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Fitch: Cyprus bank recaps should boost confidence, risks remain
Although the completion of the recapitalisation and restructuring process for the Cypriot banks should improve confidence and contribute to funding stability in the system, the banks will remain vulnerable to funding and liquidity risks, says Fitch Ratings.
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Cyprus Mail: Banks could need additional capital - Moody's
Cypriot banks and cooperatives could face capital needs that exceed by some €1.5 billion the €2.5 billion of EU support funds earmarked for the banking sector, Moody's ratings agency said.
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WSJ: IMF sees Greece missing 2014 bailout budget target
Greece is projected to miss a key bailout target for next year, according to the IMF's latest Fiscal Monitor report. This is likely to complicate already-fraught negotiations over the next tranche of financing for the ailing economy.
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WSJ: Greek draft budget sees primary surplus, return to growth
The Greek government has presented a draft budget that forecasts a return to growth next year and an operating surplus that Athens hopes will allow it to return to bond markets for the first time since the debt crisis began.
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Statement by the Commission, ECB and IMF on the eighth and ninth review mission to Portugal
Staff teams visited Lisbon between September 16 and October 3 for the combined eighth and ninth quarterly reviews of Portugal's economic adjustment programme. There are early signs of a recovery in economic activity.
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Reuters: Italy cabinet approves emergency decree to trim 2013 deficit
The Italian government approved emergency measures on Wednesday aimed at keeping this year's budget deficit inside the EU's ceiling of 3 per cent of national output.
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Wolfgang Münchau: Italy's chance to realign – or mess things up further
Letta's urgent task is to fix the banks, and this will test his ability to tackle vested interests, writes Münchau in his FT column.
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ECFR/Francescon: Enrico Letta's victory
On 2nd October, Letta and his government passed a vote of confidence with a large majority both in the Senate and in the Lower House. The EU supported Letta unanimously, as he had proved to be a committed European supporter.
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Coalition talks in Germany progress slowly
Exploratory talks are taking place between the CDU and both the Social Democrats and the Greens. Despite Angela Merkel's urgency to form a new government, talks are expected to go on for many weeks. A grand coalition is the widely expected outcome, favoured by 46 per cent of the German population.
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Exploratory talks in Germany - the long route to the next coalition government
Angela Merkel's CDU is meeting with representatives of the SPD and the Green Party to explore the options for forming a coalition government.
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European and foreign policy changes under Merkel III?
While the world awaits the formation of a new German government, there is much speculation as to how Germany should use its strong position, both in the EU and with the transatlantic partnership. However, Merkel is not expected to change her steady-hand approach for a bolder or more visionary one.
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Strong 'National Front' showing in French by-election alarms Socialists
The ruling Socialist Party took the resounding win of the extreme right-wing National Front with 40.4 per cent of the vote in the canton of Brignoles as a 'very serious warning', and urged voters to block the far-right candidate in the second round.
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TheCityUK/Grimstone: The existential importance of the European debate and the active role the City must play in this
"I do not believe the City's pre-eminent position will survive if we lose our role as Europe's financial capital, and I do not believe we can maintain that position if we are not part of the Single Market."
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European Movement/Fassoulas: A prosperous Britain at the heart of the EU
Fassoulas issues a rallying call to those who believe Britain is better off in a better Europe. His 'holistic' approach focuses on the quartet of "Facts – Emotions – Danger – Hope".
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British Influence/Nathan: Clegg issues "call to arms" for a better Europe
Nick Clegg, the UK's Deputy PM, has issued a "call to arms" to British businesses, charities, organisations and politicians to show their support for Britain's continued membership of a better EU.
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BBC: Slovenia may seek help for its faltering banks
The head of Slovenia's central bank, Bostjan Jazbec, has said it will consider asking for outside help if the country's funding costs stay high. His comments are likely to fuel speculation over whether Slovenia will be bailed out by the EU.
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WSJ: Dutch budget talks in trouble as another party walks away
Talks between the Dutch government and the opposition entered a crucial phase on Wednesday, calling into question the government's ambition to rally support for next year's budget and prevent a standstill on reforms needed to shore up public finances.
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