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International Monetary Fund's Economic Counsellor Olivier Blanchard presents the World Economic Outlook in Washington

Eurozone Agreement an Incomplete Solution to the Problem: IMF

An agreement reached by European countries for deeper economic integration was a step in the right direction but not a complete solution for the Eurozone's debt crisis, International Monetary Fund Economic Counsellor Olivier Blanchard said Sunday.

The Day Europe Lost Patience with Britain: Friday?

Hungary's Prime Minister Orban and Britain's Prime Minister Cameron attend a EU leaders summit in Brussels
It was billed as a summit to save the euro. It may be remembered as the day Europe lost patience with Britain, as most of the continent threw its lot in with European Union founding members France and Germany and committed to binding their economies ever more tightly.
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Highlights: EU leaders' comments after summit talks

Europe divided in a historic rift on Friday over building a closer fiscal union to preserve the euro, with a large majority of countries led by Germany and France agreeing to forge ahead with a separate treaty, leaving Britain isolated.
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Europe's Markets Close Higher Friday on EU Fiscal Deal

European shares rose on Friday in a tentative relief rally, recouping back most of the losses in the previous session after a majority of European leaders agreed to work towards stricter budget discipline, at a crucial summit.
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Gold Edges up After Euro-Summit Appears to Succeed

Gold prices edged higher Friday after Eurozone leaders, in their eighth sovereign debt crisis summit this year, agreed to craft a treaty that will limit the ability of members to run-up unsustainable government debts.
Prime Minister Cameron leaves Downing Street in London

UK Isolated as Europe Moves Toward Fiscal Union

Europe divided on Friday in a historic rift over building a fiscal union to preserve the euro, with a large majority of countries led by Germany and France agreeing to move ahead with a separate treaty, leaving Britain isolated.
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Oil Trades below $98 on EU Summit Doubts

Crude oil prices dropped below $98 a barrel in Asian trade Friday as investors' hopes dimmed over the outcome of a crucial European Union summit later in the day.

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