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ECB set for rate cut as inflation falls sharply
The European Central Bank is expected to cut its main interest rate for the first time in 10 months on Thursday, driven to act by an economy wallowing in recession and freed to do so by sharply falling inflation. #NewsTracker #European Central Bank #Eurozone crisis #Mario Draghi #Rate cut
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Why it makes sense for Cyprus to leave the euro
The Cyprus bailout could lead to a 20 percent fall in its GDP. It may benefit from moving out of the euro. #Greece #Russia #Eurozone crisis #TheExplainer #Cyprus bailout
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Cyprus' financial repression: when people bail out govts
Cyprus has resorted to financial repression, where it confiscated a chunk of depositors' money. This is financial repression, where governments needing bailouts raid their citizens' savings. #HowThisWorks #Eurozone #Central banks #Eurozone crisis #Cyprus bailout #Financial Repression
Blog posts
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Euro to zero: Greek exit can happen over a weekend
It seems the European Union has all-or-nothing treaties: if you want to exit the euro, you have to exit the EU as well. #Eurozone crisis #Greek Exit #Drachma
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Will tiny Greece bring the mightly eurozone down?
The eurozone crisis, which seemed to be abating a few months ago, is back on the boil. And this time something may give. #France #Greece #Angela Merkel #Germany #EU #Eurozone crisis #EuroCrisis #
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Wire
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Middle East North Africa Financial NetworkDefault should be option for eurozone nations: Bundesbank
(MENAFN - AFP) The head of the German central Bundesbank Jens Weidmann said on Friday that eurozone countries should be able to default, a possibility which the EU has gone to great lengths to avoid during the current crisis. "In this crisis we have paid #Bundesbank #European Central Bank #Florida
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Channel News AsiaEurozone's fiscal crisis "largely over": Mario Monti
SINGAPORE: The eurozone's fiscal crisis is "largely over", according to former Italian prime minister Mario Monti, who helped steer Europe's third-largest economy back from the brink of a collapse. Speaking in Singapore at the DB Annual Access Asia Confe #Europe #Mario Monti #Singapore
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Middle East North Africa Financial NetworkEurozone sees bank union progress by June
(MENAFN - AFP) Key obstacles to a banking union, seen as a keystone in locking down the debt crisis, should be resolved within the next few weeks, the official in charge of the day-to-day operation of the eurozone told AFP in an exclusive interview. Thom #European Central Bank #Luxembourg #Cyprus