All Posts Tagged Tag: ‘euro’

EU Corruption Costs Over €120 Billion A Year

An official EU report published Monday says corruption affects all member countries of the European Union and costs the bloc at least 120 billion euros ($162 billion) annually. She said the amount lost annually would be enough to fund the Union’s yearly operating budget. The report was issued by European Commissioner Cecelia Malmstrom during the first official European Union corruption study. …

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Germany Elections: Can Angela Merkel Save Aging, Dying Europe?

Chancellor Angela Merkel’s political party won Germany’s national elections on Sunday and was poised to register close to a majority in German parliament. Merkel, therefore, is slated to be only the third German leader since World-War II to win a third straight term. The other two leaders to win three terms in a row were Konrad Adenauer and Helmut Kohl, …

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Hackers Break Into Banks And Steal 60 Million Euros

McAfee and Guardian Analytics released a joint report today saying that more than 60 firms have suffered from what it has called an “insider level of understanding.” The automated malicious software program was discovered and it was designed to use servers to process thousands of attempted thefts from both businesses and private individuals. “The fraudsters’ objective in these attacks is …

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Angela Merkel Pushes for Structural Reform

Angela Merkel, German Chancellor and leader of the Christian Democratic Union, has urged struggling European nations to embrace structural reform in order to rescue their faltering economies. According to AFP, Merkel stated in a recent speech that she was against taking on more debt as a means to an end. She also touched on the Spanish bailout, which she said …

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