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The Euro Crisis

The economic crisis in Europe has shown problems with the single European currency. The poor countries have staggeringly high unemployment under austerity and little hope for respite. The wealthiest countries, particularly Germany, have backed austerity, but the European Central Bank is already steering away from the tough line that the Merkel Administration had pursued. Jaime de Pinies will discuss these changes at the World Affairs Council of Las Vegas tonight.

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Jaime de Pinies, Financial Consultant, Pinies & Aguilar

Tuesday, October 1, 2013

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Jeroen Dijsselbloem, the head of the Eurogroup (right) sits next to Roberto Gualtieri, the chairman of the Committee on Economic and Monetary Affairs, during a meeting Tuesday at the European Parliament in Brussels. The European Union's executive branch said the list of Greek reform measures for final approval of the extended rescue loans is sufficiently comprehensive to be a valid starting point.
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Greek supporters of the "no" vote celebrate at Syntagma Square in Athens on Sunday night after the results were announced. Greeks overwhelmingly rejected the demands of creditors for more austerity in return for rescue loans. But the country has no clear way out of its financial crisis.
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