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Is a Spanish Bailout Coming?

The Economist asks why Spain has not yet taken full advantage of the bond buying scheme announced by European Central Bank President Mario Draghi, a plan that was designed specifically to aid countries in Spain’s economic condition. Spanish Prime Minister Rajoy’s reluctance to admit Spain’s need for a bailout has complicated the ability of the […]

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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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