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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.

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.


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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