Fed up with euro, France flirts with coupon money (Jan 2014)

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Source: RT – Fed up with euro, France flirts with coupon money

Notable excerpts:

Whether buying bread, filling a pharmacy prescription, getting a haircut or going to the doctor, some residents of Montreuil, France, are rejecting the euro in favor of ‘La Peche’, a local community currency.

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European Union Stripped of AAA Credit Rating at S&P (Dec 2013)

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Source: Bloomberg – European Union Stripped of AAA Credit Rating at S&P

Notable excerpts:

The European Union lost its top credit rating from Standard & Poor’s, which cited the deteriorating creditworthiness of the bloc’s 28 member nations.

S&P cut its long-term rating on the EU to AA+, with a stable outlook, from AAA and maintained its short-term rating at A-1+. The downgrade came after S&P last month lowered its AAA rating on the Netherlands.

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Can China Lead Greece Out Of Darkness? (Sep 2013)

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Source: BBC News – Can China lead Greece out of darkness?

At Greece’s southern port of Piraeus, the Chinese have arrived.

Rail-mounted cranes use a complex system of ropes and pulleys to offload containers from cargo ships onto lorries.

The equipment was built by China’s state-run shipping company, Cosco, which paid 500m euros (£426m) to upgrade and run the terminal. It is Greece’s largest inward investment and gives China a key access point to Europe.

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Merkel denies debt write-down for Greece (Aug 2013)

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Source: RT – Pre-election talk: Merkel denies debt write-down for Greece

Notable excerpts:

German Chancellor Merkel has spoken out against a debt write-down for Greece, adding a third bailout is possible from 2014. In the lead up to September’s elections this is another German attempt to reassure voters Greece’s rescue won’t cost them more.

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