Thursday, July 14, 2011

From the Heart of Europe | 14.07.2011, 14:00 UTC

DEUTSCHE WELLE / DW-WORLD.DE Newsletter

14.07.2011, 14:00 UTC
FROM THE HEART OF EUROPE

An inside perspective on key events that impact Germany and Europe

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Overview of Topics

* Italy moves to calm market turmoil as Greek bonds are downgraded
* Europe's debt crisis calls for tough political decisions
* EU recognizes Libyan rebel council, offers its support
* Energy giant RWE puts brakes on new coal and gas plants
* EU fisheries proposals get mixed reviews
* British tabloids feed Britain's appetite for sensationalism
* Murdoch's News Corp. drops BSkyB bid after phone-hacking scandal
* Greeks drain banks and seek new home for stashed cash
* Opinion: How to fix the eurozone's faulty foundation

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Italy moves to calm market turmoil as Greek bonds are downgraded

Italy's upper house of parliament has agreed to a sweeping austerity budget
in a move intended to allay concerns over a possible bailout. Meanwhile,
Greece must come to terms with another ratings downgrade.

The DW-WORLD.DE Article
http://newsletter.dw-world.de/re?l=ewbvdeI45gen02I0

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Europe's debt crisis calls for tough political decisions

The alarm bells are ringing louder than ever in Europe's capitals as fear
mounts over a possible meltdown of the eurozone. Berlin faces growing
criticism for dragging its feet and not rushing ahead with more aid.

The DW-WORLD.DE Article
http://newsletter.dw-world.de/re?l=ewbvdeI45gen02I1

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EU recognizes Libyan rebel council, offers its support

The leader of the Libyan rebel council has been received by EU and NATO
leaders as the legitimate representative of the Libyan people. The Libyan
delegation are on a two-day visit to Brussels.

The DW-WORLD.DE Article
http://newsletter.dw-world.de/re?l=ewbvdeI45gen02I2

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Energy giant RWE puts brakes on new coal and gas plants

German energy concern RWE says it will not start building any more gas or
coal-fired power plants after ones already under construction are
completed. But additional investments in renewables will have to wait a
while.

The DW-WORLD.DE Article
http://newsletter.dw-world.de/re?l=ewbvdeI45gen02I3

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EU fisheries proposals get mixed reviews

The European Commission has proposed an overhaul of the Common Fisheries
Policy in an effort to preserve fish stocks. The fisheries commissioner
expects to have a tough time convincing EU governments to back the plan.

The DW-WORLD.DE Article
http://newsletter.dw-world.de/re?l=ewbvdeI45gen02I4

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British tabloids feed Britain's appetite for sensationalism

Britain's tabloids go to extremes to an extent papers in places like
Germany wouldn't. Observers say, like media outlets everywhere, they're
simply giving readers what they want.

The DW-WORLD.DE Article
http://newsletter.dw-world.de/re?l=ewbvdeI45gen02I5

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Murdoch's News Corp. drops BSkyB bid after phone-hacking scandal

Rupert Murdoch's News Corporation has announced it has dropped its bid for
British satellite broadcaster BSkyB. The move came in the wake of
allegations of phone-hacking by News Corporation subsidiary News
International.

The DW-WORLD.DE Article
http://newsletter.dw-world.de/re?l=ewbvdeI45gen02I6

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Greeks drain banks and seek new home for stashed cash

Investors in Greece are worried about what might happen to their savings in
banks if the state goes broke. Some are moving their money abroad, some are
investing elsewhere, and some are burying cash in their gardens.

The DW-WORLD.DE Article
http://newsletter.dw-world.de/re?l=ewbvdeI45gen02I7

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Opinion: How to fix the eurozone's faulty foundation

If a product is proven to be flawed, it is taken out of production until
the problem can be fixed. Deutsche Welle's Rolf Wenkel says that should
apply to the eurozone, too.

The DW-WORLD.DE Article
http://newsletter.dw-world.de/re?l=ewbvdeI45gen02I8

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