Los Angeles TimesMay 17, 2013
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ATHENS – Cyprus’ parliament has pushed back debate of a controversial bailout that would force savers to pay a levy of up to nearly 10% on bank deposits in exchange for a $13-billion international aid package to avert a chaotic government...
Mr. Speaker, Mr. Vice President, Members of Congress, fellow citizens: Fifty-one years ago, John F. Kennedy declared to this Chamber that “the Constitution makes us not rivals for power but partners for progress…It is my task,” he...
WASHINGTON -- American International Group announced it is selling a majority stake in its Century City aircraft leasing company to Chinese investors as the insurance giant continued to shed non-essential assets to help pay off its government bailout...
The U.S. Treasury on Wednesday announced plans to liquidate its holdings in General Motors Co. over the next 15 months, starting with the sale of about 40% of its shares by the end of this month. GM will purchase 200 million of the 500 million shares...
World NowEurope’s long-running debt crisis flared sharply as Spain’s borrowing rates jumped to another record high and worries grew over Greece’s ability to keep on qualifying for the emergency loans it desperately needs to stay afloat....
Stock markets around the world roared higher Friday after European policymakers made their latest move to ease the continent’s debt crisis. Lawmakers agreed to pump money into troubled banks directly from the continent’s bailout fund rather...
Spanish officials are likely to follow those in Greece, Portugal and Ireland in asking for an international bailout when they participate in a conference call with representatives of fellow Eurozone countries Saturday, according to news reports. But...
Tags: Spain, European Union, George Soros, Twitter, Inc., Barack Obama
World NowAntonis Samaras, head of the winning New Democracy party, opened talks with other parties on forming a coalition government in politically polarized Greece....
World NowSpain appears to be close to asking for an international bailout of its flagging baking sector. Some reports say the request could come as early as this weekend....
Mar 17, 2013 |Story| Los Angeles Times
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