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Eurozone group agree support package
Eurozone leaders have formally approved 110 billion euros of EU-IMF emergency loans for Greece at a summit in Brussels on the crisis facing the…
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Economic aid for Greece may come too late
As Europe announces financial help will be available for Greece, some people living in the beleaguered country feel it has come too late. The…
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Eurozone sets up €70bn rescue fund
The 16 eurozone countries have agreed to create a 70-billion-euro rescue fund to avert a Greek-style crisis from spreading to other countries. The…
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German Fin Min hospitalised
A notable absentee from the euro zone meetings was Germany's finance minister, Wolfgang Schaeuble. Although he travelled to Brussels for the summit…
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Markets react positively to EU bailout
Europe's markets have responded bullishly after the EU agreed a bumper rescue package to protect the single currency and prevent Greece's debt crisis…
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Finance chiefs forge EU rescue deal
Determined to reach a deal before markets opened for Monday trading EU ministers forged the huge bailout after 11 hours of hard fought negotiations.…
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Merkel says protecting money of the German people
Chancellor Angela Merkel has said she and her cabinet aim to push through this Tuesday Germany's share of the package to stabilise the euro despite…
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EU leaders tore up Maastricht Treaty - analyst
A meeting of the World Economic Forum followed the much trumpeted euro stability deal put together by EU ministers. The Forum brings together top…
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Can the EU's crisis package shield euro zone?
It is an extraordinary measure for extraordinary times. EU finance ministers have taken unprecedented action to prevent Greece's debt crisis from…
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Euro rescue lifts global markets
Record one-day gains on stock markets rippled outwards from Brussels even as far as Wall Street after the EU agreed its emergency package to…
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Markets fall after record highs
European markets have fallen in early trading after yesterday´s bumper highs in the wake of the massive bailout to protect the single currency.…
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Spain to slash spending in return for EU aid
An emergency EU aid package for weak euro zone members has come at a price. In return, Spanish Economy Minister Elena Salgado was put under…
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EU tightening laws against animal testing
Monkeys will still be at our mercy but chimpanzees and gorrillas will soon have legal protection in Europe against being used in biological…
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103 killed in plane crash in Libya - Dutch boy only survivor
At least 103 people have been killed in a plane crash in Libya. The accident happened when the jet owned by Libya's Afriqiyah airline was landing…
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Markets welcome Spanish cuts but unions protest
World stock markets and the euro advanced yesterday after Spain unveiled new spending cuts to deal with its deficit. Addressing the Spanish…
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Dutch experts head to Libya crash site
Investigators from the Netherlands are on their way to Libya to uncover what caused a deadly plane crash that killed 103 people. A team of forensic…
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Portugal discusses more austerity steps
It is widely seen as another weak link in the euro zone. Hence the need for Portugal to implement additional austerity measures to cut its excessive…
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Sony boosts forecast
Japanese consumer electronics maker Sony is forecasting a five fold jump in annual operating profit to 1.34 billion euros in the coming year, but…
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Serbia's Mladic has charges streamlined
Fugitive Bosnian Serb General Ratko Mladic faces a reduced indictment if he is caught, an amendment aimed at eventually shortening his trial. He…
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Papal pressure in Portugal over gay marriage
The Pope has used a visit to Portugal to repeat his opposition to gay marriage, just days before the practice is set to be legalised in the country.…
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