Official Warns Bulgaria Must Not Drop Currency Board
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A finance ministry official warned Thursday Bulgaria mustn't disband its currency board before it joins the single European currency, the euro.
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BEIJING -- The deputy governor of China's central bank said it could take "a couple of years" to loosen controls on the value of the nation's currency, despite exhortations by the Bush administration to move quickly so that Chinese exports lose some of their low-price advantage.
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Bulgaria's defense minister on Monday angrily rejected a Polish military official's suggestion that Bulgarian troops in Iraq should be moved to a more dangerous province.
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Latvia will not be ready to adopt the euro until 2012, and possibly even as late as 2013, because inflation in the Baltic country remains stubbornly high, Prime Minister Aigars Kalvitis said Friday.
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The European Union's chief on Monday called for a halt to further expansion of the bloc after Romania and Bulgaria join, saying the EU had to resolve the stalemate over its proposed constitution before it could accept new members.
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Treasury Secretary Henry Paulson on Friday tried to wave off U.S. lawmakers' bid to tighten the screws on China over its currency policy by warning that it could make it harder to settle turbulent markets.
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The Bank of France has warned that globalization could aggravate inflationary pressures that would justify greater vigilance on monetary policies.
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European Union economic commissioner Joaquin Almunia warned that the undervaluation of China's currency was an economic headache for Europe.
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The head of the Asian Development Bank on Tuesday urged Beijing to adopt a more flexible currency exchange system, saying removing the yuan's peg to the dollar will be good for both China and its neighbors.
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Jean-Claude Trichet, president of the European Central Bank, warned on Wednesday that any loosening of the European Union's rules on budgetary discipline would be "dangerous".
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Bulgaria&#39;s Socialist Prime Minister Sergey Stanishev vowed Friday to maintain financial stability in the country despite record-high inflation in July and an ever-widening current account gap.
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The dollar slumped to a record low against the euro in Europe on expectations the region&#39;s leaders will fail to persuade the US to stem the slide in its currency when policy makers meet this weekend in Berlin.
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THE little-noticed drop in the pound on the foreign exchanges is starting to worry Mervyn King. In a speech in the rarefied setting of the Eden Project in Cornwall, the Bank of England governor noted that
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The European Union&#39;s top monetary official said Tuesday he was concerned over Italian budget deficit figures, only a week after Greece was challenged over alleged sloppy bookkeeping and possible underreporting of its deficit to present a rosy economic
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The European Commission warned Poland on Tuesday it could lose money and support if it blocks a deal to reform European Union institutions at a summit this week, but Warsaw vowed to fight on.
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European Central Bank chief Jean-Claude Trichet warned southeast European countries they could not unilaterally adopt the euro to get around European Union membership criteria in the Maastricht treaty.
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The European Union's chief on Monday called for a halt to further expansion of the bloc after Romania and Bulgaria join, saying the EU had to resolve the stalemate over its proposed constitution before it could ...Comment