Topic: European Commission
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Greek bailout: 5 key conditions set by EU
European Union leaders agreed to a €130 billion ($172 billion) bailout deal for Greece early this morning after a long night of negotiations. Here are five key elements of the bailout deal.
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Photos of the Day: Photos of the Day 06/22
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The five most dangerous countries for women
TrustLaw, an organization that provides legal aid and information on women's rights, set out to determine which countries were the most dangerous for women.
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Photos of the Day: Photos of the Day 03/04
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Eggs. Shrek glasses. Sure, but what was the top recall of 2010?
It was a year when contaminated eggs and McDonald's glasses found their way into the headlines. But the product fiascos of 2010 included everything from recalled cars and home appliances to food and medications. What was the year’s top recall? Read on:
All Content
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EU calls for "banking union" to fight debt crisis
The European Commission proposed Wednesday that such a body should oversee banks directly, sidestepping national governments.
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As fears about Europe's future worsen, the Dow closes down
Fearing a financial rupture in Europe, investors around the world fled from risk Wednesday. They punished stocks and the euro, and the yield on a benchmark US bond hit its lowest point since World War II. The Dow closed down 161 points to land at 12419.
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Strengthen the euro and reform the European Commission
At a time of European debt crisis, when some see a common currency as a straightjacket, Europe must follow through and strengthen the euro. Europe must also move on political reform. One place to start: Elect the president of the European Commission, the EU's executive arm.
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Tax VOX
JPMorgan and the London Whale: Should we tax securities investments?
Ever since the U.S. financial crash of 2008 and the beginnings of the pending Euro-zone financial collapse, governments have been debating whether securities transactions should be subject to a new tax. Such a levy would discourage bad behavior in the financial markets, but it could have dire unintended consequences.
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No government yet for Greece after Sunday's election
Voters sent a strong message of anger over austerity measures imposed by Greece's foreign lenders, but with no party in the majority a government has yet to be formed.
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Gerhard Schröder: Don't strangle Europe with austerity
Europe is churning after anti-austerity elections in Greece and France, where Socialist François Hollande ousted Nicolas Sarkozy. Europe must now shift from pure austerity toward growth. It must also keep working toward closer political union. Both moves will help Germany's economy.
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French president-elect Hollande promises 'kinder, gentler austerity' (+video)
As leader of Europe's No. 2 economy, French President-elect François Hollande has the power to challenge German Chancellor Angela Merkel's austerity doctrine.
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Europe calls Euro 2012 penalty on Ukraine for treatment of Tymoshenko
With Ukraine and Poland preparing to host the Euro 2012 soccer championship, Europe sees it as an opportune time to pressure Ukraine over its treatment of opposition figure Yulia Tymoshenko.
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Le Pen rebuffs Sarkozy, tells supporters to make own choice in French vote Sunday (+video)
French far-right presidential candidate Marine Le Pen refused to support President Nicolas Sarkozy in his reelection bid and released her supporters to vote for whomever they wished this Sunday.
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Argentina's move to nationalize oil firm YPF highlights Spain's decline
Spain used to be one of the most powerful economic forces in Latin America, but now it's struggling to punish Argentina for nationalizing a Spanish-owned oil producer.
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Inside US lawsuit: How Apple, publishers allegedly brought Amazon to heel
US antitrust lawyers filed a lawsuit against Apple Inc. and two publishers, alleging they conspired to inflate the price of e-books, at an estimated cost to readers of $100 million.
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Hungarian president steps down, robbing hard-line government of rubber stamp
Amid accusations of plagiarism in his doctoral dissertation, Hungarian President Schmitt announced his resignation today.
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Europe to Germany: your eurocrisis 'answers' don't work for us
As prosperous Germany reshapes Europe's fiscal operating system to fit the German doctrine of austerity, questions and warnings are on the rise.
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Spain leads Europe's rebellion against German austerity
Prime Minister Mario Rajoy told EU officials that Spain would not meet its deficit target for 2012. Other countries, struggling to avoid further recession, may follow suit.
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Keep Calm
Why Sarkozy's hard words about immigration may resonate in France
The bedrock concept of Frenchness is that any French citizen can climb the ladder, if they speak French. But what about immigrants -- 11 percent of population -- who don't integrate?
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Greece's debt: What happens if deal fails?
Greece debt default looms if 75 percent of debt-holders don't go along with the negotiated restructuring plan. Even so, market reaction to a disorderly default on Greece's debt could be minimal.
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For bailout nations, new EU treaty is high price to pay
A new EU fiscal treaty could help keep national governments from overspending. But for EU nations already receiving bailouts, its conditions would be a big blow to their economies and national pride.
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EU leaders sign treaty to enforce fiscal discipline as Spain rebels
Spain told European Union leaders as they gathered to sign a fiscal treaty that it couldn't meet the deficit targets set by the EU for the upcoming year.
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EU pushes bigger bailout fund and Germany pushes back
Many European leaders and financial institutions are pushing for a larger permanent EU bailout fund, saying it would send an important signal. Germany, its main funder, says such talk is premature.
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For Serbia, membership in troubled EU still a prize
The European Union will make Serbia an official candidate for EU membership this week. It's a positive development for a country that wants to show it's in line with democratic ideals.
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German vote on Greek bailout hints at tough road ahead for Merkel
The German parliament endorsed a second bailout for Greece, but a drop in support among members of Chancellor Merkel's coalition is evidence that she'll have to work hard to get support for future assistance.
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Microsoft wages patent battle with Motorola and Google
Motorola has been hit with complaints from Microsoft and Apple regarding strict patent regulations, while Motorola says both companies are taking too many liberties with its patents. Will they reach a compromise?
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Greece begrudgingly cedes sovereignty in exchange for bailout funds
The conditions the European Union set for Greece in exchange for a second bailout represent a very unusual amount of outside control and oversight of a sovereign country.
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Lifting Africa from a mineral 'curse'
The US and Europe are moving towards rules that would require their oil and mining industries to reveal all payments to foreign governments. Resource-rich but poor Africa will benefit from such transparency.
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Greek bailout: 5 key conditions set by EU
European Union leaders agreed to a €130 billion ($172 billion) bailout deal for Greece early this morning after a long night of negotiations. Here are five key elements of the bailout deal.
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