Tag Archives: Germany

Has The Run On Europe Begun?

Columnist Henry Blodget of Business Insider seems to think so. He makes the case that lenders across the globe are “pulling their money out of Europe.” As a result, the borrowing costs of many European countries are rising fast. And so are inter-bank lending rates, because the second huge problem with the Euro-train-wreck is that Europe’s banks have Euro…

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Conservative Merkel captures 2nd term in Germany

http://news.yahoo.com/s/ap/200…
BERLIN – German Chancellor Angela Merkel on Sunday won the center-right majority that eluded her four years ago – nudging Europe’s biggest economic power to the right as it claws its way out of a deep recession. Voters sent the nation’s main left-wing party, the Social Democrats of Foreign Minister Frank-Walter Steinmeier, into opposition after 11 years as part…

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