An anxiously awaited meeting of European finance ministers ended Tuesday without an agreement to bail out Ireland s debt stricken government, though both Irish and EU officials vowed to stabilize the banks at the center of the crisis and keep it from spreading to other fragile economies connected by the euro.
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We know it and the retail banks do it behind closed doors. But it hasn t yet announced a multi billion dollar plan to monetise debt obligations. Of course, so far it hasn t had to because thanks to the we re different mentality, Australians have continued to make sure private sector debt continues to rise.
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With tensions simmering between the US and Israel in the wake of Vice President Joe Biden s trip to the region last week, former senior Bush White House adviser Karl Rove said today that Israel s announcement of new settlements in East Jerusalem shows that President Obama and his top aides aren t doing their homework in advance.
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The Republican Party steered clear of passing a so called purity test proposed by a handful of conservative members of the Republican National Committee and instead passed a toothless watered-down resolution that "urges" Republican Party leadership to consider a candidate's record and statements and fidelity to the party platform before providing financial support or an endorsement.
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