Europe
  • As Greece's prime minister seeks more time from Europe's leaders to right his country's finance's, his countrymen hunker down for more austerity, 

    Dimitris Dedoussis, 20, stands at the counter of his corner shop near Syntagma Square in central Athens, on Thursday, Aug. 23, 2012. As Greek Prime Minister Antonis Samaras sets off around Europe to plead for more time to achieve the country’s tough reform targets, austerity-weary Greeks are bracing for new pain but mostly expect to stay in the 17-nation eurozone, come what may. Dedoussis said planned new cutbacks would have severe consequences on Greece’s battered middle class, adding that he expects prote
    LAST UPDATE : Dec 05, 2012, 11:30 AM EST
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  • Revised official figures still show the country is stuck in recession.

    LAST UPDATE : Dec 05, 2012, 10:00 AM EST
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  • The Greek Prime Minister asks international lenders to give his indebted country more time to complete reforms that have been demanded as acondition for financial aid.

    LAST UPDATE : Aug 23, 2012, 3:46 PM EDT
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    Bolstered by talk the European Central Bank will take action to ease Spanish and Italian borrowing costs, the euro advanced to a seven-week high against the dollar on Tuesday.

     
    LAST UPDATE : Aug 23, 2012, 10:05 AM EDT
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    The British government's attempts to cut its deficit were thrown off track Tuesday when it revealed it borrowed more money than expected in July due to a fall in money raised from taxes.

     
    LAST UPDATE : Aug 23, 2012, 7:08 AM EDT
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  • Spanish government bond yields fell on Tuesday as markets focused on prospects of the European Central Bank buying debt to contain the country's borrowing costs, but a lack of detail over the process limited price gains.

    LAST UPDATE : Aug 23, 2012, 7:08 AM EDT
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  • German Foreign Minister Guido Westerwelle right, and his counterpart from Greece, Dimitris Avramopulos, left, shake hands after a joint press conference as part of a meeting at the foreign office in Berlin, Germany, Monday, Aug. 20, 2012.

    Europe's leaders are gearing up for a high-stakes week of financial diplomacy that could determine Greece's future — and the stability of the 17 countries that use the euro.

    LAST UPDATE : Aug 23, 2012, 5:05 AM EDT
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  • Germany's Bundesbank on Monday showed no signs of lowering its resistance to a European Central Bank plan to buy billions of euros worth of Spanish and Italian government bonds to reduce those countries' crippling borrowing costs.

    LAST UPDATE : Aug 23, 2012, 12:45 AM EDT
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  • Senior German politicians stepped up the pressure on Greece to stick to its reforms before the Greek prime minister visits Berlin this week and made clear that there was no appetite in the German parliament for a third aid package.

    LAST UPDATE : Aug 22, 2012, 11:43 PM EDT
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