John Fraher News
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Following is a table of foreign financial institutions’ total exposures to Ireland by bank nationality at the end of the first quarter. The figures are from the Bank for International Settlements’ quarterly report .
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U.S. Treasury Secretary Timothy F. Geithner said he’s becoming more confident that the most “acute” part of the financial crisis is over. He spoke at the World Economic Forum’s annual meeting in Davos, Switzerland.
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Greek Prime Minister George Papandreou said that a likely Dec. 4 referendum focusing on the country’s membership of the euro comes “quite a few days” before a sixth aid tranche is needed to pay pensions and salaries. He spoke to reporters in Cannes, France.
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European Central Bank policy makers skirted a debate on how to boost lending to small and medium- sized companies at their meeting yesterday because officials haven’t yet drawn up a proposal, said three people with knowledge of the deliberations.
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The head of Europe’s permanent rescue fund said the countries bailed out by the region’s governments should be in a position to finance themselves by the end of 2014.
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The head of Europe’s permanent rescue fund said the countries bailed out by the region’s governments should be in a position to finance themselves by the end of 2014.
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European policy makers are in Cyprus discussing further capital controls and the extension of a bank holiday through to the end of the week, said a European official familiar with the talks.
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European finance officials are in Luxembourg today for an unscheduled meeting, said two European officials familiar with the situation.
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Pope Benedict XVI’s life began in a picturesque Bavarian hamlet near Adolf Hitler’s birthplace. He will see out his days at a small Vatican monastery called “The Mother of the Church.”
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The devil lies in the detail of Cyprus’s salvation.
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