Andrew Davis News
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Finmeccanica SpA’s board plans to transfer some powers from Chairman and Chief Executive Officer Giuseppe Orsi to Chief Operating Officer Alessandro Pansa, newspaper la Repubblica reported, without saying where it got the information.
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Alexis Tsipras, the leader of Greece’s biggest anti-bailout party Syriza, turned down an appeal by political leaders to join a unity government that would avert a new election amid mounting concern of a euro exit.
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Greece’s political leaders are locked in a fifth day of talks to carve out a government, with Evangelos Venizelos, the socialist Pasok leader, pressing counterparts on a proposal for a unity government that would avert a new election amid mounting concern of a euro exit.
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Simone, a swaggering merchant, arrives home to find his wife, Bianca, in the arms of a smooth prince of the city.
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Italians should consider exiting the euro amid rising public debt and no signs of economic recovery, said Beppe Grillo, a comedian-turned-politician opposed to Prime Minister Mario Monti’s austerity measures.
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The euro area’s economic slump deepened in April on declining confidence among consumers and executives, the Eurocoin index showed.
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The debt of the euro region rose last year to the highest since the start of the single currency as governments increased borrowing to plug budget deficits and fund bailouts of fellow nations crippled by the fiscal crisis.
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Spanish Economy Minister Luis de Guindos said that a spread between Spanish and German 10-year bond yields of more than 400 basis points for a prolonged period would complicate the country’s ability to fund its debt.
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Trading volume on Italy’s secondary bond market “partially recovered” in February, though the situation is “still delicate,” said Maria Cannata, head of the country’s debt agency.
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Italy plans to sell at least 28 billion euros of bonds in the second quarter, the Treasury said.
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