PORTUGAL

Mozambique plans no local mine ownership targets

A mine worker looks on underground in Modderfontein east mine
Mozambique has no plans to impose local ownership requirements on its mining industry and it will not seek overly high government stakes in mining ventures that could deter investors, its national director of mines said.

S.Africa direct exposure to euro zone crisis low: Motlanthe

South African Deputy President Kgalema Motlanthe
South Africa's direct economic exposure to countries at the epicentre of the euro zone debt problems is low, but the risk of increased trade protectionism as a result of the crisis could harm local exports, Deputy President Kgalema Motlanthe said on Wednesday.
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Eurozone woes squeeze bank funding

Fear over European banks' exposure to risky government debt stalked markets and harried bank executives on Friday, as unsecured lending between banks evaporated and the cost of secured loans rose.
A machine counts and sorts out euro notes at the Belgian Central Bank in Brussels

Even Chance ECB will Start Printing Money: Reuters Poll

The European Central Bank could soon bow to pressure to print money to prevent a further escalation of the euro zone's debt crisis, with respondents in a Reuters poll giving an even probability the ECB would adopt a policy of quantitative easing.
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Euro zone, technicals unnerve Wall Street

Trigger-happy investors dumped stocks on Thursday, scared by the market's sudden fall through a key technical level brought on by more worries about Europe's debt troubles.
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Emergency post-election measures won't save Spain

Spain's new government may rush through emergency measures immediately after Sunday's parliamentary election, but unless the euro zone finds a durable systemic solution to its debt crisis, Madrid will still be forced to seek a financial rescue.

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