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Romney Camp Downplays Debate Expectations

In a memo sent to surrogates today, Romney senior adviser Beth Myers sets the expectations for Republican presidential nominee Mitt Romney low – very low – compared to the “ample rhetorical gifts” of his opponent. The memo says President Obama has a “significant advantage” heading into the first debate. “President Obama is a uniquely gifted speaker, and is widely regarded as...

Spain unveils new austerity plan of 65 billion euros

Madrid, Spain – Spain has today unveiled a new austerity plan of 65 billion euros including the three-point increase in sales tax (VAT) and budget cuts, following the green light partners of the Euro with a new loan for Spanish banks. The Prime Minister Mariano Rajoy said in Parliament that the country’s future was at stake, while Spain faces recession, deficits and inflated a concern among investors...

US banks give regulators plans for how they’d…

Washington – On Tuesday the nine largest banks in the United States said the U.S. government how they could be dismantled and sold in a bankruptcy. The Federal Deposit Insurance U.S. has announced details of “living wills” filed by Bank of America, Barclays, Citigroup, Credit Suisse, Deutsche Bank, Goldman Sachs, JPMorgan Chase, Morgan Stanley and UBS. These documents were required under rules...

Independence Day, the history of the festival

The Independence Day is the American holiday celebrated on the occasion of the adoption of the Declaration of Independence. July 4, 1776, representatives of thirteen colonies signed in establishing the Philadelphia City Council document proclaiming the United States independent of the British Empire. It became obvious that the break with the metropolis was inevitable after the start in April 1775, the armed struggle...

Syria: U.S. threatens to use force

The United States will invite the Security Council of the UN to adopt a resolution providing for the use of force against Syria if the regime of Bashar al-Assad will not show willingness to resolve the conflict by peaceful means, said Treasury Secretary Timothy Geithner. “If Syria does not make substantial progress (in the implementation of the Annan Plan), the United States and other countries will soon...

The UN confirmed the withdrawal of Sudanese troops in Abyei

The UN confirmed the withdrawal of Sudanese troops in the disputed region of Abyei,on the border with southern Sudan, said the spokesman Kieran Dwyer UN. “The mission of peacekeeping to the UN in Abyei confirmed that the withdrawal of Sudan Armed Forces of the Abyei area was completed late in the evening (Tuesday),” said M.Dwyer. The oil region of Abyei was occupied by the...

Europe’s debt crisis could last two years

Paris – The German Minister of Finance estimated yesterday that the debt crisis could still take up to two years in Europe. “I think within 12 to 24 months, we will experience a calming of financial markets,” said Wolfgang Schäuble on Europe-1, according to simultaneous translation performed by the radio. Asked on Europe-1 in Aix-la-Chapelle, on the eve of the beginning of the G8 summit in the...

Greece’s Exit from Euro Would Be “Huge Mistake” (Spanish Prime Minister)

The Spanish Prime Minister Mario Rajoy believes that Greece’s exit from euro area would be a “big mistake” and invites the EU to defend all the European currency. “The departure of Greece in the euro area would be a great mistake, because the euro is a basic project uniting Europe”, told Mr Rajoy reporters after an intervention the Congress of Deputies (lower house of parliament...

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