Marco Annunziata News
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The currency war probably isn’t worth winning.
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The euro may reverse its recent advances against the dollar given the “slim” likelihood of a “very positive surprise” from European bank stress tests next week, UniCredit SpA said in a note today.
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UniCredit SpA Chief Economist Marco Annunziata said he will leave Italy’s biggest bank by the end of 2010 and move to the U.S. for a new job.
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Greece may have only a 46-hour window of opportunity should it need to plot a route out of the euro.
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Worldwide quantitative easing may be making investors richer rather than encouraging business investment, according to Citigroup Inc.
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Ireland rejected speculation that it was seeking a rescue before a Nov. 16 meeting of European finance ministers as Germany pushed for aid to calm volatility that sent borrowing costs of debt-laden countries to records.
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Jean-Claude Trichet was the man to call in Europe.
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German Chancellor Angela Merkel’s Cabinet approved a four-year package of budget cuts, stepping up pressure on fellow European governments to reduce debt that risks tearing apart the euro area.
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Ireland was prodded by European Central Bank council member Miguel Angel Fernandez Ordonez to make a “final decision” on its fiscal crisis to calm markets as finance ministers prepare to discuss an aid plan.
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Germany’s record-breaking performance in the second quarter is making life harder for European Central Bank President Jean-Claude Trichet .
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