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Dramatic pre-dawn Eurozone deal sends markets soaring
A dramatic pre-dawn deal to save the euro and revamp the eurozone by leaders of the 17 eurozone nations brought immediate relief to crisis-hit Italy and Spain and sent markets soaring on Friday. At the end of tense talks that stretched almost till dawn, EU president Herman Van Rompuy hailed…
EU vows to keep Greece in the fold but plans for exit
European Union leaders pledged support for Greece on Thursday, vowing to keep the debt-wracked country in the eurozone as officials prepared behind the scenes for a possible doomsday scenario of exit. After a growth-oriented EU summit dominated by fears of a “Grexit” that went into the early hours of the…
EU calls on G20 to help end debt crisis
BRUSSELS — Top EU officials urged on Sunday that an upcoming G20 summit address Europe’s debt crisis, saying that measures taken at a make-or-break eurozone meeting last week were not enough alone to end the crisis. In a letter to G20 leaders, European Commission President Jose Manuel Barroso and European…
Berlusconi says opposition ‘ruining’ Italy
STRASBOURG — Italian Premier Silvio Berlusconi accused the left-wing opposition of ruining Italy as he met with EU officials in Brussels, a trip critics say was arranged to skirt legal hearings in Rome. Berlusconi told reporters he was travelling to Brussels and Strasbourg “to reassure European institutions” about his government’s…
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