Greek backsliding sparks euro exit talk (Reuters)

BERLIN (Reuters) – Anger at Greece’s failure to meet fiscal targets that are a condition for its international bailout is nearing breaking point in Berlin and other European capitals, with senior politicians now talking openly about the possibility of Athens exiting the euro zone. Horst Seehofer, the head of the Bavarian Christian Social Union...
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Spanish teachers back to school in a grumpy mood (AP)

MADRID – The mood in Spain’s classrooms is gloomy as the academic year begins with public school teachers announcing a wave of national rallies Thursday to protest against spending cuts they fear will undermine education in a country with a 45 percent youth jobless rate. Education becomes yet another battlefront between between unions and...
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ECB to signal change in policy tack (Reuters)

FRANKFURT (Reuters) – The European Central Bank is expected to signal a change in policy direction on Thursday, halting an interest-rate rise cycle just five months after it started as the euro zone debt crisis weighs on the economy. The governing council will discuss, in the meeting now underway, new inflation and growth forecasts...
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Mitt Romney says he wouldn’t keep Bernanke (Reuters)

SIMI VALLEY, California (Reuters) – Republican presidential hopeful Mitt Romney said on Wednesday that if he were elected president, he would not keep Ben Bernanke as chairman of the Federal Reserve. “I’d be looking for somebody new,” Romney said in response to a question at the Republican debate held at the Ronald Reagan presidential...
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Romney puts China squarely in presidential race (Reuters)

WASHINGTON (Reuters) – Republican presidential candidate Mitt Romney’s threat to get tough with China about its trade practices increases the odds that China-bashing will permeate a presidential contest to woo U.S. voters seeking a culprit for the nation’s economic malaise. Pledging this week that he would label China a currency manipulator, Romney sought both...
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Bernanke unlikely to show his hand on Fed easing (Reuters)

WASHINGTON (Reuters) – Anyone expecting Federal Reserve Chairman Ben Bernanke to outline bold new measures to boost flagging U.S. growth on Thursday is likely to come away disappointed. Bernanke, who speaks at 1:30 p.m. Eastern, no doubt will nod to the drumbeat of disappointing news on the recovery, but he will likely avoid getting...
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Asian stocks mixed ahead of Obama jobs speech (AP)

BANGKOK – Asian stock markets struggled for direction Thursday as uncertainty about the health of the global economy kept investor enthusiasm in check ahead of President Barack Obama’s jobs speech. Benchmark oil hovered above $89 a barrel while the dollar strengthened against the euro and the yen. Japan’s Nikkei 225 index rose 0.3 percent...
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