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European Central Bank cuts interest, rules out 'bazooka' solution

ECB president Mario Draghi also promised to offer banks unlimited credit for three years; to cut reserve requirements for commercial banks; and to accept a broader range of assets as collateral for ECB loans.

The euro zone: the central bankers' latest view on the crisis

Following a massive intervention from central banks, the ECB's Mario Draghi and Bank of England's Mervyn King analyze the current state of play in the euro zone
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European Central Bank Chief Mario Draghi arrives at the European Parliament in Brussels to give his first speech since taking up the job last month. He called for a fiscal union throughout the euro zone. (THIERRY CHARLIER/AFP/Getty Images)
ECB's Draghi calls for euro zone fiscal union, Bank of England's King calls for bankers to forego bonuses and use the money to prop up their balance sheets.
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Euro zone crisis and celebritology - twin pillars of modern European life

Merkel continues to risk survival of euro with inflexible attitude while at a London hearing JK Rowling risks the survival of the tabloids with her heart-rending testimony.
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After a hard day testifying about tabloid intrusion into her personal life, Sienna Miller was on the red carpet at a fashion event in Paris. (Pascal Le Segretain/AFP/Getty Images)

I really do wish there was something else to blog about besides the euro crisis - and I have a few links to another story below - but really, what else is there to write about if you live in Europa?
And if you want to have a sense of what life must have been like in the latest 1920's and early 1930's following the floundering of Europe's leaders is the best way to achieve it.

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G-20 summit: who's in charge?

Who's in charge of world economy? Anyone?
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German Chancellor Angela Merkel and French President Nicolas Sarkozy talk as they arrive for a press conference after a meeting with Greek Prime Minister George Papandreou and EU and IMF representatives over Eurozone bailout plan ahead of the G20 summit on November 2, 2011 in Cannes, France. (David Ramos/AFP/Getty Images)
Elected leaders of 20 largest economies meet in Cannes and are confronted by a simple reality: there is very little they can do to sort Europe's mess while Greece is in political meltdown.
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