Word: financees
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The result: economists across Europe are writing off 2009 as a year to forget, and some expect the weakness will continue into 2010 and beyond. Consumption will likely be sluggish and business investment soft. In European countries where the real estate market had overheated, including the U.K., Ireland and Spain...
The problem of ballooning debt and deficits is the same elsewhere in Europe, especially in France, where the budget deficit was already perilously high before the financial meltdown. The consequences are that the E.U.'s rules stipulating that budget deficits shouldn't exceed 3% of GDP and that debt shouldn...
Business leaders from around the world lamented economic inequality and the challenge it poses to market capitalism on the second and final day of the Harvard Business School Global Business Summit.Former University President Lawrence H. Summers, in his keynote address, focused on the decline in the United States�...
Since Medvedev and his calculating predecessor-turned-Prime Minister Vladimir Putin intervened in Georgia in August, relations between Moscow and the United States and European Union have been frosty. Though many hawks argue the Western powers were not forceful enough, Russia has paid for its bellicosity with capital flight. According...
• Chaired the finance committee between 1999-2004 but was removed by Mbeki, reportedly over of her public stance on HIV/AIDS