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Italians Get Poorer as Wages Lag Behind Inflation

Wages in Italy are rising more slowly than prices, adding to the pressures on households that are already facing higher taxes and cuts in public services. Wages rose an average of 2.1 percent in the...

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How 10M Greeks Vote on Future of 500M Europeans

European newspapers reflect how the attention of the whole region is focused on the Greek general election. In other words, a population of just over 500 million in the European Union is watching with...

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Austerity Drives Portuguese Over the Border

There will be more cars crossing the border from Portugal to Spain to fill up their tanks from tomorrow as the government seeks to add cash to its coffers. Portuguese gas prices are set to go up by...

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Is French Debt Worth More Than Its Face Value?

France sold treasury bills at so-called negative yields yesterday, the first time that has happened since at least 1999, when Bloomberg started gathering this data. The sale of three-month and...

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Can the EU Get Tough on Its Own Spending?

European Union funds destined for the island of Sicily have been blocked until further notice, Corriere della Sera reported. The suspension of the funds, that are usually destined for economic,...

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Germany Adds More Foreign Workers Seeking Share in Prosperity

The European Union has long suggested that the region’s economy would benefit if workers were more willing to move from their home town or their country to find work. Now the debt crisis is putting...

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Merkel’s Back, But Will This Be a Euro-Crisis Watershed?

The holiday is over. Angela Merkel yesterday returned to the fray at the end of a two-day trip to Canada, saying Germany and the European Central Bank are aligned in their approach to the euro crisis....

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Most Euro Members Close Window on Old Money

Nine out of 17 euro members’ central banks planned to continue exchanging their pre-euro currency for euros indefinitely — anyone who walked in with a pocketful of notes could change them for euros at...

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A Trillion Tax Euros Fall Between the Cracks

What was Europe’s debt problem is starting to look like Europe’s taxation problem. Words emerging from a one-day European Union summit in Brussels show EU leaders aren’t focused just on spending and...

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Lip Service From the ECB

The European Central Bank has gotten itself so gnarled and twisty-tied over the communication of its new “forward guidance” policy that it evidently felt inspired to give lessons in the art of...

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