GERMANY

European Fears Flare

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In a direct statement overnight the European Commission has said it would consider directly recapitalizing troubled European banks via the European Stability Mechanism

EU Recommends Bank Bailout 'Union'; Germany Shoots Down Plan

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The European Union recommended Wednesday that the 17 countries of the euro common currency union create and fund a banking union for bailing out insolvent banks, preventing the fiscal and political stresses such moves have on individual national governments. The union would be funded by the European Stability Mechanism, one of the EU's standing bailout funds.
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US Stock Market

US Stocks - Time To 'Sell In May And Go Away'?

You can't blame investors for feeling a bit squeamish regarding deploying new money in the U.S. stock market these days, with the Dow Jones Industrial Average?s (DJIA) recent slide from 13,300 to 12,450 unnerving even the most experienced institutional investors. Where?s the market headed in the next six months?
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Who Is Brett Kimberlin? Meet The 'Speedway Bomber' Turned 'Liberal Activist'

Brett Kimberlin, also known as the Speedway Bomber, is the infamous male who set an Indiana town ablaze with a series of coordinated bombings in 1978. The man behind the madness was also convicted of thirty three additional crimes, including illegal use of a Department of Defense insignia, and the Presidential Seal, both of which were used to procure the hard-to-come-by explosives used in the bombings.
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Euro Zone Outlook Murky

While the European Economic Summit failed to provide any earth-shattering revelations this week, the topic of joint euro area bonds has re-emerged and seems to be garnering support with many political leaders
Running of the Bulls 2011. Pamplona, Spain

Is Germany Next? Investors Flee Madrid's CDS For Berlin

Investors are increasingly making a flight to quality as they pull out of credit-default swaps hedges on Europe's primary index as well as the markets for periphery nations like Spain, a trend which indicates higher expectations that periphery nations are unable to repay their debts and a lack of confidence in the political will of the economic union.
Iran baghdad talks

Iran Agrees To Resume Nuclear Talks Next Month In Moscow

The talks between the permanent UN Security Council members plus Germany (P5+1) ended in Baghdad after two days of tough negotiations surrounding Iran's alleged nuclear weapons program, which Iran had threatened to walk out of following the P5+1's refusal to scale back economic sanctions.
Chancellor Merkel and Finance Minister Schauble

EU Leaders Warn Greece: Stick To Austerity Or Leave Euro

Speaking at a summit in Brussels, the heads of Germany and several EU institutions all urged the debt-stricken country to stick to the deeply unpopular tax hikes, labor reforms and welfare cuts that have divided Greece and pushed it to the brink of exiting the currency union.

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