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Europe Braces for Renewed Turmoil as Cyprus Deposit Levy at Risk – Bloomberg

Europe Braces for Renewed Turmoil as Cyprus Deposit Levy at Risk – Bloomberg

Europe braced for renewed turmoil as outrage in Cyprus over an unprecedented levy on bank deposits threatened to derail the nation’s bailout and spark a new round in the debt crisis. Cypriot President Nicos Anastasiades, who bowed to demands by euro-area finance ministers to raise 5.8 billion euros ($7.6 billion) by taking a piece of […]

JPMORGAN: Europe May Have Just ‘Bazookaed Itself In The Foot’ – Business Insider

JPMORGAN: Europe May Have Just ‘Bazookaed Itself In The Foot’ – Business Insider

Koichi Kamoshida/Getty Images One of the biggest problems presented by the euro crisis has been the financial connection between the banks and their governments. For the most part, the biggest holders of any country’s sovereign debt are that country’s own banking system. So, when the government comes under pressure in the sovereign debt markets, and […]

This Crazy Cyprus Deal Could Screw Up A Lot More Than Cyprus… – Business Insider

This Crazy Cyprus Deal Could Screw Up A Lot More Than Cyprus… – Business Insider

Archives Bank run in New York in 1933. You can be forgiven for thinking that you don’t need to give a hoot about what’s going on in Cyprus this weekend. After all, it’s just a little island somewhere in the Mediterranean. But what’s going on in Cyprus could actually matter–not just to […]

Dallas Symphony in Europe: Farewell to Vienna, on to Munich – Dallas Morning News (blog)

VIENNA: After two nights in Vienna, Munich is the next stop, for a Sunday night concert at the Gasteig. On Monday, the orchestra moves on to Frankfurt. This is going to be an exhausting week: four concerts in as many cities in four days. Then back to Dallas. Personally, I had maybe four hours’ sleep […]

US Cancels Part of Missile Defense That Russia Opposed – New York Times

Russian officials here have so far declined to comment on the announcement, which was made in Washington on Friday by Defense Secretary Chuck Hagel as part of a plan to deploy additional ballistic missile interceptors to counter North Korea. The cancellation of some European-based defenses will allow resources to be shifted to protect against North […]

Europe-Wide Approach Will Make Financial System Safer – International Monetary Fund

Euro sign: policymakers and banks have made headway to fix financial problems, but the region remains vulnerable (photo: Peter Adams/Corbis) EUROPEAN UNION FINANCIAL SECTOR Europe-Wide Approach Will Make Financial System Safer IMF Survey online March 15, 2013 In its first ever European Union-wide assessment of the […]

Merkel: Europe must continue structural reform – MarketWatch

Merkel: Europe must continue structural reform – MarketWatch

Mark Hulbert Ignore ‘megasales’ by mega-shareholders Merkel: Europe must continue structural reform – MarketWatch

Interview: British Historian Timothy Garton Ash On Europe’s Future – RadioFreeEurope/RadioLiberty

British writer and historian Timothy Garton Ash was in Brussels on March 16 to take part in the German Marshall Fund’s annual forum of influential North American and European political, corporate, and intellectual leaders to discuss Euro-Atlantic issues. He spoke to RFE/RL correspondent Rikard Jozwiak about the future of Europe. RFE/RL: Does it […]

Pope wants Catholic Church to serve the poor – Aljazeera.com

Pope Francis has said he wants “a poor Church, for the poor”, giving his clearest indication yet that he wants a more austere Catholic Church. He made his comments in an audience with journalists on Saturday, explaining why he chose to take the name Francis, after St Francis of Assisi, a symbol of peace, austerity […]

Bailout terms prompt run on Cyprus banks – Aljazeera.com

Cyprus has received a $13bn bailout after lengthy talks in Brussels with eurozone leaders and the International Monetary Fund. But the conditions attached to the deal have led to a run on the country’s banks. Savers reacted with shock on Saturday after the government agreed to an unprecedented levy on all deposits in return for […]