Posts Tagged ‘ Europe ’

The City as Savior of E.U. Finance

It is perhaps too much to expect the Conservative-led government in Britain to lead any initiatives on Europe, given the orgy of self-destruction in the party over whether Britain should stay in the European Union. But insofar as David Cameron manages to get some respite from the madness, he should introduce a strategy to enhance…

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Another Dark Corner of the Holocaust

“Portraits of Our Past: The Sephardic Communities of Greece and the Holocaust,” on view through Aug. 15, is an exhibition about a little-known sector of the Holocaust that Beth Lilach, senior director of education and community affairs, said she had long wanted to bring to the center. “When most people think of the Holocaust, they…

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Europe’s Economics Chief Tries to Peel Off ‘Mr. Austerity’ Label

With more than 26 million Europeans out of work and the economies of the 27-nation bloc shrinking over all for six quarters in a row, Mr. Rehn, the commissioner for economic and monetary affairs, has become a lightning rod in recent months for swelling anger across Europe against the harsh belt-tightening policies generally known as…

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The Salacious and the Sober Collide, Illustrating Hurdles for Italy’s Government

The same day, Italy’s new prime minister, Enrico Letta, announced that his three-week-old government would suspend a much-reviled property tax on first homes in an effort to bring some oxygen to the country’s economy, which is in its longest recession since the 1970s. The juxtaposition between the testimony of the Moroccan, Karima el-Mahroug, nicknamed Ruby…

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Insufficient Efforts: Report Faults Cyprus on Money Laundering

The controls and protective measures implemented so far by Cyprus to combat money laundering have “systemic deficiencies.” That’s the finding of an expert report authored by financial advisory firm Deloitte, together with Moneyval, the Council of Europe‘s money-laundering watchdog, which paints a far more dismal picture of the country’s financial sector than had previously…

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Clermont Seeks Perfect Heineken Cup Campaign

As a Canadian who still follows North American sport closely, Jamie Cudmore probably has a better grasp of the concept of a perfect season than any other likely participant in the Heineken European Cup final Saturday. But the lock forward also knows that sealing the competition’s best single-season record will be a secondary objective when…

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European Auto Sales Rebound, but With an Asterisk

New passenger car registrations in the 27-nation European Union rose 1.7 percent in April from a year earlier, the first increase since September 2011, the European Automobile Manufacturers’ Association reported from Brussels. But the association pegged that improvement mainly to the fact that European countries had two more car-shopping days, on average, this April than…

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Hollande Vows Reform as Critics Grow Louder

Mr. Hollande warned that the protracted downturn facing France and other euro zone countries “threatens the very identity of Europe.” “If Europe does not advance, it will fall, or even be erased from the world map,” Mr. Hollande said. “It is my duty to help bring Europe out of this state of lethargy and fear.”…

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As Critics Grow Louder, Hollande Vows Reform

Mr. Hollande warned that the protracted downturn facing France and other euro zone countries “threatens the very identity of Europe.” “If Europe does not advance, it will fall, or even be erased from the world map,” Mr. Hollande said. “It is my duty to help bring Europe out of this state of lethargy and fear.”…

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As Japan Courts Growth, Europe Keeps Up Its Love Affair With Austerity

Even as Europe fell deeper into what just became its longest recession since World War II, Japan posted an unexpectedly robust growth rate of 3.5 percent under the bold new stimulus measures championed by Prime Minister Shinzo Abe — precisely the medicine many have urged European leaders to take. “The elites in Europe don’t learn,”…

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