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Europe News Eastern Europe

  • He thinks they’re close. Read on for his two favorites in the group.

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    Three people have been killed in a petrol bomb attack on a bank in central Athens, as protests in the capital over the government's spending cuts turned violent.

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    Greece announced Sunday a long-delayed rescue package that will require years of painful fiscal belt-tightening, but the deal probably will not defuse the potential threats to other European countries, The New York Times reports.

  • Euro bills and coins in cash register tray

    Greece announced Sunday a long-delayed rescue package that will require years of painful fiscal belt-tightening, but the deal probably will not defuse the potential threats to other European countries, The New York Times reports.

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    Tax evasion has played a significant role in Greece’s debt crisis, and as the country struggles to get its financial house in order, it is going after tax cheats as never before, The New York Times reports.

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    Speculators have begun to zero in on another small member of Europe’s troubled monetary zone, the New York Times reported, highlighting the same economic flaw that brought Greece to the verge of insolvency.

  • The next 24 hours will be critical for Greece and its economy. After news over the weekend that the euro zone put together a rescue package, Athens will now test the markets reaction.

  • Hungary

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    Russian consumers are able to spend, the Russian government has significant room to maneuver, and there is no need to endure a long and painful process of systemic deleveraging - all of which make Russia a smart play for growth-oriented investors.

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    The EU banned all airlines from the Philippines and Sudan from flying into the region’s airports Tuesday, citing “serious safety deficiencies” found by the UN and U.S. aviation authorities, the New York Times reports.

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    The risk of default for Greek debt is priced much higher than that of Eastern European countries like Romania or Turkey. But Greece is rated investment grade while the two Black Sea countries are rated below investment grade.

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    Britain operates one of the largest welfare states in Europe. And that, it seems, is just fine with many of the British.

  • View over the caldera of Santorini in Greece.

    After weeks of backing a European rescue for the financially troubled Greece, Germany shifted course on Thursday, signaling that help should come from the International Monetary Fund rather than Greece’s neighbors, the New York Times reported.

  • Affordable vehicles from the likes of Toyota and Ford have been ruling the hybrid market. But at this year's Geneva International Auto Show, a number of luxury brands such as Ferrari and Porsche have unveiled concept and experimental hybrids. Take a look at what the future luxury hybrid might look like.

    This year's Geneva International Motor Show, a number of luxury brands debuted concept and experimental hybrids. Take a look at what the future luxury hybrid might look like.

  • Demonstrators shout slogans against government's recent austerity economy measures during a protest in Athens.

    Greece skirted disaster this week by persuading investors and politicians that it is finally on track to fix its finances. But even before the dust settles, the government is setting the stage for a potential conflict with Germany, France and other European governments that may raise doubts about the sustainability of the euro project.

  • Mikhail Prokhorov

    Call it the worst escrow ever. Mikhail Prokhorov, Russia's $9 billion nickel magnate, is out nearly $56 million. His deal to buy a massive villa on the French Riviera fell through.

  • Buffett on making "dumb deals." This is part five of the transcript and video of Warren Buffett's 'Ask Warren' appearance on CNBC's Squawk Box on Monday, March 1, 2010.  Topics include: Buffett's view on Kraft's acquisition of Cadbury, global warming, Goldman Sachs, Moody's, and Greece's debt problem.

  • In talking with global investors and in my recent trip to Davos for the World Economic Forum, I found that people are hardly even talking about Russia anymore. They’ve dropped the ”R“ to the point where it’s become the BIC nations.

  • Greece

    Bets by some of the same banks that helped Greece shroud its mounting debts may actually now be pushing the nation closer to the brink of financial ruin, the New York Times reported.

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    Carlsberg is one of the world's largest makers of beer, but the Danish firm has no plans to expand into the American markets, preferring instead to tie its growth targets to Eastern Europe and Asia.