Word: agreements
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...There is no clear solution to the impasse, and the first U.S. Government response, from the Internal Revenue Service, suggests that Washington is not even interested in discussing the issue. "The United States has an agreement with the Swiss government to produce information on U.S. account holders at UBS," said a terse IRS statement. "We expect the Swiss government to continue to honor the terms of the agreement...
Although the pledge to help Greece was sincere, it was light on specifics. After the new E.U. president, Herman Van Rompuy, announced that the leaders of Germany, France and Greece - along with himself and Jean-Claude Trichet, head of the European Central Bank - had reached an agreement, the leaders then passed the issue over to their subordinates to hammer out the details. There was no call for an emergency bailout or help from the International Monetary Fund. Instead, the 27 E.U. members promised to underwrite the Greek economy through loans, guarantees and other measures, so long as Athens maintained...
...strong message of support will have the intended effect. The euro rallied early in the day but then fell 0.9%, to below $1.36, as traders criticized the lack of details in the rescue package. E.U. officials insist that although the specifics still need to be worked out, the agreement should end the speculation against the euro...
...Haitian judicial system seems to be in agreement. On Thursday, the Haitian judge investigating the case said the Americans should be released from jail but must remain in the country pending a final verdict. The 10 Baptist missionaries from Idaho were arrested on Jan. 29 after trying to take 33 Haitian children across the border to the Dominican Republic without legal documentation. The American women have denied that their actions had anything to do with child trafficking. (Read "Haiti's Children: Save Them, Don't Just Take Them...
...bailout is agreed upon, it would be the first time in the 11-year history of the eurozone this has happened - and there's no rulebook for how it should be done. There's been little agreement so far on the details of a possible rescue plan or even who should take the lead. Some investors think any bailout should be the responsibility of the International Monetary Fund, not other E.U. countries. "A large-scale bailout would make taxpayers across Europe liable, either directly or indirectly, for the mistakes of a government over which they have no democratic control. Such...