Euro Crisis

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Newly Elected French President Francois Hollande Declares: ‘My enemy is the world of finance.’

Francois Hollande, fresh off of his victory over former French President Nicolas Sarkozy, declared during the campaign that the ‘world of finance’ is his enemy and now he has a chance to make good on his promises to dilute the power of the financial sector in French politics. Among his proposals include increasing taxes on […]

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Francois Hollande Elected President of France: Nicolas Sarkozy Concedes Defeat in Recent Presidential Contest

The Fifth Republic has chosen its first socialist president since Francois Mitterand: Francois Hollande, an experienced political organizer that has, until now, never held high government office. Nicolas Sarkozy, pulling 48.1% of the vote, concedes victory to Francois Hollande of the Socialist Party of France at 51.9%. While described as reserved by some, this does […]

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European Pessimism and German Ambitions: Reasons for Worry?

The recent financial crises spreading throughout debt heavy European sovereigns has called into question the viability of the common currency and the whole European project. In its initial stages, the European Coal and Steel Community was proposed by French foreign minister Robert Schuman on May 9, 1950 as a way to prevent future war from […]

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Greece Releasing Names of Wealthy Who Don’t Pay Taxes.

The Global Post is reporting that Greece is about to start publicizing the names of its wealthy elite who flaunt tax laws, estimating some third or $20 billion in taxes go unpaid every year in Greece. This inability to fully collect its revenues has been blamed for much of Greece’s budgetary shortfalls and, it’s speculated, […]

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Italy’s Sovereign Debt Rating Cut by S&P, Calls for Berlusconi to Resign.

Not that this is shocking news to anyone who has been following the story of Italy’s sovereign debt crisis, but always reliable US firm Standard and Poor’s has cut Italy’s debt rating on fears that its economy will slow, thus hampering its ability to effectively repay its debts. The cut is from A+ to A. […]

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