pay for a "Green Climate Fund," that would fall disproportionately on American travellers and ...