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Oct 29, 2011

EUROPE News, Oct 29, 2011

Europe Gets a Deal
New York Times
Europe's leaders did better than expected, but expectations were low to start. After Wednesday's all-night summit meeting, they announced a greatly strengthened financial rescue plan that includes bigger write-downs of Greek debt and new injections of ...
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Europe Gets a Not-So-Grand Plan
Wall Street Journal
There was even less detail on boosting the European Financial Stability Facility. The bailout fund will operate as an insurer, guaranteeing the first loss on sovereign bonds and could also provide seed capital to "Special Purpose Investment Vehicles" ...
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Wall Street Journal
Obama: Europe needs a credible firewall
Sydney Morning Herald
In an opinion piece published by the Financial Times on its website, Mr Obama also underlined the urgency with which he felt Europe must create a "credible firewall" to bring its debt crisis under control. "The crisis in Europe must be resolved as ...
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Leipold Says Length of Europe Summit a `Positive Sign'
Washington Post
Oct. 24 (Bloomberg) -- Alessandro Leipold, chief economist at the Lisbon Council and former acting director of the International Monetary Fund's European department, talks about European finance ministers' efforts to resolve the region's debt crisis. ...
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Economic Armageddon Is Dodged as Europe Forges a Deal on Greece, Sending ...
New York Sun
The European Union finally forged a Greek bond deal, and a rescue fund big enough to ring-fence banks and sovereign debt, in order to avoid a catastrophic, Lehman-like contagion event. At the same time, the US economy moved away from the threat of ...
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Europe takes a page from U.S. bailout playbook
Fortune
Europe is considering programs that resemble two successful ones implemented by the US Treasury Department at the height of the mortgage crisis. It's the right idea, but the wrong proposed structure. By Cyrus Sanati, contributor FORTUNE -- The big ...
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China to Europe: that's a sure nice EFSF you have there
FT Alphaville (blog)
The Chinese are counting their chips and considering whether to double down on their European bet. (Mrs Wanatabe is also checking out the goods.) But Europeans shouldn't rely on China to come to their rescue, argues Julian Jessop, Capital Economics' ...
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Steve Richards: The Sceptics' rage over Europe is a proxy battle
The Independent
In British politics there is both Europe and "Europe". The first is a messy, draining, crisis-ridden reality. The other is a flexible fantasy that comes to the fore to wreck governments every few years. The real European Union is bureaucratic, ...
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Europe's Got A Plan - GDP Delivers
TheStreetTV
Europe's Got A Plan - GDP Delivers.
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Thomas Molloy: Ireland may be on mend but Europe needs a cure
Irish Independent
THE compromise reached in Brussels early yesterday contains some good news forIreland but the agreement still leaves Europe a long way from a lasting solution to the underlying problems. Once again, the continent's leaders have chosen to treat the ...
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Irish Independent
BC Finance Minister says European economy a slow-moving train wreck
Winnipeg Free Press
VICTORIA - Europe's financial troubles are like a slow-moving train wreck and British Columbiashould cash in on the disaster, says the province's finance minister. Kevin Falcon toured the continent this month promoting BC as a safe harbour for ...
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Saving Europe : With a rescue like this, I'd rather drown...
France 24
FRANCE 24 International Affairs Editor Douglas Herbert is sceptical the recent Franco-German agreement to salvage the eurozone will actually work.
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The Great European Divide: Why Europe is a Lost Cause
Benzinga
By Jonathan Chen We were "supposed" to get some kind of plan today out of Europe that would stabilize the financial markets, and have an actual concrete plan for saving the European Union from financial disaster. Germany and France apparently still can ...
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Banks, miners down as FTSE cools after Europe debt deal
Reuters
By David Brett LONDONOct 28 (Reuters) - Britain's FTSE 100 fell by midday on Friday, as investors consolidated gains after a near 3 percent rise in the previous session on relief after Europe agreed a plan to deal with its debt crisis. ...
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Britain's clocks could move forward by an hour if Scotland doesn't object to ...
Telegraph.co.uk
The proposal to bring our clocks in line with the rest of Europe for a three-year trial period would mean more daylight on winter evenings. Photo: REUTERS By Nick Collins, Christopher Hope and Auslan Cramb Ministers have agreed to back a controversial ...
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Telegraph.co.uk
Stocks end higher on Europe hopes
CNN International
By Maureen Farrell October 26, 2011: 4:33 PM ET NEW YORK (CNNMoney) -- Is it a mirage or could a deal to save Europe from a sovereign debt disaster be near? By late afternoon Wednesday, investors started betting that European leaders could be close to ...
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Google looking to build European high-speed fiber network
ZDNet (blog)
By Zack Whittaker | October 24, 2011, 4:45pm PDT Summary: After an experimental trial in the US, a Google executive hinted that Europe could be the next home for a high-speed fiber network. The Wall Street Journal reports that Google senior vice ...
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ZDNet (blog)
Whirlpool to slash over 5000 jobs in North America, Europe
Zee News
New York: Home appliance maker Whirlpool plans to reduce its workforce by more than 5000 people in North America and Europe, as a result of which about 10 percent of jobs would be eliminated in these regions. "The company's cost and capacity reduction ...
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Zee News
Samsung Galaxy Nexus: Available in Europe on November 17th
ZDNet (blog)
By Zack Whittaker | October 28, 2011, 2:57am PDT Summary: Samsung's Galaxy Nexus is to hitEurope in a fortnight on November 17th, but the price of the Android 4.0 running smartphone may surprise you. Samsung's Galaxy Nexus, the next-generation Android ...
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Peugeot Citroen car sales lower on supply problem
The Associated Press
PARIS (AP) — PSA Peugeot Citroen SA plans to cut around 6000 jobs across Europe in a bid to save euro800 million ($1.1 billion) after warning that its 2011 earnings would be hammered by the impact from Japan's natural disaster and soaring raw material ...
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Never mind the euro bailout, worry about growth, says Shell
Telegraph.co.uk
Brussels' failure to cultivate growth across Europe is a bigger worry for oil and gas major Royal Dutch Shell than the region's sovereign debt crisis. Higher oil prices helped Shell double its profits in its latest quarter. Photo: BLOOMBERG NEWS By ...
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Telegraph.co.uk
Crude up in Asia on Europe debt deal
Sydney Morning Herald
Crude prices have risen in Asian trade as Europe sealed a "blockbuster" deal to contain its debt crisis, analysts say. New York's main contract, light sweet crude for delivery in December, gained $US1.67 to $US91.87 per barrel on Thursday. ...
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Daimler profits slip to $1.9 billion as model changes, Renault investment drop ...
Washington Post
FRANKFURT, Germany — German automaker Daimler AG said net profit fell 16 percent in the third quarter to €1.36 billion ($1.9 billion) as a troubled economy in Europe and model changeover costs held back earnings at its mainstay Mercedes-Benz division. ...
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For Italy, Berlusconi Is a Problem but Also a Solution
New York Times
By ELISABETTA POVOLEDO ROME — Prime Minister Silvio Berlusconi has promised fellowEuropean leaders a quick series of wide-ranging changes to get Italy's imperiled economy back on track, but it is not clear that he has the political clout to enact ...
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European Bank Capitalization Plan Enough, Basel Head Says
BusinessWeek
By Johan Carlstrom and Jim Brunsden Oct. 28 (Bloomberg) -- European regulators' plan to force some banks to hold 9 percent in core reserves after sovereign debt writedowns will probably be enough to protect lenders from insolvency, said Stefan Ingves, ...
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• Blogging the Islamist infiltration of OSCE | EuropeNews
By hrc
Support Europenews · About us. ... Manifestation of islamophobia in western europe and Northern america potential to fuel anti-muslim incidents and violence, explore role of media in preventing hate crimes. [11:48:03 AM] Underlining by OIC: ...
Gold Rising on Encouraging News from Europe says Pan American ...
(1888PressRelease) Gold prices rallied as more optimistic news emerged from the European summit meeting.
Recent Articles posted on Articleshub...
Australia supports Cyprus' sovereign rights | EuropeNews
By hrc
Support Europenews · About us... Search · Newsletter · Syndicate · German · Home · Islam Q&A ...Sharia Law Grows with Impunity in Denmark and elswhere in Europe · Video: Geller: Reading the real Qur'an · Europe: "You Are Entering a ...
Google eyeing fiber network for Europe — Broadband News and ...
By Stacey Higginbotham
A Google executive said the company is pondering a fiber network in Europe according to published reports. Google's dedication to infrastructure is essential to the success of many of its lines of business, and it wants to understand what ...
GigaOM
Good News from Europe Pushes up Financial Stocks | equities.com
By Joel Anderson
The financial sector got the news it was looking for as European leaders approved a deal to resolve the debt crisis there and create a viable bailout package. Major European and American investment banks posted strong gains as a result as ...
equities.com
European Union (EU) leaders agree on position ... - Siam Daily News
By XinhuaNET.COM
EU leaders agree on position for G20 summit European Union (EU) leaders on Sunday agreed on the bloc's position for the upcoming G20 summit, calling on all.
Siam Daily News Online
Top News from the European Commission 29 October – 25 ...
By Mariah Jen
Background notes from the Spokespersons' service for journalists. The European Commission reserves the right to make changes. Thursday 3 and Friday 4.
IEWY Press Release Distribution
N-Europe: News: Netflix Launching in UK in 2012
The popular American film and television streaming service is due to hit British devices next year. Over in the USA television and film fans have enjoyed Netflix's video streaming service for many years. Users subscribe to the service for a ...
N-Europe
Grim news on consumers, Europe boosts Treasurys - seattlepi.com
WASHINGTON (AP) — Demand for Treasury securities rose sharply Tuesday after U.S. consumer sentiment weakened and talks to solve Europe's debt crisis appeared to splinter. Treasurys have wavered in a narrow range for the past two ...
Business Heds Index
Europe debt crisis endangers Estonian economy | BNN-NEWS.COM
By BNN
Estonia might be hit by the second wave of crisis since pressure and distrust have been growing among European banks, according to the Estonian Central Bank.
BNN-NEWS.COM
Europe News Boosts Banks - CNBC
CNBC's Mary Thompson takes a look at the rally in financials.
video.cnbc.com/gallery/?video=3000053730
News Links: Europe on the brink of a disaster | Credit Writedowns
The single currency is close to collapse - Telegraph With Europe on the brink of a disaster, the euro must be reconstituted as an entity.
www.creditwritedowns.com/2011/.../news-links-10232011.ht...
Europe reaches key deal to help Greece - Yahoo! News
Read 'Europe reaches key deal to help Greece' on Yahoo! News. European leaders agreed Thursday morning on a crucial plan to reduce Greece's debts and ...
news.yahoo.com/europe-reaches-key-deal-help-greece-02500...
Central & Eastern Europe Agriculture News - Agriculture Industry ...
Latest agriculture & farming news for agriculture industry professionals & analysts . Breaking ag commodities prices & trade news.
agriculture.einnews.com/region/central-eastern-europe
Europe News
News, views and gossip on leading law firms (including what they pay). The latest legal news and salary information and everything else the slightly bored ...
www.rollonfriday.com/TheNews/EuropeNews/.../Default.aspx
Treasurys rise on weaker economic, Europe news - Business ...
U.S. Treasury prices fell Wednesday after a weak economic report from the Federal Reserve and reports of an impasse in talks among European leaders over ...
www.msnbc.msn.com/.../treasurys-rise-weaker-economic-euro...
European court bans patents based on embryonic stem cells ...
Procedures that involve human embryonic stem cells cannot be patented, the European Court of Justice declared today. Oliver Brüstle, director of the Institute of ...
www.nature.com/news/2011/111018/full/news.2011.597.html
A French credit downgrade would be bad news for Europe too ...
The rise in French bond yields compared with those in Germany is worrying, according to M&G, which reckons it could force downgrade in the country's AAA ...
www.guardian.co.uk/.../blog/.../french-credit-rating-downgrad...
Breaking News: Europe to remain an issue, PM told - Silobreaker
Breaking News: Europe to remain an issue, PM told.
www.silobreaker.com/breaking-news-europe-to-remain-an-iss...
N-Europe: News: Australia Gets Blue Wii With Donkey Kong
It was recently announced that Europe will be getting a new Wii bundle which consisted of a blue version of the newly configured Wii along with Mario & Sonic ...
n-europe.com/news.php?nid=16446

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