EU Presidency Warns Nations on Deficits
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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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European leaders say Asian states must do more to absorb the fall of the dollar, warning that the euro has risen far enough.
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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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The United Nations urged all major industrial countries to help the U.S. reduce its deficits by spurring their own economies to grow faster.
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European finance ministers clashed over German Chancellor Gerhard Schroeder s plea for looser budget rules, with Austria and the Netherlands warning that wider deficits would push up inflation and interest ...
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The European Union&#39;s head office on Tuesday echoed comments by the European Central Bank chief, warning that &quot;excessive volatility&quot; of the euro&#39;s exchange rate against the US dollar could damage economic growth in Europe.
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Gordon Brown warns the EU it must sort out its problems with economic growth ahead of talks with finance ministers.
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The European Union warned Friday a reintroduction of a state of emergency by Fiji&#39;s military regime could break undertakings on which hundreds of millions of dollars in EU aid depend.
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British finance minister Gordon Brown  said on Thursday he would urge the United States to tackle its  current account and budget deficits, and warned that the weak  dollar was hurting the British and other global economies.
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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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British Treasury chief Gordon Brown on Monday called on wealthy nations and international institutions to write off Africa's debt, saying debts incurred by past generations are keeping the continent poor.
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Treasury Secretary John Snow pledged to reduce the US budget deficit, blamed by Europeans for the euro&#39;s gains against the dollar and cited as a risk to global growth by ministers from 20 industrial and emerging economies.
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French President Nicolas Sarkozy urged  European Union nations on Monday to accept a greater share of  defense spending to cope with escalating global threats.
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Gordon Brown today warns that weak growth in Europe is putting the global economy in jeopardy. In an article in the Financial Times, in which he cautions that the world recovery remains fragile, the chancellor
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British Chancellor of the Exchequer Gordon Brown warned Friday that a weak growth in the 25-member European Union bloc is endangering the global economy.
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French President Nicolas Sarkozy urged European Union nations on Monday to accept a greater share of defense spending to cope with escalating global threats.
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The European Central Bank and euro zone finance ministers issued their starkest warning to date that they are unhappy with the euro&#39;s surge to record