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Bookmaker bets Greece will exit euro by end of 2012

Bookmaker William Hill offered odds of 4/6 Thursday that Greece will cease to use the euro by the end of 2012, the first time it has bet odds-on that Athens will exit the currency. It came after Greek Prime Minister George Papandreou’s shock decision earlier this week to offer a…

Greek referendum ignites German anger

ATHENS (Reuters) – Prime Minister George Papandreou’s shock decision to call a referendum on Greece’s bailout drew veiled threats from Germany on Tuesday and hammered markets edgy over the euro zone crisis. European politicians complained that Athens was trying to wriggle out of the rescue deal agreed only last week, concerned not so much about…

Europe seals deal to contain debt crisis

Europe sealed a last-ditch deal Thursday to fix its festering debt crisis, shoring up its bailout fund, pledging new funds for Greece and pushing banks to share the pain at a summit vital to the health of the global economy. After days of talks and two successive summits that dragged…

Eurozone might ask China, Brazil for debt bailout help

BRUSSELS — Eurozone leaders are toying with the idea of asking China and other emerging powers to help them out of the debt crisis by taking part in a bailout fund, but some are reluctant to call in Beijing. The possibility of asking for China, Brazil and others to come…

Euro zone rescue plans shrouded in doubt

BRUSSELS (Reuters) – A split between the International Monetary Fund and the European Union is threatening to delay Greece’s next aid payment in another blow to European efforts to stem the debt crisis. An admission by French President Nicolas Sarkozy on Wednesday that Berlin and Paris were divided over how…

European stocks rally on hopes of Slovakia vote switch

European stocks rose and the euro hit a three-week dollar high on Wednesday as markets expected Slovakia to eventually back expansion of a eurozone bailout fund despite lawmakers voting against it. Traders shrugged off disappointing results from aluminium producer Alcoa, which kicked off the US earnings season overnight. After falling at the start of trading…

Euro chiefs race to prop up banks

Facing renewed calls by US President Barack Obama for swift action to tackle its debt crisis, eurozone leaders raced Friday to stave off a credit crunch with talks in Berlin and Athens. Efforts now seem focused on reassuring investors that Europe’s banks are safe, to dispel fears of a possible…

German coalition rebels to hold euro fund vote

Rebels from German Chancellor Angela Merkel’s coalition partners, the Free Democrats, have collected enough signatures to force a party vote on the EU’s permanent bailout fund, they announced Tuesday. FDP member Frank Schaeffler, one of the most prominent rebels, said on his website that 3,650 signatures had been gathered, or…

Merkel wins key euro vote, Greece gets audit

German Chancellor Angela Merkel Thursday won a crucial vote on boosting the EU’s rescue fund that was seen as a perilous test of her authority as debt-mired Greece braced for an international audit. The news came as a relief to Merkel, but jittery markets took the result in their stride,…

Greece to face inspectors as Germany hints bailout

ATHENS (Reuters) – Greece’s lenders are sending a team to Athensto inspect a government austerity plan they want implemented in exchange for aid, while Germany suggested a new bailout may have to be renegotiated. Facing a wave of strikes and protests, Greece’s Socialist governmentis accelerating its debt strategy to meet the terms of an International…

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