Posts Tagged ‘Greece’


The EU has in principle agreed a €7bn emergency loan to Greece, using a mothballed pan-European fund with special arrangements to shield Britain and other non-euro countries against any losses.

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The uncertainty which affected the financial world during the last four years has led to gold becoming a refuge of the last resort. However, the finnancial innovations, practiced on a large scale by the major global financial institutions and by the central banks is raising some question marks over the asuredness of the security which is based on the precious metal, and is bringing back into spotlight the metal itself.

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After six months of disagreement and seven days of intense negotiations, the Minnesota state government shut down at midnight on 1 july! Gov. Mark Dayton (Democrats) and the Republican-controlled legislature have been in a standoff since the beginning of the legislative session over how to close a projected $5 billion budget deficit.

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