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European Business News Headlines
AFP - Leading shares dipped at the open on Thursday as profit-takers moved to cash in on the previous day's gains.
AP - Greece's Prime Minister George Papandreou said Thursday his country needs a firmer eurozone bailout plan to lift market pressure on his government and lower its borrowing rates.
AP - Greek taxi drivers and many gas station owners are striking against a proposed overhaul of tax laws under the government's efforts to overcome its debt crisis.
Reuters - Greece's prime minister warned on Thursday that Athens would not be able to make planned deficit cuts unless it can borrow money more cheaply and said he would prefer not to have to turn to the IMF for help.
AP - As Greece wins at least temporary respite from its debt troubles, will Italy be the next to face a crisis?
AP - German Chancellor Angela Merkel said Wednesday there should in future be a mechanism to expel countries from the eurozone as a last resort if they persistently break its financial rules.
AP - Police have arrested five people in the kidnapping of a 5-year-old British boy in Pakistan and recovered more than 100,000 pounds ($150,000) in ransom money, authorities said Wednesday.
AFP - FTSE 100 shares posted solid gains on Wednesday as investors welcomed the US Federal Reserve's upbeat economic outlook, analysts said.
AFP - Greece warned on Wednesday it might have to seek help from the International Monetary Fund if the European Union does not do more to help it out of a debt crisis.
AP - OPEC oil ministers on Wednesday opted to keep their output targets unchanged in a bid to keep prices at present levels and send a message of stability to energy-hungry economies struggling to emerge from recession.
AFP - The International Monetary Fund on Wednesday lent its support to calls by the United States for China to allow its "much undervalued" currency to rise, amid EU complaints of protectionism.
AP - The European Union on Wednesday warned Germany, France, Spain, Italy and the Netherlands that they are relying too much on a strong economic recovery to meet debt reduction targets.
AP - Unemployment in Britain dropped to 7.8 percent in the three months through January from the previous quarter's 7.9 percent, the first such decline since May 2008 as the economy emerged from recession, official statistics showed Wednesday.
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