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Massive Political Corruption Causes Outrage in Spain
globalvoicesonline.org

The investigation of a political corruption case known as ““Gürtel” has revealed more serious facts like the alleged under the table salaries given to some members of the Popular Party (PP) leadership [es], which currently rules Spain ["under the table …

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When Will the Federal Debt Cause a Greece-Like Crisis in the US?
business.time.com

(The Federal Reserve usually does this by buying U.S. government debt from banks, crediting those banks' accounts with dollars that hadn't existed before.) By contrast, when Greece borrows money, it borrows Euros, a currency over which it has no control.

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Italian, Spanish Banks Large Net Buyers of Government Debt in January
www.nasdaq.com

Banks in Italy and Spain were large net buyers of government debt again in January after spending most of the previous three months offloading it, according to figures published Wednesday by the European Central Bank. The figures mean that the banks in …

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Debt is a Real Drag in Any Season
www.heritage.org

With each additional year spending more money than it takes in, the federal government hoists more weight onto the existing debt drag. The government pays for its prodigality by having to devote more and more of its revenues to interest payments on …

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S&P issues favorable rating on Unified Government bonds
www.kansascity.com

Standard & Poor's Corp. has assigned an investment-grade AA rating on Unified Government revenue bonds, and the agency also issued a stable outlook rating on the long-term debt. Order Reprints …

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Allianz Gained $5.8 Billion From Italian Government Bonds
www.bloomberg.com

Allianz SE (ALV), Europe's biggest insurer, booked a 4.5 billion-euro ($5.8 billion) unrealized gain on Italian government bonds after adding to its holdings at the height of Europe's debt crisis, company filings showed. After purchasing 3.8 billion …

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Fiscal Pain to Be Parceled Out Unevenly
online.wsj.com

Friday’s federal budget cuts are designed to slice spending across the board, sparing few programs. But in practice they will feel uneven and lumpy, shading the economic and political consequences.

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