As Snow kicks of EU tour, US seeks to blunt deficit criticism
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US Treasury Secretary John Snow began a European tour aiming to highlight the need for stronger economic growth in Europe and elsewhere as Washington tries to blunt criticism over massive US deficits that have pushed the dollar to new lows.
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BRUSSELS  - European Union finance ministers pressed for action by the United States to prop up the dollar as eurozone nations expressed their deep disquiet at the parlous state of America&#39;s national finances.
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LONDON  - US Treasury Secretary John Snow cited a &quot;shared responsibility&quot; to fight global economic imbalances while acknowledging that big US deficits need to be tackled.
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The European Union on Thursday warned four countries - Germany, Italy, Portugal and Greece - that they risked violating budget rules next year if they do not further cut deficits.
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US Treasury Secretary John Snow acknowledged that big US deficits are playing a role in global economic imbalances, but cited a &quot;shared responsibility&quot; to fix the problems.
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The United States and Europe temporarily headed off a multibillion-dollar trade dispute today by deferring World Trade Organization complaints.
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The European Union on Thursday warned four countries &#151; Germany, Italy, Portugal and Greece &#151; that they risked violating budget rules next year if they do not further cut deficits.
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LONDON : Far from reversing the dollar&#39;s slide, comments from US Treasury Secretary John Snow have been taken by markets as a sign that Washington welcomes a weaker currency, to the alarm of eurozone officials as the euro hit new highs.
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US criticised by Germany and China, but minister says emissions wrangle 'should not overshadow progress'
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US Secretary of State Colin Powell called on Europe Wednesday to reconcile with Washington following their bitter division over the US-led war in Iraq.
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FRANKFURT Lack of fiscal discipline among some of the largest countries that use the euro is weakening the political will of new European Union member countries striving to join the euro club to keep their deficits in check, the European Central Bank said
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Far from reversing the dollar's slide, comments from US Treasury Secretary John Snow have been taken by markets as a sign that Washington welcomes a weaker currency, to the alarm of eurozone officials as the euro hit new highs.
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U.S. Treasury Secretary John Snow said  on Sunday he assured members of the Group of 20 nations that  Washington will slash deficits they blame for a falling dollar  and repeated his call for stronger European growth.
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The European Union and its  allies got  the go-ahead on Tuesday to impose some $150 million in  sanctions on U.S. goods in a dispute that could stir trade  tensions ahead of the U.S. elections.
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With just a few weeks left in office, Secretary of State Colin Powell is planning visits to three European countries this week in hopes of healing divisions stemming from the Iraq war and stressing a renewed ...
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BRUSSELS  - Europe stepped up verbal attacks on the United States over its yawning deficits but failed to arrest the euro&#39;s record-breaking, and economically damaging, rally against the dollar.
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European Union finance ministers expecting a smooth return from summer break were likely to be disappointed Friday as they gathered for a two-day session covering hot-button issues of taxes, budgets and deficit rules.