“Adverse developments in Europe could disrupt global trade, with implications for Asia given the still important role of external demand,” Mr Shinohara said. “In the event of spillovers from Europe, there is ample room in most Asian economies to pause the withdrawal of fiscal stimulus"
#imag1 The risks to a robust global recovery have 'risen...
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Treasury Secretary Timothy F. Geithner in Beijing on Sunday. The euro crisis may discourage China from a currency policy he seeks.
If the trouble starts -- and it remains an "if" -- the trigger may well be obscure to the concerns of most Americans: a missed budget projection by the Spanish government, the failure of...
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"The crisis has shown us we need to animate moves toward closer political union as well as monetary union and we need a quantitative jump. The EU has used crises in the past to make =that kind of jump and this is what is needed now."
#imag1 After a week in which the EU took...
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The idea of a single sky for Europe is one of long-standing. Indeed, EUROCONTROL was created in 1960 for the express purpose of creating a single upper airspace by its six founding member states. This purpose was only partially fulfilled at the time - but the idea remained a tenacious one.
Over the last decade,...
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“This is like Ebola. When you realise you have it you have to cut your leg off in order to survive,” he added, saying the crisis is "threatening the stability of the financial system".
#imag1 Greek debt crisis spreading 'like Ebola' and Europe must act now, OECD warns The Greek debt crisis is spreading “like...
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A 'handful' of lines have already been affected.
Smoke and ash billow from a volcano in Eyjafjallajokull April 17, 2010. Large parts of Europe enforced no-fly rulings for a third day on Saturday because of a huge ash cloud from an Icelandic volcano that has caused the worst air travel chaos since the September...
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As it does every year on the 27th day of the Hebrew month of Nisan, Israel came to a standstill at 10 AM Monday morning as air raid sirens blared across the country commemorating the senseless massacre of six million Jews in the Nazi Holocaust.
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THE decline in the US bee population, first observed in 2006, is continuing, a phenomenon that still baffles researchers and beekeepers.
Data from the US Department of Agriculture showed a 29 per cent drop in beehives in 2009, following a 36 per cent decline in 2008 and a 32 per cent fall in 2007.
This affected...
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A French freemason has said that part of the movement is keen to open a bureau in Brussels to lobby against the rising influence of religious organisations in the EU institutions.
"The masonic orders should practice politics in the positive sense of the term: So that despite their own partisan divisions, they speak out...
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US national security advisor James Jones on Saturday (6 February) reassured Europe that the transatlantic partnership continues to be strong, but underlined the need for the European Parliament to allow American investigators to access EU banking data to track terrorism funding.
US national security advisor James Jones (l) and Russian foreign minister Sergei Lavrov...
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