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Flaherty says Greek crisis worse, warns of meltdown

Flaherty Says Greek Crisis Worse, Warns of Meltdown

The Greek debt crisis is getting worse rather than better, Canadian Finance Minister Jim Flaherty said on Monday as he urged European leaders to take clear and decisive action to avoid a banking meltdown.
Customers use ATM machines inside of a Bank of America branch.

Bank of America Debit Card Fee Inspires Anti-bank Rhetoric

When Bank of America announced last week that it would begin charging a $5 monthly fee to customers using their debit cards at retail locations, it understandably caused a fair amount of complaining from consumers, a fact that was noted across the board by various media sources Friday. But it also inspired a wave of anger against banks in general.
Knox, U.S. student convicted of murdering her British flatmate Kercher in Italy in November 2007, arrives in court in Perugia 30/09/2011

Amanda Knox: Jurors Debating Knox's Fate

The Amanda Knox verdict is now hours away -- what will the fate of the American girl be? In Perugia, Italy, six jurors and two judges are currently sitting in a room deciding how to answer that question.
Libya

Fighting halts aid mission into Libyan siege city

A Red Cross convoy carrying aid to relieve a humanitarian crisis in Libya's besieged city of Sirte had to turn back on Monday because Libyan interim government forces unleashed a barrage of fire.
Nigeria

Nigeria: At Least 25 Killed in Weekend Attacks

Nigeria experienced an explosion of violence over the weekend, with a number of militant attacks occurring all over the country. On Sunday, 23 people were killed when around 70 attackers stormed the village of Ligyado in Zamfara State armed with AK47 rifles, daggers, machetes and sticks.
Greece's PM Papandreou addresses the audience at the International Trade fair of Thessaloniki in northern Greece

European Shares Swoon on Greek Deficit Reduction Fears

European stocks are dropping on reports that the Greek government will not achieve the deficit targets it needs to receive the next tranche of the bailout from the European Union (EU) and International Monetary Fund (IMF).
U.S. Postal Service faces doomsday.

U.S. Postal Service: A Requiem

After posting an $8.5 billion loss last fiscal year, the postal service is on a pace to go $10 billion in the hole in fiscal 2012.
The DAX Index board is pictured during a trading session at Frankfurt's stock exchange

Markets Reel as Greece Stumbles Toward Default

Greece's admission that it will miss its deficit targets this year and next despite harsh new austerity measures sent stock markets reeling on Monday and raised new doubts over a planned second international bailout.

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