FamousAbout.com » Europe http://famousabout.com What's the Famous World News Online About? Tue, 22 May 2012 20:20:00 +0000 en hourly 1 http://wordpress.org/?v=3.2.1 Euro zone needs growth and austerity: ECB’s Asmussen http://famousabout.com/euro-zone-needs-growth-and-austerity-ecbs-asmussen http://famousabout.com/euro-zone-needs-growth-and-austerity-ecbs-asmussen#comments Mon, 21 May 2012 13:24:14 +0000 France http://famousabout.com/euro-zone-needs-growth-and-austerity-ecbs-asmussen BERLIN (Reuters) – Europe’s fiscal pact must not be renegotiated or softened but could be complemented by growth-enhancing measures, European Central Bank Executive Board member Joerg Asmussen said on Monday. Asmussen also stressed that the ECB’s non-standard measures – introduced to fight the debt crisis – were of a temporary nature and could be withdrawn any time if inflation risks emerged. There is a growing push in the euro zone, led by newly elected French President Francois Hollande, to do more to stimulate growth and not just focus on reducing deficits.

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Euro zone needs growth and austerity: ECB’s Asmussen
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]]> http://famousabout.com/euro-zone-needs-growth-and-austerity-ecbs-asmussen/feed 0 NATO chief: No "rush for the exits" in Afghan war http://famousabout.com/nato-chief-no-rush-for-the-exits-in-afghan-war http://famousabout.com/nato-chief-no-rush-for-the-exits-in-afghan-war#comments Sun, 20 May 2012 19:43:16 +0000 CoolNews http://famousabout.com/nato-chief-no-rush-for-the-exits-in-afghan-war CHICAGO (Reuters) – NATO leaders sought on Sunday to dispel fears of a rush for the exits in Afghanistan even as the Western alliance met to chart a path out of an unpopular war that has dragged on for more than a decade. President Barack Obama, who once called the Afghan conflict a “war of necessity” but is now looking for an orderly way out, hosted the NATO summit in his home town, Chicago, a day after major industrialized nations tackled a European debt crisis that threatens the global economy. …

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NATO chief: No "rush for the exits" in Afghan war
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]]> http://famousabout.com/nato-chief-no-rush-for-the-exits-in-afghan-war/feed 0 Golf-McDowell reaches Match Play semi with ugly win http://famousabout.com/golf-mcdowell-reaches-match-play-semi-with-ugly-win http://famousabout.com/golf-mcdowell-reaches-match-play-semi-with-ugly-win#comments Sun, 20 May 2012 19:40:55 +0000 William Mattson http://famousabout.com/golf-mcdowell-reaches-match-play-semi-with-ugly-win MADRID, May 19 (Reuters) – Northern Ireland’s GraemeMcDowell triumphed in a playoff against local favourite SergioGarcia to reach the World Match Play Championships semi-finalsin Casares, southern Spain on Saturday. McDowell missed a five-foot putt for the match on the 18th,but came through when the pair returned to the same hole tostart the playoff in which Garcia missed from similar range.

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]]> http://famousabout.com/golf-mcdowell-reaches-match-play-semi-with-ugly-win/feed 0 Russia Sberbank sees sale certainty after government formed http://famousabout.com/russia-sberbank-sees-sale-certainty-after-government-formed http://famousabout.com/russia-sberbank-sees-sale-certainty-after-government-formed#comments Sun, 20 May 2012 16:57:55 +0000 France http://famousabout.com/russia-sberbank-sees-sale-certainty-after-government-formed WASHINGTON (Reuters) – Europe’s second largest lender Russia’s Sberbank will see some certainty over the planned privatization sale after the new Russian government’s lineup is announced on May 21, CEO German Gref said on Saturday. Sberbank initially planned the sale of the 7.6 percent stake, part of Russia’s ambitious privatization program, last September but postponed the deal after global risk aversion wiped around $1.5 billion off the stake’s value.

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]]> http://famousabout.com/russia-sberbank-sees-sale-certainty-after-government-formed/feed 0 Weaker euro zone nations need more support from core: UK http://famousabout.com/weaker-euro-zone-nations-need-more-support-from-core-uk http://famousabout.com/weaker-euro-zone-nations-need-more-support-from-core-uk#comments Sun, 20 May 2012 16:57:40 +0000 France http://famousabout.com/weaker-euro-zone-nations-need-more-support-from-core-uk LONDON (Reuters) – The euro zone can protect its currency if its stronger countries provide more support for the weaker to help them deal with their problems, British finance minister George Osborne said in a newspaper on Sunday. The future of Europe’s 17-country single currency bloc is under threat from a political stalemate in Greece, which could lead to its departure from the monetary union at unknown costs to the financial system and global economic stability. …

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Weaker euro zone nations need more support from core: UK
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]]> http://famousabout.com/weaker-euro-zone-nations-need-more-support-from-core-uk/feed 0 Euro zone row gets fat pay rise for German workers http://famousabout.com/euro-zone-row-gets-fat-pay-rise-for-german-workers http://famousabout.com/euro-zone-row-gets-fat-pay-rise-for-german-workers#comments Sun, 20 May 2012 16:57:28 +0000 France http://famousabout.com/euro-zone-row-gets-fat-pay-rise-for-german-workers BERLIN (Reuters) – A record-breaking pay deal will give millions of German workers their biggest rise in wages in two decades, boost consumption in Europe’s biggest economy and help towards adjusting the regional imbalances that have caused severe tensions within the euro zone, analysts said on Sunday. Germany’s largest industrial union IG Metall agreed to a 4.3-percent pay rise from employers just before dawn on Saturday — giving the 3.6 million car and engineering industry workers their biggest wage increase since a 5.4 percent deal in 1992. The eye-catching 4.

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Euro zone row gets fat pay rise for German workers
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]]> http://famousabout.com/euro-zone-row-gets-fat-pay-rise-for-german-workers/feed 0 Wall Street Week Ahead: Market is oversold, but major signs say "sell" http://famousabout.com/wall-street-week-ahead-market-is-oversold-but-major-signs-say-sell http://famousabout.com/wall-street-week-ahead-market-is-oversold-but-major-signs-say-sell#comments Sun, 20 May 2012 16:57:12 +0000 France http://famousabout.com/wall-street-week-ahead-market-is-oversold-but-major-signs-say-sell NEW YORK (Reuters) – Normally a big decline would set up Wall Street for a technical rebound. But that may not be the case this week, even after the market posted its worst weekly loss for the year and the S&P fell for six straight sessions.

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Wall Street Week Ahead: Market is oversold, but major signs say "sell"
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]]> http://famousabout.com/wall-street-week-ahead-market-is-oversold-but-major-signs-say-sell/feed 0 Historic diamond sells for $9.7 mn http://famousabout.com/historic-diamond-sells-for-9-7-mn http://famousabout.com/historic-diamond-sells-for-9-7-mn#comments Sat, 19 May 2012 09:31:29 +0000 Ana Santos http://famousabout.com/historic-diamond-sells-for-9-7-mn A centuries-old diamond passed down through generations of European royalty fetched nine million Swiss francs ($9.7 million) at auction in Geneva on Tuesday.

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]]> http://famousabout.com/historic-diamond-sells-for-9-7-mn/feed 0 Greek politics, Spain banks test eurozone survival http://famousabout.com/greek-politics-spain-banks-test-eurozone-survival http://famousabout.com/greek-politics-spain-banks-test-eurozone-survival#comments Sat, 19 May 2012 09:15:28 +0000 Jon http://famousabout.com/greek-politics-spain-banks-test-eurozone-survival Chaos in Greek politics and Spanish banking combined this week to underscore just how fragile Europe’s economy remains after an eviscerating austerity regime that has spawned unemployment, desperation and misery.

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]]> http://famousabout.com/greek-politics-spain-banks-test-eurozone-survival/feed 0 G-8 leaders put focus on European financial crisis http://famousabout.com/g-8-leaders-put-focus-on-european-financial-crisis http://famousabout.com/g-8-leaders-put-focus-on-european-financial-crisis#comments Sat, 19 May 2012 09:11:14 +0000 ninaterol http://famousabout.com/g-8-leaders-put-focus-on-european-financial-crisis Drawn together in this serene mountain outpost, leaders of the major industrialized nations are prodding Germany to balance its push for European fiscal austerity with doses of stimulus spending to avoid an economic calamity that could reverberate worldwide.

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