EUROPEAN UNION

Ireland may seek to sell troubled banks to Middle East investors

An investor monitors stock market activities at the Doha securities market
An Irish delegation led by former prime minister John Bruton has travelled to the Middle East, gauging the interest of Arab investors, including sovereign wealth funds, in buying some troubled Irish banks, as the Dublin government seeks foreign investors for financial investment.
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France's President Nicolas Sarkozy speaks with Britain's Prime Minister David Cameron at the NATO summit in Lisbon

Opinion: Europe's Latest Civil War Has Begun

A war is now raging in Europe. On one side are the forces of the corporate state led by Germany and France; on the other are the forces of free-market capitalism led by Britain.
An employee walks in front of shelves with newly made shoes at a leather shoe factory in Hefei, Anhui province - file photo

Chinese products attract most anti-dumping measures worldwide: WTO

China was the subject of most number of anti-dumping investigations in the first half of the year, and products exported from China attracted the highest number of anti-dumping measures by other countries, the World Trade Organization (WTO) has said in a report.
Ireland's Prime Minister Brian Cowen (R) speaks during a news conference, with Finance Minister Brian Lenihan, in Government Buildings, Dublin November 24, 2010.

Ireland presents austerity budget to meet terms of EU/IMF bailout

The Irish government has presented what is likely the toughest austerity budget in its history, comprising spending cuts of 6-billion euros ($8-billion) and an increase in taxes, in addition to other measures already outlines last month in the so-called “National Recovery Plan.”
View of a 2 Euro coin which commemorates the 70th anniversary of General Charles de Gaulle's call for resistance by the French citizens, is seen at the "Monnaie de Paris" factory in Pessac

Euro collapse a “possibility”: UK economist

The euro currency might not survive the current sovereign debt crisis and may be in danger of collapse, according to Stephen Nickell, an economist at the independent Office of Budget Responsibility (OBR) member and former Bank of England member.
Dominique Strauss-Kahn

IMF urges EU to increase rescue fund

The International Monetary Fund (IMF) is urging the European Union (EU) to expand the size of its rescue fund in the wake of weakening market performance in the euro zone’s peripheral members.
Large euro sign installation is seen in front of the European Central bank headquarters in Frankfurt

'Euro can be saved if PIGS bow out'

The crisis-hit peripheral countries have more of a 'solvency problem' than a liquidity problem and their public finances cannot be brought to order without leading to a deep and prolonged recession, as long as they are part of the eurozone, analysts have said.
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ECB's Trichet: EU policy, funds must be up to task

Europe's reaction to the fiscal crisis and the stabilization fund set up to deal with it must be commensurate to the problems involved, European Central Bank President Jean-Claude Trichet said on Friday.

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