Eastern Europe News
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Poland’s borrowing costs fell below Italy’s for the first time in two months after Prime Minister Donald Tusk won re-election on budget cuts and Prime Minister Silvio Berlusconi lost parliamentary support.
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Spain’s credit rating was cut for the third time in three years by Standard & Poor’s as slowing growth and rising defaults threaten banks and undermine efforts to contain Europe’s sovereign-debt crisis.
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Protests against widening income disparity are planned across the Asia-Pacific region tomorrow as demonstrators organizing via social media from Tokyo to Sydney join London in the Occupy Wall Street movement.
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Ukraine’s leader took a step in the right direction Thursday by announcing that he supports scrapping the Soviet-era law that led to a seven-year prison sentence for his chief political rival, former Prime Minister Yulia Tymoshenko.