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	<title>Global Crisis News &#187; economy</title>
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	<description>Headlines from around the globe!</description>
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		<title>IMFs Forecast Mistakes are not Trivial</title>
		<link>http://www.globalcrisisnews.com/europe/imfs-forecast-mistakes-are-not-trivial/id=2069/</link>
		<comments>http://www.globalcrisisnews.com/europe/imfs-forecast-mistakes-are-not-trivial/id=2069/#comments</comments>
		<pubDate>Mon, 03 Oct 2011 08:04:46 +0000</pubDate>
		<dc:creator>Raul de Sagastizabal</dc:creator>
				<category><![CDATA[Europe]]></category>
		<category><![CDATA[Christine Lagarde]]></category>
		<category><![CDATA[double dip]]></category>
		<category><![CDATA[economy]]></category>
		<category><![CDATA[Greece]]></category>
		<category><![CDATA[IMF]]></category>
		<category><![CDATA[International Monetary Fund]]></category>
		<category><![CDATA[news]]></category>
		<category><![CDATA[Olivier Blanchard]]></category>
		<category><![CDATA[recession]]></category>

		<guid isPermaLink="false">http://www.globalcrisisnews.com/?p=2069</guid>
		<description><![CDATA[The storm that threatens the global economy has been raging ever since the toxic assets crisis started five long years ago. That crisis has not ended, or receded, but transformed into multiple crises: from fiscal deficit and sovereign debt to poverty, unemployment and the rise in food and fuel prices. Nevertheless, the International Monetary Fund [...]]]></description>
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		<slash:comments>0</slash:comments>
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		<item>
		<title>Dark Clouds over the Global Economy</title>
		<link>http://www.globalcrisisnews.com/world/dark-clouds-over-the-global-economy/id=2065/</link>
		<comments>http://www.globalcrisisnews.com/world/dark-clouds-over-the-global-economy/id=2065/#comments</comments>
		<pubDate>Wed, 24 Aug 2011 11:48:11 +0000</pubDate>
		<dc:creator>Raul de Sagastizabal</dc:creator>
				<category><![CDATA[World]]></category>
		<category><![CDATA[china]]></category>
		<category><![CDATA[debt]]></category>
		<category><![CDATA[dollar]]></category>
		<category><![CDATA[economy]]></category>
		<category><![CDATA[Europe]]></category>
		<category><![CDATA[Markets]]></category>
		<category><![CDATA[news]]></category>
		<category><![CDATA[oil]]></category>
		<category><![CDATA[OPEC]]></category>
		<category><![CDATA[recession]]></category>
		<category><![CDATA[Russia]]></category>
		<category><![CDATA[turmoil]]></category>
		<category><![CDATA[United States]]></category>

		<guid isPermaLink="false">http://www.globalcrisisnews.com/?p=2065</guid>
		<description><![CDATA[By Raul de Sagastizabal The downgrade of American bonds along with the problems of the European over-indebtedness increases the fear of a recession or a sharp slowdown in the global economy. Much of the market turmoil responds to the fear of investors, who facing a recession scenario go in pursuit of safer currencies and assets. [...]]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>What is Hot Money?</title>
		<link>http://www.globalcrisisnews.com/world/what-is-hot-money/id=2063/</link>
		<comments>http://www.globalcrisisnews.com/world/what-is-hot-money/id=2063/#comments</comments>
		<pubDate>Tue, 23 Aug 2011 18:47:16 +0000</pubDate>
		<dc:creator>Raul de Sagastizabal</dc:creator>
				<category><![CDATA[World]]></category>
		<category><![CDATA[crisis]]></category>
		<category><![CDATA[economy]]></category>
		<category><![CDATA[hot money]]></category>
		<category><![CDATA[IMF]]></category>
		<category><![CDATA[investors]]></category>
		<category><![CDATA[speculation]]></category>
		<category><![CDATA[speculators]]></category>
		<category><![CDATA[traders]]></category>

		<guid isPermaLink="false">http://www.globalcrisisnews.com/?p=2063</guid>
		<description><![CDATA[By Raul de Sagastizabal Hot money is the “purely speculative money,” which enters into an economy or an economic sector in order to earn a short-term and/or huge profit and leave quickly, as long as it finds more profit elsewhere. Hot money refers to funds that net speculators move, the professional speculators, who spend 24/7 looking [...]]]></description>
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		<slash:comments>0</slash:comments>
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		<title>Euro Stands Only 20% Chance of Survival</title>
		<link>http://www.globalcrisisnews.com/europe/euro-stands-only-20-chance-of-survival/id=2034/</link>
		<comments>http://www.globalcrisisnews.com/europe/euro-stands-only-20-chance-of-survival/id=2034/#comments</comments>
		<pubDate>Tue, 04 Jan 2011 09:14:38 +0000</pubDate>
		<dc:creator>Ana Nivtova</dc:creator>
				<category><![CDATA[Europe]]></category>
		<category><![CDATA[2011]]></category>
		<category><![CDATA[banks]]></category>
		<category><![CDATA[CEBR]]></category>
		<category><![CDATA[consumer spending]]></category>
		<category><![CDATA[crisis]]></category>
		<category><![CDATA[economic growth]]></category>
		<category><![CDATA[economy]]></category>
		<category><![CDATA[euro]]></category>
		<category><![CDATA[Eurozone]]></category>
		<category><![CDATA[housing market]]></category>
		<category><![CDATA[inflation]]></category>
		<category><![CDATA[japan]]></category>
		<category><![CDATA[news]]></category>
		<category><![CDATA[predictions]]></category>
		<category><![CDATA[UK]]></category>

		<guid isPermaLink="false">http://www.globalcrisisnews.com/?p=2034</guid>
		<description><![CDATA[According to a recently released prediction by the Centre for Economics and Business Research, the Euro only stands a 20 per cent change of surviving the next decade. &#8220;If the euro doesn&#8217;t break up, this could be the year when it weakens substantially towards parity with the dollar,&#8221; said Douglas Williams, chief executive of CEBR. [...]]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Tackling Financial Exclusion in Europe</title>
		<link>http://www.globalcrisisnews.com/comments/tackling-financial-exclusion-in-europe/id=2027/</link>
		<comments>http://www.globalcrisisnews.com/comments/tackling-financial-exclusion-in-europe/id=2027/#comments</comments>
		<pubDate>Mon, 20 Dec 2010 16:35:16 +0000</pubDate>
		<dc:creator>Justin Frewen</dc:creator>
				<category><![CDATA[Comments]]></category>
		<category><![CDATA[banks]]></category>
		<category><![CDATA[crisis]]></category>
		<category><![CDATA[economy]]></category>
		<category><![CDATA[Europe]]></category>
		<category><![CDATA[finance]]></category>
		<category><![CDATA[financial exclusion]]></category>
		<category><![CDATA[poverty]]></category>
		<category><![CDATA[society]]></category>

		<guid isPermaLink="false">http://www.globalcrisisnews.com/?p=2027</guid>
		<description><![CDATA[The term financial exclusion was first coined in 1993 by geographers studying the impact bank closures had on those left unable to access basic banking services. During the 1990s there was a significant increase in research focusing on people experiencing difficulties accessing modern financial services. By the turn of the millennium financial exclusion began to [...]]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Putin Proposes Trade-Free Zone from Lisbon to Vladivostok</title>
		<link>http://www.globalcrisisnews.com/politics/putin-proposes-trade-free-zone-from-lisbon-to-vladivostok/id=2007/</link>
		<comments>http://www.globalcrisisnews.com/politics/putin-proposes-trade-free-zone-from-lisbon-to-vladivostok/id=2007/#comments</comments>
		<pubDate>Thu, 25 Nov 2010 16:22:28 +0000</pubDate>
		<dc:creator>Ana Nivtova</dc:creator>
				<category><![CDATA[Europe]]></category>
		<category><![CDATA[Politics]]></category>
		<category><![CDATA[Russia]]></category>
		<category><![CDATA[Angela Merkel]]></category>
		<category><![CDATA[crisis]]></category>
		<category><![CDATA[economy]]></category>
		<category><![CDATA[EU]]></category>
		<category><![CDATA[financial crisis]]></category>
		<category><![CDATA[free-trade zone]]></category>
		<category><![CDATA[Germany]]></category>
		<category><![CDATA[global crisis]]></category>
		<category><![CDATA[market regulation]]></category>
		<category><![CDATA[news]]></category>
		<category><![CDATA[Sueddeutsche Zeitung]]></category>
		<category><![CDATA[Vladimir Putin]]></category>

		<guid isPermaLink="false">http://www.globalcrisisnews.com/?p=2007</guid>
		<description><![CDATA[In a commentary published in Germany&#8217;s Sueddeutsche Zeitung, Russian Prime Minister Vladimir Putin proposed a stronger integration of economic ties between the European Union and Russia that would ideally lead to establishing a free-trade zone stretching &#8220;from Lisbon to Vladivostok.&#8221; The Russian Prime Minister is on a visit to Germany for talks with Chancellor Angela [...]]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>As Ireland Gets Rescued, All Eyes on Portugal and Spain, Who&#8217;s Next to Collapse?</title>
		<link>http://www.globalcrisisnews.com/europe/as-ireland-gets-rescued-all-eyes-on-portugal-and-spain-whos-next-to-collapse/id=1939/</link>
		<comments>http://www.globalcrisisnews.com/europe/as-ireland-gets-rescued-all-eyes-on-portugal-and-spain-whos-next-to-collapse/id=1939/#comments</comments>
		<pubDate>Mon, 22 Nov 2010 17:56:35 +0000</pubDate>
		<dc:creator>Ana Nivtova</dc:creator>
				<category><![CDATA[Europe]]></category>
		<category><![CDATA[bailout]]></category>
		<category><![CDATA[collapse]]></category>
		<category><![CDATA[crisis]]></category>
		<category><![CDATA[currency crisis]]></category>
		<category><![CDATA[currency war]]></category>
		<category><![CDATA[economy]]></category>
		<category><![CDATA[euro]]></category>
		<category><![CDATA[Eurozone]]></category>
		<category><![CDATA[Gerald Celente]]></category>
		<category><![CDATA[investor confidence]]></category>
		<category><![CDATA[Ireland]]></category>
		<category><![CDATA[Italy]]></category>
		<category><![CDATA[Jean Claude Juncker]]></category>
		<category><![CDATA[labour laws]]></category>
		<category><![CDATA[news]]></category>
		<category><![CDATA[Portugal]]></category>
		<category><![CDATA[property market]]></category>
		<category><![CDATA[spain]]></category>
		<category><![CDATA[Spanish property]]></category>
		<category><![CDATA[trade war]]></category>
		<category><![CDATA[unemployment]]></category>
		<category><![CDATA[war]]></category>

		<guid isPermaLink="false">http://www.globalcrisisnews.com/?p=1939</guid>
		<description><![CDATA[As the Irish banks are due to be rescued with up to 100,000 million euros in bailout funds, economists, investors and financial experts are turning their eyes on Portugal and Spain, asking &#8220;Who&#8217;s next?&#8221; An article in the Independent ponders: &#8220;Portugal&#8217;s economy may be small enough to save from disaster, but Spain may turn out [...]]]></description>
		<wfw:commentRss>http://www.globalcrisisnews.com/europe/as-ireland-gets-rescued-all-eyes-on-portugal-and-spain-whos-next-to-collapse/id=1939/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
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		<title>Ireland Confirms Billion-Euro Bailout Plea</title>
		<link>http://www.globalcrisisnews.com/europe/ireland-confirms-billion-euro-bailout-plea/id=1913/</link>
		<comments>http://www.globalcrisisnews.com/europe/ireland-confirms-billion-euro-bailout-plea/id=1913/#comments</comments>
		<pubDate>Mon, 22 Nov 2010 06:06:16 +0000</pubDate>
		<dc:creator>Ana Nivtova</dc:creator>
				<category><![CDATA[Europe]]></category>
		<category><![CDATA[bailout]]></category>
		<category><![CDATA[Brian Cowen]]></category>
		<category><![CDATA[Didier Reynders]]></category>
		<category><![CDATA[economy]]></category>
		<category><![CDATA[EU]]></category>
		<category><![CDATA[finance]]></category>
		<category><![CDATA[IMF]]></category>
		<category><![CDATA[International Monetary Fund]]></category>
		<category><![CDATA[Ireland]]></category>
		<category><![CDATA[news]]></category>

		<guid isPermaLink="false">http://www.globalcrisisnews.com/?p=1913</guid>
		<description><![CDATA[Irish Prime Minister Brian Cowen confirmed Sunday that his country requested financial assistance, which has received the approval of European Union Finance Ministers as well as the IMF (International Monetary Fund). Didier Reynders, Belgium Finance Minister confirmed that the help that Ireland would get will be &#8220;less than 100,000 million euros&#8221;. Finance ministers of the [...]]]></description>
		<wfw:commentRss>http://www.globalcrisisnews.com/europe/ireland-confirms-billion-euro-bailout-plea/id=1913/feed/</wfw:commentRss>
		<slash:comments>2</slash:comments>
		</item>
		<item>
		<title>The Chinese Dragon Pounces on Europe</title>
		<link>http://www.globalcrisisnews.com/europe/the-chinese-dragon-pounces-on-europe/id=1860/</link>
		<comments>http://www.globalcrisisnews.com/europe/the-chinese-dragon-pounces-on-europe/id=1860/#comments</comments>
		<pubDate>Thu, 04 Nov 2010 07:10:53 +0000</pubDate>
		<dc:creator>Michael Walsh</dc:creator>
				<category><![CDATA[Europe]]></category>
		<category><![CDATA[china]]></category>
		<category><![CDATA[economy]]></category>
		<category><![CDATA[European Union]]></category>
		<category><![CDATA[investment]]></category>
		<category><![CDATA[news]]></category>
		<category><![CDATA[trade]]></category>
		<category><![CDATA[Zhang Zugian]]></category>

		<guid isPermaLink="false">http://www.globalcrisisnews.com/?p=1860</guid>
		<description><![CDATA[German indignation at China’s audacious economic penetration of Europe has been dismissed as sour grapes by Zhang Zugian, a researcher with the Chinese Association of European Studies. He says the European Union’s presumption of trade exclusivity in the former Eastern Bloc is a hangover from the Cold War. He goes on to mock the West’s [...]]]></description>
		<wfw:commentRss>http://www.globalcrisisnews.com/europe/the-chinese-dragon-pounces-on-europe/id=1860/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Europe, The Giant Awakes</title>
		<link>http://www.globalcrisisnews.com/europe/europe-the-giant-awakes/id=1848/</link>
		<comments>http://www.globalcrisisnews.com/europe/europe-the-giant-awakes/id=1848/#comments</comments>
		<pubDate>Wed, 20 Oct 2010 06:00:44 +0000</pubDate>
		<dc:creator>Michael Walsh</dc:creator>
				<category><![CDATA[Europe]]></category>
		<category><![CDATA[economy]]></category>
		<category><![CDATA[euro]]></category>
		<category><![CDATA[euro zone]]></category>
		<category><![CDATA[news]]></category>
		<category><![CDATA[Politics]]></category>
		<category><![CDATA[US dollar]]></category>

		<guid isPermaLink="false">http://www.globalcrisisnews.com/?p=1848</guid>
		<description><![CDATA[In a world of conflicting interests it is hardly surprising that we are bewildered by contradictory information. Nations opposed to the euro-zone, such as Britain and the United States, are desperate to talk up their own currencies: Being economical with the truth by talking down their rivals helps. Leaving opinions aside there are some facts [...]]]></description>
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