EUROPEAN UNION

IMF candidate Carstens urges tough euro zone plan

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A non-European head of the International Monetary Fund could mean a tougher, more realistic action plan for the euro zone debt crisis, Mexican central bank chief Agustin Carstens said in newspaper interviews on Tuesday.
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Greece mustn't default, ECB's Bini Smaghi tells FT

The idea that a Greek debt restructuring could be carried out in an orderly way is a fairytale, European Central Bank board member Lorenzo Bini Smaghi told the Financial Times in an interview published on Monday.
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Gaddafi Paranoid About Dying, On The Run: UK Official

British intelligence sources are convinced that Libyan dictator Moammar Gaddafi has become “paranoid” that NATO’s missile attacks on his country will lead to his death, according to a report in the Daily Telegraph newspaper, quoting UK diplomats.

Who Is Ratko Mladic?

He may not be as globally well-known as Osama bin Laden, but Ratko Mladic is one of the most notorious war criminals of our era.

BRICs slam European grip on IMF, Lagarde leads race

Top emerging economies joined forces to slam Europe's obsolete grip on the IMF's top job, even as France's finance minister appeared to strengthen her lead in the race to replace Dominique Strauss-Kahn.

Obama, Cameron Talk Broad Guidelines for Use of Force

President Barack Obama and U.K. Prime Minister David Cameron laid out their broad guidelines for using force against other nations in the context of a wide-ranging opinion piece on Tuesday which touched upon rising democratic movements in the Middle East and the fight against terrorism in Afghanistan.

Greece Begins Sale of State Assets To Ease Massive Debt

Under enormous pressure from the European Union (EU) and International Monetary Fund (IMF), the Greek government has commenced a program to sell of certain domestic assets in order to reduce the country’s burdensome debt.

EU Plans To Sock Assad With Sanctions

The European Union (EU) will implement sanctions on the president of Syria, Bashar al-Assad, in an effort to force the Damascus government to cease its violent campaign against anti-regime protesters, according to reports.

Doomsday for the Dollar?

The dollar may need to make room for the Euro and the Renminbi as the rise of economic strength and influence of emerging markets threaten its dominant position as the world's currency.

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