EUROPEAN UNION

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Juncker says a U.S. downgrade would hit whole world

Euro group chairman Jean-Claude Juncker said on Monday it would be surprising if the rest of the world, and the euro zone in particular, avoided repercussions were the United States to lose its AAA credit rating.
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The French TGV High Speed Train

The World's Most Impressive High Speed ?Bullet? Trains

The European Union defines High speed trains, also called Bullet trains for their appearance, with a speed limit of up to 250 kilometers per hour; while in the United States, Federal Railroad Administration identifies speed above 177 kilometers per hour for high speed trains.
Angela Merkel

Europe's "Marshall Plan" for Greece May Disappoint

Europe is promising to help kick-start economic growth in Greece as a way of dragging the country out of its debt crisis, but the scheme looks likely to move too slowly to have much impact in the next couple of years.
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Swiss franc hit all-time high vs USD

The U.S. dollar remained on the defensive in early Asia-Pacific having hit record lows on the safe-haven Swiss franc as the market awaited the latest attempt by President Barack Obama to break the deadlock on debt talks.
Anders Behring Breivik

Philosophy of Oslo Killer: Excerpts from Anders Breivik?s Manifesto

If Anders Breivik were not a mass killer he would have been an academic of quite some substance -- it is with commanding flair that he flits from one philosopher to another in his raving 1500-page thesis against multiculturalism in Europe, the idea of political correctness and the perceived Islamization of Europe. His thesis contains some of the most potent and abrasive tirades against multiculturalism to this date. Drawing on his conviction that an Islamic colonization of Europe is taking place...
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ECB's Trichet confident Greek crisis a one-off

Greece's sovereign debt crisis will prove unique in the euro zone and will not spread to other countries, European Central Bank President Jean-Claude Trichet said in a newspaper interview on Friday.
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Nowotny breaks ranks with ECB hard line on Greece

A rescue package for Greece could involve a short-term default without disastrous repercussions for the euro zone, Austria's central bank governor said, the first sign of a crack in the European Central Bank's hard line.
Five-tael (6.65 ounces or 190 grams) gold bars are seen at a jewellery store in Hong Kong in this April 21, 2011 illustration photo.

Gold Hits Fresh Record; Debt Ceiling Stalemate, EU Crisis to Give Tailwinds

Spot gold prices touched a new record high of $1598.41 on Monday, extending the longest rally in about 40 years. The latest wind in the tail came from worsening worries of a European sovereign crisis and the painful stalemate in the US debt ceiling talks that has raised the specter of an unprecedented Treasury default.
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Spain will avoid Black Monday on markets: EBA

Markets won't punish Spain on Monday even though the majority of banks that failed Europe-wide stress tests were Spanish, the head of the European Banking Authority said in an interview.
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ECB's Bini Smaghi favours EFSF debt buybacks

Allowing the EFSF bailout mechanism to buy back bonds from the secondary market would help deal with Europe's debt crisis, European Central Bank Executive Board member Lorenzo Bini Smaghi told a Greek newspaper.
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Euro zone summit on Greece called for July 21

Euro zone leaders will meet in Brussels on July 21 to discuss a second bailout package for Greece and the financial stability of the euro area, European Council President Herman Van Rompuy said on Friday.

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