A top U.S. Federal Reserve official urged the European Central Bank on Tuesday to consider employing a U.S.-style quantitative easing programme to counter slowing inflation and recession in the euro zone.
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Moscow believes there is a pressing need to hold an international conference on a nuclear-free zone in the Middle East before the end of the current year, the Russian Foreign Ministry said on Saturday.
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Could Slovenia become the next euro-crisis victim? A new OECD report highlights the deep problems facing the Slovenian banking industry and economy. While both Brussels and Ljubljana insist that a bailout won’t be necessary, difficult times are in store for the country.
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Often the households in bailed-out countries have more net assets than those in countries which paid out funds for the rescues. The perception of rich northern European countries helping their poor southern cousins is not accurate, and solid public finances are no indication of high personal wealth.
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The FAA announced a temporary no-fly zone would be enacted indefinitely over the Arkansas oil spill. With word that an Exxon employee was controlling the airspace, though, speculation pointed to the idea the oil company was trying to keep the media away
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Pressure is mounting on Canada to finish up a long-delayed trade deal with the EU. Despite outstanding issues that still must be settled, there is a final push to try and complete an agreement this summer. If both sides are able to secure a deal, it would lay the groundwork for the proposed U.S.-EU trade pact.
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Euro zone finance officials acknowledged being “in a mess” over Cyprus during a conference call on Wednesday and discussed imposing capital controls to insulate the region from a possible collapse of the Cypriot economy.
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Israel intends to declare a buffer zone inside the Syrian border to prevent radical groups from getting too close to its territory when the embattled Damascus regime topples.
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“A buffer zone set up with the co-operation of local villagers lies at the heart of the plan. If the country remains unstable we might have to stay there for years,” The Times quoted a military planner as saying.
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“…If gun-free zones keep people safe, then I can’t think of a person whose safety is more important than the President of the United States. If having a gun in your home increases your risk of getting shot, how can we allow our president and his family to be surrounded by dozens of them? Think of the children…”
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