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Source: yahoo.com  16/3 17:55
Greek power company workers strike (AP)

Striking Greek state hospital nurses demonstrate outside the health ministry building in central Athens on Tuesday, March 16, 2010. The nurses' union opposes government austerity measures aimed to pull Greece out of a massive debt crisis, and is seeking better working conditions. The banner reads 'The Minister Snubs Nurses.' Greek state power corporation workers also launched a two-day strike Tuesday, which may lead to blackouts. (AP Photo/Petros Giannakouris)AP - Greek state power company workers and hospital nurses went on strike Tuesday to protest government austerity measures designed to pull the country out of a major financi

EU hedge fund rules stalled, UK digs in heels (Reuters)
Reuters - European Union plans to crack down on hedge funds hung in the balance on Tuesday when talks stalled after Britain dug in its heels to head off new rules that could damage its financial center.
Greece gets some relief on credit rating (AP)

Greek Finance Minister Giorgos Papakonstantinou, right, gestures as he talks with France's Economy Minister Christine Lagarde, center, Swedish counterpart Anders Borg, second left, and Spain's counterpart and President of the EU Council Elena Salgado Mendez, at the EU finance ministers meeting in Brussels, Tuesday, March 16, 2010.  Finance ministers of the 27 EU nations review Greek austerity measures and other financial regulations reform to ease the financial crisis. (AP Photo/Yves Logghe)AP - Greece won some respite from financial market pressure Tuesday as ratings agency Standard & Poor's took the country off credit watch for

US warns EU derivatives ban won't work (AP)
AP - Europe's threat to ban the sort of financial derivatives trading that some blame for worsening Greece's debt crisis wouldn't work, a senior U.S. official told EU lawmakers Tuesday.
Saudi sees OPEC output steady for rest of year (AP)

Energy Minister  for  the United Arab Emirates Mohamed bin Dhaen Al Hamli,  talks to journalists as he arrives at a hotel for a meeting of the Organization of the Petroleum Exporting countries, OPEC, in Vienna, Austria, on Tuesday, March 16, 2010. (AP Photo/Ronald Zak)AP - Saudi Arabia's oil minister said Tuesday he expected OPEC to keep output steady for the rest of this year, in comments reflecting expectations that crude prices and supply are in sync with the fitfully recovering world economy.


Canadian finance chief warns US, others on deficit (AP)
AP - Canadian Finance Minister Jim Flaherty says other developed nations, including the United States, should come up with clearer plans on how they are going to get their weighty budget deficits under control.
EU backs Greek austerity as standby aid readied (Reuters)

Spanish Finance Minister Elena Salgado (2nd L) and her French counterpart Christine Lagarde (R) talk at the start of a European Union finance ministers meeting in Brussels March 16, 2010. REUTERS/Yves HermanReuters - EU finance ministers backed plans on Tuesday by countries in the euro area to help debt-stricken Greece financially if it becomes the first state in 11 years of monetary union to seek such aid.


EU backs Greece not to need last-resort rescue (AFP)

(L-R) Spanish Finance Minister Elena Salgado, Swedish Finance Minister Anders Borg, French Finance Minister Christine Lagarde and Greek Finance Minister Giorgios Papaconstantinou talk prior to a meeting in Brussels, March 16. Europe insisted Tuesday that a contingency plan to save Greece from bankruptcy with emergency loans was only prudent foresight and unlikely to be enacted.(AFP/Georges Gobet)AFP - Europe insisted Tuesday that a contingency plan to save Greece from bankruptcy with emergency loans was only prudent foresight and unlikely to be enacted, as Athens pushed for concrete details.


Franco-German spat fuels EU economic debate (AFP)

French Finance Minister Christine Lagarde (R) listens to German State Secretary for Finances Jorg Asmussen before the start of an Economy and Finance Council meeting at EU headquarters in Brussels, March 16. Lagarde on Monday questioned Germany's economic policy, suggesting its hefty trade surplus came at the expense of its euro area neighbours.(AFP/Georges Gobet)AFP - A dispute between France and Germany over economic policy threatens to distract the eurozone as it faces increasingly fierce competition from Asian rivals, analysts and German media said Tuesday.


UK regulator bans ex-Merrill Lynch trader (AP)
AP - British regulators on Tuesday banned a former trader at Merrill Lynch International Bank from working on financial markets after he manipulated his accounts by about $100 million last year to hide growing losses.
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