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World leaders on Monday urged Europe to resolve the current euro zone crisis that is threatening the world's economy. G20 members want the EU to act faster, after pro-bailout New Democracy's victory in Sunday's Greek election failed to calm the financial markets. President of the European Commission Jose Manuel Barroso welcomed the election result and pushed Greek leaders to form a government quickly. Facing critics who blame the EU for slowing down the global economy, Barroso also said that Europe does not need lessons in democracy nor how to run its economy. G20 leaders are expected to release a joint statement calling for a coordinated plan to boost growth and create jobs. Major developing economies are also set to agree to more contributions to the International Monetary fund.

Harsha on the EURO 2012 -- Step Out with Samsonite

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JR Crooks believes more quantitative easing by the Federal Reserve or some positive economic data could give a short-term boost to the markets, including the euro currency. But the fundamentals in Europe are too weak to support a longer-term rally.

NEL SILENZIO GENERALE DEI MASS MEDIA, L'ITALIA ADERIRA' PRESTO AL "MES" SBORSANDO OLTRE 125 MILIARDI DI EURO: IL VERO MOTIVO PER LA QUALE MONTI CI STA MASSACRANDO DI TASSE... http://www.nocensura.com/2011/12/esclusivo-ecco-il-vero-obiettivo-di.html

The European debt crisis has been following a predictable cycle – Crisis, Response, Disappointment, Crisis. Mike Larson says this cycle will only end when Greece and other nations repudiate their debt and exit the euro, and banks are allowed to fail.

Greece is holding elections next Sunday in what could be a decisive day for the fate of the euro zone. After Greek political parties failed to form a government on the 6th of May, Greeks go to the polls again to decide wether they want to keep the euro. Recent polls have shown a tight race between anti-bailout extreme-left coalition Syriza and center-right New Democracy. Earlier this week, Syriza's leader insisted that he doesn't hope for a Greek euro exit, but he wants to renegotiate the severe bailout conditions imposed by the Troika. But president of the European Commission Jose Manuel Barroso said on Wednesday that Greece should respect its commitments if they want to stay in the euro area. Greece must implement additional public spending cuts by the end of June if they want to continue receiving bailout funds. Fearing a messy return to the drachma, Greeks have been withdrawing as much as €800 million per day from their bank accounts, according to Reuters. The uncertain situation in Greece could ...

euro spl. 13.06

Speaking before the European Parliament in Strasbourg, European Commission chief Jose Manuel Barroso on Wednesday urged European member states to take decisive action to tackle the euro crisis. "In some of our countries , we have worrying developments in terms of the rise of poverty and social exclusion.", said Barroso. "I will urge the European Council to take concrete commitments towards a fully developed Economic and Monetary Union", he added.   

Limiting cash withdrawals, imposing capital controls or introducing border checks. These are the 3 main measures that the EU could implement if Greece decides to leave the euro. According to the news agency Reuters, EU finance officials have been discussing a so-called "contingency plan" ahead of the Greek elections next Sunday.

EURO2012、6/11

EurActiv article: http://www.euractiv.com/euro-finance/spain-joins-group-debt-news-513223 It is not a bailout, but a nearly condition-free loan. This is the message sent by the Spanish government after euro zone finance ministers agreed on Saturday to lend Madrid up to 100 billion euros for recapitalising its banks. Following weeks of denying the need for financial assistance, Spanish PM Mariano Rajoy gave in to international pressure. He requested a rescue package that he portrayed as a triumph, but which caused outrage among Spanish citizens. The Spanish authorities insisted that European aid does not come with additional austerity measures for citizens. Only the banking system will have to accept certain conditions in exchange for the money. But experts believe that a bailout will make it more difficult for Rajoy's government to meet its deficit targets, potentially leading to more cuts. Europe is nervous awaiting the outcome of the Greek elections on the 17th of June, which may see the ...

EURO2012.06.07.mp4

Euro 2012 match: Russia 4 - Czech Republic 1 Track: Arty Matisse & Sadko - Trio (Original Mix)

Euro 2012 match: Poland 1 - Greece 1 Track: Dyro & Rene Kuppens - Raid (Original Mix)

So after a particularly crazy night, on the way back home with Kwaku at 3 am on the Noctilien (night bus) in Paris, we came across this guy marching through the Noctlinien calling himself 'le champion du monde' and fining the world quarante euros (40 bucks) for talking blah blah. We were so inspired by him that we tried to make a rap song in homage to him when we got back... too bad our background music either kept freezing or kept playing ads throughout hahahaha. I still think it is legit and can't stop laughing whenever I see this. Recording contract, quoi.