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Spanish Prime Minister Rodriguez Zapatero

Worsening Debt Crisis Means Euro Zone Could Fall Apart: CEBR

With signs emerging that the financial foundations of two of Euro Zone's founding members -- Italy and Spain -- are shaken badly by the worsening debt crisis, the continued existence of the euro area grouping has become doubtful, according to a major think tank.
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Fitch keeps US AAA rating, review ongoing

Fitch upheld its AAA rating on the United States on Tuesday after lawmakers approved spending cuts to avoid a U.S. default, but it warned the world's largest economy must cut its debt burden to avoid a future downgrade.
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Time to explore post-prohibition model by decriminalizing drugs

Marijuana Ban is a Failed Model, Say Experts

Indiana state lawmakers, who are analyzing the implications of amending its drug laws to decriminalize marijuana, were told by a panel of experts that the prohibition of marijuana in U.S. is a failed model and Indiana stands a chance to benefit from decriminalizing marijuana.

Is Madeleine McCann in India? The Confusing Answer

Madeleine McCann, the British girl who has been missing for four years, was reportedly spotted in the northern Indian town of Leh. However, details of the spotting are unclear and the McCann family is not optimistic.
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Moody's profit beats estimates on bond issuance

Moody's Corp , owner of one of the three major debt-rating agencies, reported a 56 percent rise in second-quarter profit, but cautioned that the second half of the year would be more difficult.
International Monetary Fund (IMF) Managing Director Christine Lagarde

IMF chief urges U.S. to immediately resolve debt spat

IMF chief Christine Lagarde on Tuesday urged the United States to quickly resolve a political stalemate over raising the debt ceiling, warning that failure to reach an agreement would have serious consequences for the world economy.
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Moody's warns Greek default almost certain

Moody's cut Greece's credit rating further into junk territory on Monday and said it was almost certain to slap a default tag on its debt as a result of a new EU rescue package.
A protester waves a Greek flag during a rally against austerity economic measures and corruption in Athens

Moody's warns Greek default almost certain

Moody's cut Greece's credit rating further into junk territory on Monday and said it was almost certain to slap a default tag on its debt as a result of a new EU rescue package.
Factory in Japan

Elusive Rebound Better Come Soon

American consumers, faced with grim job prospects and the looming threat of a national debt default, are in no position to support the global economy with a new wave of spending.
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Signs of global slowdown mount; debt crisis weighs

Private-sector growth in the euro zone ground to a halt this month and China's factory sector contracted for the first time in a year, surveys showed on Thursday, deepening evidence of a global slowdown.
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Global slowdown signs strengthen, debt crisis weighs

Growth ground to a halt in the euro zone's private sector this month while China's factory sector contracted for the first time in a year, surveys showed on Thursday, deepening evidence of a sharp slowdown in the global economy.
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Euro zone private sector growth slumps in July: PMI

The euro zone's private sector grew at its weakest pace in almost two years this month as demand from abroad fell and the region's ongoing debt crisis weighed on minds at home, business surveys showed on Thursday.
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Euro up on Greece deal hopes, gold off highs

The euro climbed a third day on Thursday as a deal between France and Germany over a bailout of Greece raised hopes ahead of a major European summit, though investors barely moved from government bonds and precious metals.
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Cyprus may need bailout after blast: c.banker

Cyprus may need a bailout to cope with its worst peacetime disaster from a munitions blast unless urgent action is taken to improve the country's finances, Central Bank Governor Athanasios Orphanides has warned.

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