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Marine Le Pen ahead of Sarkozy in presidential poll

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Marine Le Pen the daughter of Jean-Marie Le Pen recently became leader of the National Front succeeding her father. She is turning out to be a slick operator. With the French presidential elections less than a year away she is polling ahead of President Sarkozy. She doesn’t deny that there used to anti-Semitism in the party. Now she says she has only one thing to say to anyone with those views “... 

China moves to save the Euro from collapse

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Chinese premier Wen Jiabao realised that his economy needs struggling Europe to keep buying its goods. It is in the interest of cash-rich China to help resolve the eurozone debt crisis, but Chinese premier Wen Jiabao, who is visiting Britain and Continental Europe, will want a share of the West’s buying power in return. As Wen Jiabao, the Chinese premier, stepped off his plane in Birmingham on Saturday,... 

Estonia to adopt euro at New Year

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Estonia will become the third ex-Communist country to embrace the euro Estonia is just hours away from becoming the 17th member of the eurozone – the first ex-Soviet state to adopt the EU’s single currency. The changeover from the kroon to the euro starts at midnight (2200 GMT) in the small Baltic nation of 1.3m people. Despite market pressure on the eurozone and the bail-outs of Greece... 

EU Banking System Warned on the Brink of Collapse

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The EU banking system is in big trouble. Many of the Union’s largest banks are sitting on hundreds of billions of dodgy sovereign bonds and non performing real estate loans. But writing down their losses will deplete their capital and force them to restructure their debt. So the banks are concealing their losses through accounting sleight-of-hand and by borrowing money from the European... 

Euro 'will be dead in five years'

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The survey's findings underline suspicions that the new Chancellor, George Osborne, will have to firefight a full-blown crisis in Britain's biggest trading partner in his first years in office The single currency is in its death throes and may not survive in its current membership for a week, let alone the next five years, according to a selection of responses to the survey – the first major... 

Merkel Warns of Europe's Collapse

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German Chancellor Angela Merkel: "greatest test for Europe since the collapse of communism" In a dramatic appeal for Europeans to come together to address the common currency crisis, Chancellor Angela Merkel warned Thursday that if the euro collapses, so will the idea of European unity. She also described the current euro crisis as Europe’s greatest test since the collapse of communism. During... 

Soros Says Germany Needs to Pay Up If EU to Survive

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George Soros George Soros, the billionaire financier, says he thinks the euro and the European Union itself are at risk of breaking up if Germany refuses to play its traditional role and make concessions, Reuters reported, citing an interview conducted with Italian newspaper. “The Germans have always made the concessions needed to advance the European Union, when people were looking for a deal. Not... 

Man who broke the Bank of England, George Soros, 'at centre of hedge funds plot to cash in on fall of the euro'

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The man about to break the euro? George Soros is said to be placing large bearish bets against the single currency A secretive group of Wall Street hedge fund bosses are said to be behind a plot to cash in on the decline of the euro. Representatives of George Soros’s investment business were among an all-star line up of Wall Street investors at an ‘ideas dinner’ at a private townhouse... 

Collapse of Euro is 'inevitable' warns French banking chief

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The bailout of Greece will only act as a 'sticking plaster' for the Euro crisis, the bank warned yesterday The European single currency is facing an ‘inevitable break-up’ a leading French bank claimed yesterday. Strategists at Paris-based Société Générale said that any bailout of the stricken Greek economy would only provide ‘sticking plasters’ to cover the deep-... 

America: a superpower no more

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Two American icons, General Electric and Berkshire Hathaway, lost their triple-A credit ratings. Then China, America’s largest creditor, called for a new global currency to replace the dollar just weeks after it demanded Washington guarantee the safety of Beijing’s nearly $1 trillion debt holdings. And that was just in March. These events are the latest warnings that our world is changing... 
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