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| | | ... firepower without increasing the guarantees each state puts into the fund -- a sensitive issue for richer nations such as Germany, which are tired of bailing out the eurozone's weaker members. Investors were also given a lift by data from China showing ... |
| | | | ... misunderstanding that there is a huge amount of pressure on them to deliver a solution." "Not quite," according to France and Germany. Last night, French President Nicolas Sarkozy and German Chancellor Angela Merkel issued a statement advising you, me ... |
| | | | ... A European Union summit slated Sunday will now be followed by a second summit by Wednesday, the leaders of France and Germany said. Some mildly positive economic indicators were offset by weakness in tech stocks. Sentiment was encouraged by a fall in ... |
| | | | ... saying, "no, that wasn't a handshake" - they were just giving each other a polite one finger salute. But even assuming that Germany and France have indeed agreed on boosting the EFSF's firepower, they still need to compromise with regards to its use. ... |
| | | | ... from $US1.3752 late in New York on Tuesday. Markets took their lead from a report in a British newspaper that France and Germany had agreed to more than quadruple the European Financial Stability Facility (EFSF) bailout fund. Citing unnamed European ... |
| | | | ... by at least 1.58 per cent overnight. US stocks rose due to reports in Britain's The Guardian newspaper that France and Germany are ready to sharply boost the eurozone's rescue fund in a bid to address the public debt crisis. But Mr Curtin said this report ... |
| | | | ... growth we have in the globe today grew "at the slowest pace in 2 years." Asian financial markets - still reeling from Germany's "boo" the night before - dropped because of this latest shock to the system (if you believe the reports) with the Shanghai ... |
| | | | ... per cent, industrials 1.8 per cent and energy 1.6 per cent. European stocks and US equity markets fell overnight after Germany warned against undue enthusiasm that an EU summit this weekend will produce a quick solution to the eurozone debt crisis. IG ... |
| | | | ... had rallied in the morning to above $US1.39 for the first time in a month, also fell back after sobering comments from Germany. At close of trade, Frankfurt's DAX 30 was down 1.81 per cent to 5,859.43 points, London's benchmark FTSE 100 index had lost ... |
| | | | ... the 2009 Pittsburgh summit. Current membership stands at 20 countries, and includes the United States, United Kingdom, Germany, France, Spain China, India and Brazil. |
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