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European Debt Crisis

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    Mar 18, 2013 |Story| Los Angeles Times

  1. Cyprus shuts banks through Thursday amid fears of widening crisis

    ATHENS — Amid renewed fears of a widening economic crisis in Europe, Cyprus on Monday ordered its banks shut through Thursday, postponing for a second time in two days a crucial parliamentary debate on whether bank depositors on the Mediterranean island should pay a levy of up to 10% in exchange for a $13-billion international bailout.
    ATHENS — Amid renewed fears of a widening economic crisis in Europe, Cyprus on Monday ordered its banks shut through Thursday, postponing for a second time in two days a crucial parliamentary debate on whether bank depositors on the Mediterranean...

    Tags: Cyprus, Economy, Business and Finance, European Union, Finance, Vladimir Putin

    2. Feb 28, 2013 |Story| Los Angeles Times

  2. U.S. economy grew late last year, but barely

    WASHINGTON -- The U.S. economy barely grew late last year, thanks largely to a plunge in federal defense spending that in part was likely preparation for the budget cuts under the so-called sequestration.
    WASHINGTON -- The U.S. economy barely grew late last year, thanks largely to a plunge in federal defense spending that in part was likely preparation for the budget cuts under the so-called sequestration. The nation's gross domestic product, or the...

    Tags: Ben Bernanke, Budgets and Budgeting, U.S. Congress, Economic Indicator, Petroleum Industry

    3. Feb 26, 2013 |Story| Los Angeles Times

  3. Bernanke warns Congress that budget cuts pose danger [Updated]

    WASHINGTON -- Federal Reserve Chairman Ben S. Bernanke warned Tuesday that the upcoming budget cuts under the so-called sequestration would create a "significant" burden on an economy that is growing only moderately.
    This post has been updated, as indicated below.
    WASHINGTON -- Federal Reserve Chairman Ben S. Bernanke warned Tuesday that the upcoming budget cuts under the so-called sequestration would create a "significant" burden on an economy that is growing only moderately. In his semi-annual economic report...

    Tags: Public Finance, Employment Opportunities, Labor Markets, Inflation and Deflation, Patrick J. Toomey

    4. Feb 16, 2013 |Story| Los Angeles Times

  4. G-20 moves to allay fears of 'currency war'

    WASHINGTON -- Top finance officials of the Group of 20 largest economies sought Saturday to allay fears of a currency war, pledging not to target exchange rates to gain a competitive advantage in trade.
    WASHINGTON -- Top finance officials of the Group of 20 largest economies sought Saturday to allay fears of a currency war, pledging not to target exchange rates to gain a competitive advantage in trade. But the joint statement, issued at the end of a G-...

    Tags: Shinzo Abe, Money and Monetary Policy, China, Russia, Japan

    5. Jan 22, 2013 |Story| Los Angeles Times

  5. 11 EU nations to plan tax on financial transactions

    LONDON – Pressing ahead where others have balked, 11 European countries received the green light Tuesday to plan a financial transaction tax that could generate billions of dollars in revenue for cash-strapped governments.
    LONDON – Pressing ahead where others have balked, 11 European countries received the green light Tuesday to plan a financial transaction tax that could generate billions of dollars in revenue for cash-strapped governments. Led by Germany and...

    Tags: Economy, Business and Finance, International Organizations, European Union, Finance, Portugal

    6. Jan 23, 2013 |Story| Los Angeles Times

  6. Investors say U.S. fiscal woes pose biggest risk to global economy

    WASHINGTON -- Investors around the world say the fiscal woes of the U.S. -- highlighted by the ongoing fight over the debt limit -- pose the biggest risk to the global economy this year, according to poll results released Wednesday.
    WASHINGTON -- Investors around the world say the fiscal woes of the U.S. -- highlighted by the ongoing fight over the debt limit -- pose the biggest risk to the global economy this year, according to poll results released Wednesday. More than a third of...

    Tags: Public Finance, Fiscal Cliff, European Union, White House, Polls

    7. Jan 22, 2013 |Story| Los Angeles Times

  7. Stock markets in Europe and Canada edge higher

    Stock and bond markets in the U.S. were closed Monday for the Martin Luther King Jr. holiday, but trading took place in the rest of the world.
    Stock and bond markets in the U.S. were closed Monday for the Martin Luther King Jr. holiday, but trading took place in the rest of the world. European stocks rose while German bonds declined as European finance ministers met for the first time this...

    Tags: LVMH Moet Hennessy Louis Vuitton SA, Energy Resources, General Electric Company, Economy, Business and Finance, Finance

    8. Dec 18, 2012 |Story| Los Angeles Times

  8. Los Angeles office rents a bargain by international standards

    Renting an office in Los Angeles’ desirable Century City market is expensive by local standards but a pittance compared with other big cities in the world.
    Renting an office in Los Angeles’ desirable Century City market is expensive by local standards but a pittance compared with other big cities in the world. Los Angeles ranked only 32nd on a semiannual list of international office rents compiled by...

    Tags: Rentals, Fiscal Cliff, Hong Kong, Midtown

    9. Dec 13, 2012 |Story| Los Angeles Times

  9. European officials move to unify banks, aid Greece

    LONDON -- European officials Thursday took two more steps in their fight against the region's lingering debt crisis, agreeing on a deal to put big banks under the oversight of a single supervisor and releasing desperately needed loans for Greece to pay its mounting bills.
    LONDON -- European officials Thursday took two more steps in their fight against the region's lingering debt crisis, agreeing on a deal to put big banks under the oversight of a single supervisor and releasing desperately needed loans for Greece to pay...

    Tags: Business Institutions, Economy, Business and Finance, Central Bank, European Union, Finance

    10. Nov 30, 2012 |Story| Los Angeles Times

  10. In France, juice and soda push wine drinking to record low

    That most Gallic of pursuits – drinking lots and lots of wine – doesn’t seem to have quite the appeal for the French that it used to.
    That most Gallic of pursuits – drinking lots and lots of wine – doesn’t seem to have quite the appeal for the French that it used to. The average French adult consumed 57 liters of wine – or about 15 gallons – in 2010,...

    Tags: Wines

    11. Dec 21, 2012 |Story| Los Angeles Times

  11. Restaurants in China, U.S., Europe reflect global economy

    Looking for evidence of China’s economic prowess, Europe’s malaise and consumer ennui in the U.S.? Use the international restaurant industry as a barometer, according to a report this week.
    Looking for evidence of China’s economic prowess, Europe’s malaise and consumer ennui in the U.S.? Use the international restaurant industry as a barometer, according to a report this week. China’s economy, coming off a period of...

    Tags: Fiscal Cliff, Consumers, Kentucky Fried Chicken, Lifestyle and Leisure, Economic Indicator

    12. Nov 29, 2012 |Story| Los Angeles Times

  12. GDP is revised higher, but large risks threaten outlook

    WASHINGTON -- The government revised sharply higher its figures on the nation's economic growth for the third quarter, saying that businesses exported and stockpiled more goods than previously thought. Corporate profits also strengthened in the quarter.
    WASHINGTON -- The government revised sharply higher its figures on the nation's economic growth for the third quarter, saying that businesses exported and stockpiled more goods than previously thought. Corporate profits also strengthened in the quarter....

    Tags: Fiscal Cliff, Quarterly or Semiannual Financial Statements, Business, Consumers, Economic Indicator

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European Debt Crisis Photos
Cypriot security guards stand outside the parliament bu...
(March 18, 2013)
Cyprus Bailout Deal Raises Fears For Eurozone
The sovereign debt crisis worsened as economic pain spr...
(July 19, 2012)
European debt crisis