GERMANY

Greece must shrink state to avoid default: lenders

Greece must shrink state to avoid default: lenders

International lenders told Greece on Monday it must shrink its public sector and improve tax collection to avoid default within weeks as investors spooked by political setbacks in Europe dumped risky euro zone assets.

Beyond the gloom, reforms bode well for growth

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Largely unnoticed by markets riveted by the drama of the day, more and more countries are successfully implementing complex, politically treacherous reforms needed to raise their long-term economic growth rates.
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Traders work on the floor of the New York Stock Exchange

U.S. Stock Index Futures Signal Sharp Losses

Stock index futures pointed to a sharply lower open on Wall Street on Monday, as renewed fears of a Greek debt default prompt investors to book some of last week's gains and turn to safer assets such as gold.
The rupee ended stronger on Monday as investors took comfort from the $1 trillion emergency rescue package aimed at preventing Greece's debt crisis from spreading through the euro zone.

Rupee Down on Euro's Slide, Local Shares

The Indian rupee fell on Monday tracking the euro's losses and weak domestic equities as heightened worries over European debt crisis pushing investors to cut holdings in riskier assets.
1. Angela Merkel : German Chancellor and head of the Christian Democratic Union (CDU) party

Left Wins Berlin Vote in New Defeat for Merkel

Germany's Social Democrats beat Angela Merkel's conservatives in a regional vote in Berlin on Sunday, handing the chancellor her sixth election defeat this year ahead of a key euro zone vote in parliament in two weeks.
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ECB'S Weidmann says wrong to ditch monetary policy principles

ECB Governing Council member Jens Weidmann, an opponent of the bank's bond-buying program, told Germany's Spiegel magazine the ECB had burdened itself with considerable risk and it was wrong to abandon established principles of monetary policy.
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Stealth Key to Olympic Security: Expert

Major sports events like the Olympics and soccer World Cup should retain tight security to counter terrorist threats, but policing should be less visible and more flexible, a top international security expert said on Friday.
solar city

Drop in 2010 Solar Costs May Accelerate: Study

The cost to install solar power in the United States fell by 17 percent in 2010 and is on pace to drop even faster this year, according to a new report issued by the Lawrence Berkeley National Laboratory.

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