European Union News, European Union Pictures

Italy Sells Treasures To Ease Debt, Including Caprera Island Chain

by National Confidential | 06 July 2010 | 2:45 am EST

Topics Caprera, Economy, EU, Euro, Europe, European Union, Island, Italy, Luxury

“About 9,000 items worth an estimated £3 billion will be up for grabs, including the Caprera island chain. Part of the La Maddelana archipelago located off the north-east coast of Sardinia, they are inhabited mainly by goats, cover 45 miles of coastline and draw scuba divers from around the world. It is on sale for [...]

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George Soros: Germany Could Collapse The Euro

by National Confidential | 23 June 2010 | 6:34 am EST

Topics Currency, Euro, Europe, European Union, George Soros, Germany

“German’s budget savings policy risks destroying the European project and a collapse of the euro cannot be ruled out, billionaire investor George Soros said in a newspaper interview released on Wednesday. ‘German policy is a danger for Europe, it could destroy the European project,’ said Soros, who earned $1 billion in 1992 by betting against [...]

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Flemish Separatists Win Belgium Election

by National Confidential | 13 June 2010 | 7:21 pm EST

Topics Belgium, European Union

“A party that wants to split Belgium won the most votes in a parliamentary election on Sunday, an outcome that could make it hard to form a coalition quickly and deliver austerity to contain a rising national debt. Belgium can ill afford drawn-out coalition talks because policy paralysis could make the country more vulnerable on [...]

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French, German Banks Have Heavy Exposure To Euro Debt Crisis

by National Confidential | 13 June 2010 | 7:05 pm EST

Topics Banking, Economy, Euro, Europe, European Union, France, Germany

“French banks had lent $493 billion to Spain, Greece, Portugal and Ireland by the end of 2009 while German banks had lent $465 billion, according to the report by the Bank for International Settlements, an institution based in Basel, Switzerland, that acts as a clearing house for the world’s central banks.” [Link]

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