Europe News
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France retreated in a clash with Germany over how to expand the power of Europe’s bailout fund in the first meeting of a six-day marathon intended to stave off a Greek default and shield banks from the fallout.
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European finance ministers grappled with an assessment that Greece’s economy is deteriorating as they began a six-day battle to stave off a default and shield banks from the fallout.
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Italian Prime Minister Silvio Berlusconi’s surprise nomination of Ignazio Visco to run the Bank of Italy sets up a possible clash with French President Nicolas Sarkozy over the composition of the European Central Bank’s Executive Board.
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Berkeley Group Holdings Plc, the U.K.’s largest homebuilder by market value, plans to announce four projects in central London next year as the company promotes homes to foreign buyers.