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Against the backdrop of a European economic crisis of monumental proportions, the creation of the UK’s coalition government must seem like “noises off” to the rest of the European audience. But at least the deal reached between Conservative leader David Cameron and Nick Clegg of the Liberal Democrats could provide political stability in Britain for… » read more

Posted by Michael Berendt

The markets have been bowled over by the scale of the eurozone bail-out package announced this morning, after agreement by G-7 finance ministers, the ECB, the European Commission, the 16 eurozone governments and the International Monetary Fund. An emergency funding facility of up to €720 billion is designed to protect weaker eurozone members and save […]

Posted by Michael Berendt

The markets have been bowled over by the scale of the eurozone bail-out package announced this morning, after agreement by G-7 finance ministers, the European Commission, the 16 eurozone governments and the International Monetary Fund. An emergency funding facility of up to €720 billion is designed to protect weaker eurozone members and save the integrity… » read more

Posted by Michael Berendt