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Please consider Berlin and Paris Compromise on Bank Oversight . European leaders have reached agreement on the roadmap to a banking oversight regime in the euro zone. Following a public back-and-forth between German Chancellor Angela Merkel and French President François Hollande, the 27 European Union heads of state and government on Thursday night found a compromise at their two-day summit in Brussels.
Continue reading here: Philly Fed Rises But Details Very Weak; Future Expectations Plunge
Brookings Institute On Looming Fiscal Cliff: Little Room for Optimism Posted by Michael Shedlock at 11:46 AM Disclaimer: The content on this site is provided as general information only and should not be taken as investment advice.
Please consider the New York Times article In China, a Power Struggle of a Different Order .
More: President of France Wants to Ban Homework Because It’s "Not Fair" to Disadvantaged
For comparison purposes, Canadian household debt-to-income is now at 163 per cent , according to Statistics Canada. Canadians’ debt-to-income ratio has soared to 163 per cent, much higher than previously believed, according to revised Statistics Canada figures
Spiegel Online reports Corruption Continues Virtually Unchecked in Greece While Athens waits for more aid from the European Union, the country continues to be administered in the same old careless manner.