EUROPEAN UNION

ECB Greek bond swap could pile pressure on euro zone: S&P

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The European Central Bank's decision to exempt itself from taking losses on its Greek bonds gives its senior status in the bond market and may push up borrowing costs of other debt-strained euro zone countries, Standard & Poor's said on Friday.
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Coalition of Nations to Call for Syria Ceasefire, Aid Access

Western and Arab nations will demand that Syrian forces implement an immediate ceasefire to allow relief supplies to reach desperate civilians in cities such as Homs which has endured a 20-day bombardment when they meet in Tunis on Friday.

EU Airline Carbon Tax: Foes Agree on Tactics

Countries opposed to an EU law forcing the world's airlines to pay for greenhouse gas emissions agreed on a basket of retaliatory measures, adding to a series of threats that have raised the prospect of the globe's first carbon trade war.
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ECB's Draghi says euro zone recovering slowly

The euro zone economy is on the mend after a very weak end to 2011 and there have been more positive signs over the last two weeks, European Central Bank President Mario Draghi was quoted on Thursday as saying.
Euro zone economy to shrink in 2012

European Commission Predicts Recessionary 2012 For Euro Zone

The euro zone area will fall back into recession this year due to the contracting economies of Greece, Italy and Spain, the administrative arm of the European Union said Thursday, abandoning its earlier prediction that recession will be avoided.
Obama and Peres

Obama to Meet with Israeli President on Iran Issue

President Barack Obama has scheduled a meeting with Israeli President Shimon Peres for early March, in which the main topic of conversation will surely be Iran. Will it be practice for Obama's meeting with Netanyahu the next day?
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EU seeks legal opinion on global copyright

The European Union's executive said on Wednesday it would refer a disputed global agreement to tackle online piracy to the bloc's highest court to check whether it complies with EU fundamental rights.
EU and IMF

EU to Ask G20 to Back Increased IMF Funds

European Union leaders will call at a summit next week for the world's 20 biggest economies (G20) to agree in April to substantially boost funds available to the International Monetary Fund, draft conclusions of the meeting showed.

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