The Delaware Gazette

EU running out of time as Greece nears the exit

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ATHENS, Greece — Euro­pean lead­ers insist they want to keep Greece in the euro­zone, but are putting off any agree­ment on how they hope to accom­plish that. Greece says it, too, wants to stay in the euro­zone, but until after elec­tions it’s uncer­tain whether it can imple­ment the aus­ter­ity that Europe has set as a con­di­tion for doing so.

Europe faces difficult search for growth

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WASHINGTON — On paper at least, Euro­pean lead­ers agree: They need stronger growth mea­sures to help their economies expand out of their 2 ½-year-old gov­ern­ment debt cri­sis. Fig­ur­ing out exactly what those new steps might be will be the hard part.

Europe’s debt fix falters, rattling markets

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FRANKFURT, Ger­many — Europe’s plan to fix its debt cri­sis by impos­ing bud­get cuts frayed Mon­day. Heavy sell­ing rocked finan­cial mar­kets, uncer­tainty gripped two gov­ern­ments, and the eco­nomic out­look dark­ened across the continent.

Greece secures bailout to avoid debt default

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BRUSSELS — The coun­tries that use the euro pulled Greece back from an immi­nent and poten­tially cat­a­strophic default on Tues­day, when they finally stitched together a euro130 bil­lion ($170 bil­lion) res­cue they hope will also pro­vide a life­line to their com­mon currency.

All EU nations but UK open to joining new treaty

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BRUSSELS (AP) — The Euro­pean Union said Fri­day that 26 of its 27 mem­ber coun­tries are open to join­ing a new treaty tying their finances together to solve the euro cri­sis. Only Britain remains opposed, cre­at­ing a deep rift in the union.

European Union weighs greater unity to save euro

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BRUSSELS (AP) — Euro­pean lead­ers were wrestling Thurs­day over how much of their sov­er­eignty they are will­ing to give up in a des­per­ate attempt to save the ambi­tious project of con­ti­nen­tal unity that grew from the ashes of World War II.

Move by central banks exhilarates Wall Street

A move by the world’s cen­tral banks to lower the cost of bor­row­ing exhil­a­rated investors Wednes­day, send­ing the Dow Jones indus­trial aver­age soar­ing 490 points and eas­ing fears of a global credit cri­sis sim­i­lar to the one that fol­lowed the 2008 col­lapse of Lehman Brothers.

Afghan officials: Fire from Pakistan led to attack

ISLAMABAD — Afghanistan offi­cials claimed Sun­day that Afghan and NATO forces were retal­i­at­ing for gun­fire from two Pak­istani army bases when they called in airstrikes that killed 24 Pak­istani sol­diers, adding a layer of com­plex­ity to an episode that has fur­ther strained Pakistan’s ties with the United States.

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