Jean-Claude Juncker News
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German Chancellor Angela Merkel will host Luxembourg’s Prime Minister Jean-Claude Juncker for talks in the northern German city of Stralsund, in her electoral district.
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Treasuries declined for a third day as the approval of a bailout package for Greece by European leaders reduced refuge demand at the U.S. government’s auction of $35 billion in two-year notes.
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Australia’s dollar fell after the nation’s Reserve Bank said in minutes of its policy meeting this month there is scope for easing should demand “weaken materially.”
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European stocks fell from a six- month high amid speculation a Greek bailout deal won’t be sufficient to solve the nation’s debt crisis.
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Most Swiss stocks retreated as investors weighed euro-area leaders’ agreement on a second aid package for Greece.
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Treasuries dropped for a third day after European finance ministers agreed on a second bailout package for Greece aimed at staving off default and keeping the 17-nation euro area intact.
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Greece reached an agreement with its private creditors to secure the biggest sovereign restructuring in history, paving the way for a second bailout of the debt- ridden nation and averting an economic collapse.
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Debt-stricken Greece won a second bailout after European governments wrung concessions from private investors and tapped into European Central Bank profits to shield the euro area from a precedent-setting default.
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Japanese stocks dropped, with the Nikkei 225 Stock Average retreating from a six-month high, on speculation the market had advanced too quickly even after European leaders agreed to a second Greek bailout.
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Euro-area finance ministers reached agreement on a second bailout package for Greece that is vital to staving off a default next month.
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