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Five reasons why the E.U. deserved the Nobel Peace Prize
An E.U. flag flies near the Parthenon in Athens. (Bloomberg) The Nobel Peace Prize this year went to the European Union, which prompted cackles at a time when the E.U., or at least its common currency,...
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Is the EU making progress? Experts answer with a resounding ‘sort of.’
The most common question asked (shouted?) these days about the euro zone crisis is along the lines of, “WHEN WILL IT FINALLY END?!” According to a Brookings Institution mini-crowd sourcing effort, the...
View ArticleBuild your own Cyprus bailout!
As I explained Monday morning, a substantial portion of the European Commission/European Central Bank/International Monetary Fund bailout is going to be financed by a “haircut” taken from bank deposits...
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Cyprus is rejecting its bailout. Now what?
Remember that Cyprus bailout we told you about Monday? It might not happen after all. Reports from Nicosia suggest that the bailout plan — negotiated between the Cypriot government and the so-called...
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Cyprus, Luxembourg, Italy or Malta: Which country will unravel the euro zone?
Cyprus’s president says that country’s economic crisis is now contained, and it won’t need to leave the euro. But even if you believe him, that hardly means Europe is out of the woods. Slovenia was...
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Why “we only spy on foreigners” doesn’t work any more for the NSA
In recent weeks, the NSA has stressed that it only “targets” people with foreign ties. That argument may satisfy most Americans. But the foreigners in Europe aren’t happy about it. On Thursday, as...
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Leaving the European Union could cost every British family a month’s pay, new...
President Obama and British Prime Minister David Cameron walk to a news conference in central London on April 22. (AFP PHOTO / PETER NICHOLLS) Less than two months before Britain’s historic vote over...
View Article‘Brexit’ could send shock waves across U.S. and global economy
Britain's departure from the European Union could send shock waves across the global economy and threaten more than a trillion dollars in investment and trade with the United States. International...
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Three big ways Brexit could affect Americans personally
In Britain, the debate over whether to remain in the European Union was an impassioned one, an existential crisis of national identity that inspired protests along the famed River Thames and divided...
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Dow drops more than 600 points as Brexit raises risk of global recession
The risk of another global recession escalated Friday after Britain’s stunning decision to leave the European Union plunged financial markets into free fall and tested the strength of the safeguards...
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