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Reuters - European Commission President Jose Manuel Barroso expressed confidence that a second bailout package for Greece would be finalized next week, but said Athens needed to implement structural reforms to restore confidence in its economy. Read More.....
AP - The German Parliament is set to hold a special session on Feb. 27 to vote on the second bailout for Greece, a senior lawmaker said Friday. Read More.....
AP - FRANKFURT, Germany — The European Central Bank and the Bank of England are preparing to offer more emergency support to the financial sector in the hope of softening the impact of a looming recession and the government debt crisis. Read More.....
AP - Nokia Corp. said Wednesday it will end the assembly of cellphones in Europe by year-end as it shifts production to Asia in its latest attempt to cushion its finances from stiff competition in the smartphone sector. Read More.....
AP - Greek party leaders on Tuesday will meet to seek a long-delayed agreement on harsh cutbacks demanded to avoid looming bankruptcy, amid intense pressure from its bailout creditors to reach a deal, a general strike disrupting public services and thousands of protesters taking to the streets of Athens. Read More.....
AP - Steel maker ArcelorMittal was cautiously optimistic about its near-term prospects even after it reported a heavy fourth quarter loss generated by a deteriorating European economy and big tax and restructuring charges. Read More.....
AP - Parties backing Greece's coalition government will hold a second day of emergency talks Monday on a vital austerity deal with rescue creditors, after an intense weekend of negotiations failed to produce a breakthrough needed to avert bankruptcy in March. Read More.....
Reuters - Greece let yet another deadline slip on Monday for responding to painful terms for a new EU/IMF bailout as patience in Brussels wore thin over drawn-out negotiations among its feuding political leaders. Read More.....
Reuters - Euro zone finance ministers told Greece on Saturday it could not go ahead with an agreed deal to restructure privately-held debt until it guaranteed it would implement reforms needed to secure a second financing package from the euro zone and the IMF. Read More.....
AP - Greek finance minister: Debt talks held up by labor reforms. Read More.....
AP - U.S. Secretary of State Hillary Rodham Clinton is calling on Europe and the United States to do more together to defeat tyrannies, promote democracy and repair the damage from the global financial crisis. Read More.....
AP - Unions and employers' associations in Greece have rejected demands for private-sector wage cuts, despite pressure for the country to introduce strict austerity measures if it is to receive a crucial bailout package. Read More.....
Reuters - Greece expects its 2011 budget deficit will be smaller than expected at between 9.1 and 9.4 percent of GDP, thanks to an emergency property tax, a finance ministry official said on Friday, a development that could help Athens in its bailout talks with the EU and IMF. Read More.....
AP - Unions and employers are to resume talks in Greece as the country scrambles to push through more cost-cutting reforms and conclude massive debt deals with private and rescue creditors. Read More.....
Reuters - China is considering providing greater involvement in the rescue funds aimed at resolving the European debt crisis, Chinese Premier Wen Jiabao told journalists on Thursday. Read More.....
AP - British Sky Broadcasting PLC unveiled Tuesday a new venture in video on demand to compete with industry leaders Netflix and Lovefilm as it reported a solid 8 percent increase in first-half profits. Read More.....
AP - Unemployment in the 17-nation eurozone ended 2011 at 10.4 percent, a new record high for the single currency since its launch at the start of 1999, official figures showed Tuesday. Read More.....
