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281. Dark Clouds for Italian Economy as Gross Debt Increases
Italian national debt rose in June, according to figures from the Bank of Italy reported by the Ansa news agency Monday, as other economic indicators also hinted at a growing sense of gloom for the eurozone's third-largest economy.
282. Europe Offers Fear and Bargains for Investors
There's no shortage of fear and uncertainty in Europe. Concerns about the ability of some countries to get a handle on their debt have caused large European stocks to underperform by more than 30 percentage points over the last three years, said Alan Purintun, a principal at Oarsman Capital Inc., Milwaukee.
283. European Economy Dampens Outlook
Europe's financial flu is giving the rest of the world a cold, and U.S. companies, including those in Virginia, are feeling it.
284. Spain's 24.6 Percent Unemployment a Record
The unemployment rate in financially distressed Spain rose to 24.6 percent in the second quarter, bringing the number of jobless to 5.7 million, officials said. The unemployment rate for people below the age of 25 was 53 percent.
285. Commerzbank Warns on Profit Outlook
Germany's second-biggest bank Commerzbank issued Thursday a bleak profit outlook as the eurozone debt crisis resulted in second-quarter earnings falling short of forecasts.
286. Eurozone GDP to Fall: ECB Survey
The eurozone economy will contract by 0.3 percent in 2012 before recovering more slowly than expected next year to expand by 0.6 percent, a poll revealed on Thursday.
287. What's The Next Turn for Stocks?
Even in normal times, Wall Street stock market forecasts lack precision. These are anything but normal times, what with the eurozone at risk of breaking apart, the U.S. teetering on the edge of the "fiscal cliff" and Democrats and Republicans locked in an election-year feud about how to revive the U.S. economy.
288. Italy's GDP Falls 0.7 Percent in 2nd Quarter
Italy's economy, the third-largest in the eurozone, contracted by 0.7 percent from April to June, compared with the first quarter, official data showed Tuesday.
289. Monti's Call for Euro Action Touches Raw Nerve in Germany
An appeal by Italian Prime Minister Mario Monti for governments to be bolder in tackling the euro crisis touched a raw nerve Monday in Germany - where politicians perceived it as an attack on the authority of their parliament.
290. European Markets Bounce Back After ECB Disappointments
European markets rallied Friday amid renewed investor confidence in the European Central Bank's (ECB) determination to bring to an end the region's long-running debt crisis.
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