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Photograph by Adam Berry/Bloomberg

Photograph by Adam Berry/Bloomberg

A Trillion Tax Euros Fall Between the Cracks

What was Europe’s debt problem is starting to look like Europe’s taxation problem. Words emerging from a one-day European Union summit in Brussels show EU leaders aren’t focused just on spending and deficits: they announced an investigation into “aggressive” use...

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Photograph by Thomas Trutschel/Photothek via Getty Images

Photograph by Thomas Trutschel/Photothek via Getty Images

Calls for Spanish Premier to Quit Echo Attacks That Made Aznar

Spain’s socialist opposition leader Alfredo Perez Rubalcaba is trying to make the most of graft allegations against Prime Minister Mariano Rajoy. His campaign to get Rajoy to quit brings back memories of when the Socialist Party was ejected from power...

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Photograph by Pierre-Philippe/AFP via Getty Images

Photograph by Pierre-Philippe/AFP via Getty Images

Adios Austerity, But Debt Will Still Limit Spain’s Growth Measures

Spain’s 32-month experiment with austerity-at-all-costs, as devised by Angela Merkel’s budget ultras, is drawing to a close. Prime Minister Mariano Rajoy oversaw 62 billion euros of tax hikes and spending cuts, 851,000 job losses and three different deficit targets, all...

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Josef Ackermann, CEO of Deutsche Bank AG, on Monday, Sept. 13, 2010

Photograph by Ralph Orlowski/Bloomberg

Josef Ackermann, CEO of Deutsche Bank AG, on Monday, Sept. 13, 2010

Today in Euro Crisis History: That Was Then

November 30, 2010 Deutsche Bank Chief Says Mistrust of Spain Unjustified Investors’ mistrust of Spain is unjustified and problems in the banking industry are “manageable,” Deutsche Bank AG Chief Executive Officer Josef Ackermann said, as Europe’s debt crisis intensified. Europe’s...

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Supporters of Spanish Popular Party candidate Mariano Rajoy celebrate on Nov. 20, 2011

Photograph by Pedro Armestre/AFP via Getty Images

Supporters of Spanish Popular Party candidate Mariano Rajoy celebrate on Nov. 20, 2011

Today in Euro Crisis History: Peaking Too Soon

November 20, 2011 Spain’s Rajoy Wins in Landslide as Crisis Punishes Socialists People’s Party leader Mariano Rajoy won the biggest parliamentary majority in a Spanish election in more than a quarter century, giving him a free hand to overhaul an...

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