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Socialist Hollande ousts Sarkozy in French voteSocialist Francois Hollande swept to victory in France's presidential election on Sunday in a swing to the left at the heart of Europe that could start a pushback against German-led austerity. Hollande beat conservative incumbent Nicolas More… |
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Sarkozy's chances fade two days before runoffPresident Nicolas Sarkozy's chances of holding on to power were fading two days before France's election runoff, with far-right and centrist leaders refusing to endorse him and his usually bland Socialist rival performing confidently in a More… |
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UK, France clash over economic performanceBritain and France clashed over credit ratings on Friday, adding to tensions that erupted over British Prime Minister David Cameron's veto of a treaty on euro zone fiscal integration. Britain's Deputy Prime Minister Nick Clegg told French More… |
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Moody's slams EU crisis talksThe debt-stricken euro zone was back in the firing line yesterday after last week's EU summit deal afforded only a brief respite and leaders warned of a two-speed Europe. Ratings agency Moody's was first to turn the screw. It declared the More… |
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EU zone faces new credit rating threatStandard & Poor's fired a second warning shot at the euro zone in 24 hours on Tuesday, threatening to cut the credit rating of its financial rescue fund as European leaders raced to find a political solution to their sovereign debt crisis. More… |
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Rescue plan urged as euro faces crucial weekThe euro faces a decisive week as European Union (EU) leaders, urged on anxiously by the US, seek agreement on the definitive rescue plan that has eluded them for two years. Despite short-term market optimism about a possible deal to tackl More… |
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Sarkozy brands Netanyahu a 'liar'French President Nicolas Sarkozy branded Israeli Prime Minister Benjamin Netanyahu 'a liar' in a private conversation with US President Barack Obama that was accidentally broadcast to journalists during last week's G20 summit in Cannes More… |
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Merkel, Sarkozy tackle euro crisis differencesGerman Chancellor Angela Merkel will thrash out differences with French President Nicolas Sarkozy on Sunday over how to use the euro zone's financial firepower to counter a sovereign debt crisis threatening the global economy. With the tur More… |
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European banks need $135bn says IrelandEuropean banks may need more than 100 billion euros ($135 billion) to withstand the sovereign debt crisis, said Ireland ahead of a key meeting of Europena leaders. German Chancellor Angela Merkel and French President Nicolas Sarkozy w More… |
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Morocco starts $4bn high-speed train projectMorocco has started work on a high-speed train network to link Casablanca, Morocco's economic capital, with Rabat and Tangiers being built at a cost of 33 billion Moroccan dirhams ($4 billion). When the project is completed in 2015, it More… |
