GERMANY

Bernanke warns spending cuts could derail recovery

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Federal Reserve Chairman Ben Bernanke warned on Thursday that overzealous cuts to government spending in the short term could derail a shaky recovery and said a debt default could wreak financial havoc.

TMX's hostile bidder would prefer its consent

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A Canadian consortium would rather woo TMX Group then press forward with its hostile takeover bid, but it says it will do whatever it takes should talks with the Toronto Stock Exchange operator break down.
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Bernanke: Cutting too much too soon could hurt recovery

U.S. Federal Reserve Chairman Ben Bernanke warned Congress on Thursday that overzealous cuts to government spending in the short term could derail an already fragile recovery and said a U.S. debt default may wreak financial havoc.
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Bernanke to face grilling on jobs, debt, Europe

Federal Reserve Chairman Ben Bernanke goes to Capitol Hill on Wednesday to testify about the sputtering U.S. recovery, but may have to spend much of his time convincing a stubborn Congress to raise the debt ceiling.
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European summit needs to be game-changer: Irish PM

European Union leaders need to come up with a comprehensive plan for tackling the region's debt crisis if they hold an emergency summit on Friday, the Irish Prime Minister said on Wednesday after Ireland had to swallow its first ever junk credit rating.
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Bank funding crunch overshadows Europe stress test

A Europe-wide test of the safety of its banks risks becoming a sideshow as long as politicians struggle to contain the continent's debt crisis and the detrimental impact on day-to-day funding for lenders.
Jews who fled Nazis return for Vienna games

80-year-old Jews Return for Vienna Games

Having escaped the Holocaust as boys, two 80-year-old Jewish doctors from the United States have returned to Vienna to swim in the European Maccabi Games and have the last laugh at the Nazis who tormented their youth.
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Q-Cells Scores Another Efficiency World Record, Kicked Out of Solar-Index PPVX

Germany based solar panel technology leader Q-Cells SE scored its fourth world record for solar cells and modules this year by breaching the 18% level for yields in solar panel modules. But despite of this success it was removed from the PPVX share index a renown German magazine of the solar sector after Goldman Sachs and HSBC both gave bad grades in their reports.
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Merkel: Italy must send signal on budget reforms

German Chancellor Angela Merkel said on Monday that Italy must demonstrate it is undertaking the budget reforms required to restore confidence in the euro zone, and she was confident that it would do so.

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