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Why Europe bungled another rescue – CNN

Why Europe bungled another rescue – CNN

The Cyprus bailout illustrates why short-term tactical compromises are no substitute for proper, albeit much more difficult, strategic decision-making. By Mohamed El-Erian FORTUNE — The botched bailout of Cyprus sheds light on more than just the difficulties Europeans face in collectively designing a complicated country rescue package. It also serves as a reminder of the […]

Europe faces imminent test in Cyprus – CNN

Europe faces imminent test in Cyprus – CNN

Cypriots protest against EU bailout and plans for a levy on bank deposits Lawmakers in Cyprus rushed Tuesday to salvage a €10 billion bailout that was designed to shore up the tiny nation’s finances, but has instead […]

What the Cyprus Bailout Could Mean for Europe’s Debt – New York Times

What the Cyprus Bailout Could Mean for Europe’s Debt – New York Times

Yorgos Karahalis/ReutersA Bank of Cyprus branch in Athens. The Cyprus bailout is perhaps an even bigger deal than it first seemed, and not for bad reasons. When Europe announced details of its efforts to rescue Cyprus, it was immediately seen as contentious. The bailout imposes a tax on bank deposits to help pay the cost […]

Second Thoughts in Europe as Anxiety Rises in Cyprus – New York Times

Outside, the A.T.M. coughed up 50-euro bills, as few as two or four at a time — a relief, since banks will remain closed through Wednesday. Yet it was still not enough to assuage fears. “How can I trust any bank in the euro zone after this decision?” asked Andreas Andreou, 26, an employee at […]

Resistance in Cyprus Grows to Europe’s Bailout Plan – New York Times

President Nicos Anastasiades was trying to compel policy makers in Brussels to soften demands for a tax to be assessed on Cypriot bank deposits, saying European Union leaders used “blackmail” to get him to agree to those conditions early Saturday in order to receive a bailout package worth 10 billion euros, or $13 billion. Cyprus, […]

Poland and France Move Toward a Europe Less Dependent on US – New York Times

According to Mr. Rumsfeld, the new members of the European Union, especially Poland, supported the U.S. invasion of Iraq because they shared the American belief in freedom. They were also committed Atlanticists. Several of the older member states, Mr. Rumsfeld implied, were more interested in driving a wedge between Europe and the United States, even […]

Cyprus Bailout Puts New Pressure on Europe’s Banks – New York Times

Cyprus Bailout Puts New Pressure on Europe’s Banks – New York Times

Filip Singer/European Pressphoto AgencyAfter the Cyprus bailout, investors are worried that Italian or Spanish banks could face similar problems. LONDON – Just as pressure was easing on Europe’s financial sector, the situation in Cyprus has once again created chaos. After a proposed levy on retail deposits in Cyprus, shares in many of Europe’s largest financial […]

Nike’s China And Europe Weakness Could Trip Up N. America Growth – Forbes

Nike’s China And Europe Weakness Could Trip Up N. America Growth – Forbes

Nike Is Still Good For $110 Despite Earnings Miss Trefis Team Contributor NBA Deal, Olympics Help Kick Nike Stock Higher Trefis Team Contributor Gap Looking For Rebound Internationally Trefis Team Contributor Chinese Slow Down Makes U.S. Apparel Makers Sweat Trefis Team Contributor Quick Take We expect Nike’s top line growth in Q3 2013 to be […]

COLUMN – Europe’s hair-trigger economy: Summers – Reuters

Mon Mar 18, 2013 8:58am EDT By Lawrence Summers March 18 (Reuters) – Europe’s economic situation is viewed with far less concern than was the case six, 12 or 18 months ago. Policymakers in Europe far prefer engaging the United States on a possible trade and investment agreement to more discussion on financial stability and […]

US drops Europe missile defense plan – but Moscow is unimpressed – Christian Science Monitor

Russia issued a cool response to the scrapping of a NATO anti-missile system much resented by the Kremlin. But experts say the cancellation could still help US-Russian relations. By Fred Weir, Correspondent / March 18, 2013 A Russian military officer is on duty in the main control center of a radar station at the missile defense […]