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  • High funding costs threaten Spain's robust exports

  • MADRID (Reuters) - Spain's small and medium-sized exporters are struggling to compete with European rivals due to high borrowing costs, as fallout from the country's banking crisis hurts one of the few bright spots in a contracting economy. From ceramic tile makers to chemicals producers and conveyor belt manufacturers, they say credit is too expensive or simply unavailable, even though exporters appear at first sight to be healthy. Since the crisis year of 2008, Spanish exports have grown faster than those of any other euro zone country except Estonia, according to banking group BBVA. ...
  • EU's Rehn against debt funded growth, backs Spain plan

  • European Economic and Monetary Affairs Commissioner Rehn presents the EU Commission's interim economic forecast in BrusselsTALLINN (Reuters) - The European Union's top economic official on Saturday warned against funding national growth packages with new debt and urged governments to stick with structural reforms and cuts to fiscal deficits as the route out of the region's economic crisis. The election of new president in France on a platform calling for growth-oriented economic policies opposed to German lead calls for continued fiscal austerity has opened a debate on economic policy direction at both the national and EU level. ...



  • Greek exit not fatal for euro zone - ECB's Honohan

  • An employee counts money in a bank in SarajevoTALLINN (Reuters) - A Greek exit from the euro zone would damage confidence in the single currency bloc but would not necessarily be fatal, Irish central bank chief and European Central Bank policymaker Patrick Honohan said on Saturday. "Technically it can be managed but it would be a knock to confidence for the euro area as a whole and would add to the complexity," he told a conference in the Estonian capital. "It is not necessarily fatal, but it is not attractive. ...



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  • Photographer “blows away” subjects

  • Click image to see more photos. (Tadao Cern) An eye-popping photo series shows that perhaps there is no "good side" when your face is getting blasted by powerful gusts of wind. Lithuanian photographer Tadas Cerniauskas, who also uses the name Tadao Cern, created the work entitled "Blow Job."  He took the photos during a design [...]
  • Jewish ire at Lithuania reburial

  • Jewish groups in Lithuania condemn a plan to repatriate Nazi-era PM Juozas Brazaitis, whose administration oversaw anti-Semitic attacks.
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