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Slovenian Finance Minister Janez Sustersic in Ljubljana on Oct. 2, 2012

Photograph by Jure Makovec/AFP/Getty Images

Slovenian Finance Minister Janez Sustersic in Ljubljana on Oct. 2, 2012

Slovenia’s Sustersic Speaks to Bloomberg (Videos)

Slovenia hosted the European Central Bank’s monthly meeting last week, bringing the focus of Europe’s media onto its own financial problems. The country’s benchmark nine-year bond yields around 6 percent–down from about 7 percent during August, the level at which...

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Photograph by Donald Iain Smith/Getty Images

Photograph by Donald Iain Smith/Getty Images

Euro Debt Crisis May Force Military Rethink

The armies of Europe may soon be on the run as the debt crisis forces politicians to rethink military spending. The cuts being driven through by cash-strapped governments, although they have been announced piecemeal, may force a redesign of the...

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Photograph by Grant Hamilton/Getty Images

Photograph by Grant Hamilton/Getty Images

ECB May Try to Turn Banks Back to Lending to the Real Economy

UPDATE The European Central Bank cut its benchamrk rate to a record low of 0.75 percent and cut the deposit rate to zero. —- The European Central Bank is expected to cut its benchmark interest rate below 1 percent today...

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Photograph by Sipa via AP Photo

Photograph by Sipa via AP Photo

Greece: Europe’s New Special Economic Zone

Germany’s Angela Merkel is hunting for alternatives to her austerity mantra. She needs a new message after her line was eclipsed by French President Francois Hollande’s election on a push-for-growth agenda. Among the proposals lined up by Merkel’s advisers, Der...

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Photograph by Oliver Bunic/Bloomberg

Photograph by Oliver Bunic/Bloomberg

When a Greek Bank Run Becomes a Balkan Bank Run

One European bank that is getting ready for a wave of clients withdrawing money, spooked by uncertainty over Greece’s future in the euro ahead of the country’s elections on June 17, is Austria’s Raiffeisen Bank International AG. The bank has...

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