Eurozone Crisis

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  Angela Merkel Named TIME's 'Person of the Year 2015', Baghdadi Second

  Time magazine today named German Chancellor Angela Merkel as its "Person of the Year 2015," hailing her leadership for navigating debt and refugee crises that threatened to tear the European Union apart.

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  The Guardian View on the Greek Referendum: Hard to Imagine a More Dismal Choice

  The Greek crisis has led Brussels into the business of regime change, says The Guardian.

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  Greece Referendum: Report from Ground Zero

  In Greece, most are yet to make up their minds about which way they'll vote and many say they aren't even sure what exactly a 'yes' or a 'no' vote could mean for them.

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  How I Would Vote in the Greek Referendum

  Neither alternative approval or rejection of the terms Greece has been presented with will be easy, and both carry huge risks, says Joseph E. Stiglitz.

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  Greece to Run Out of Cash By End-March Without New Aid: Source

  Greece is burning through its cash reserves and will not be able to meet payment obligations beyond the end of March at the latest, unless it secures additional funds from its creditors, a person familiar with the figures told Reuters on Wednesday.

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  Polls to 'Determine Whether Greece Stays in Europe': Prime Minister Antonis Samaras

  Greek Prime Minister Antonis Samaras said today that a snap election planned for next month would determine whether the country remains part of the eurozone or not.

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  Italian General Strike Protests Matteo Renzi's Reforms

  Italy began an eight hour general strike Friday at the call of two large unions to protest the rapid pace of economic and social reform introduced by Premier Matteo Renzi.

• British Prime Minister Cameron threatens to veto EU budget

  British Prime Minister David Cameron said on Friday he would veto the EU's 2014-20 budget if it included increases in spending at a time when member state budgets are being cut.

• French President Hollande says end of euro crisis 'very close', warns Germany

  French President Francois Hollande said on Wednesday the end of the eurozone crisis is "very close" but warned Germany to stop thinking Berlin should have the only say on how to tackle Europe's debt woes.

• Italian prime minister Monti fears eurozone crisis could tear Europe apart

  Italian Prime Minister Mario Monti has voiced fears that tensions sparked by the eurozone crisis have already turned countries against each other and must not be allowed to rip Europe apart.

• Spain wins 100 billion euro bank lifeline

  Spain has secured a European lifeline of up to 100 billion euros ($125 billion) to save its stricken banks and try to avert a broader financial catastrophe after emergency talks with its eurozone partners.

• French president's plane hit by lightning

  In the joint press conference in Berlin, Hollande and Merkel said they were going to work together even if their positions were divergent. Angela Merkel's position has been that of keeping tight budgetary discipline as the top priority of EU nations. Hollande reiterated that he would like a growth pact to be added to the European Fiscal Treaty sign...

• International Monetary Fund approves $36.56 billion funding for Greece

  The International Monetary Fund (IMF) on Thursday approved euro28 billion ($36.56 billion) in funding for crisis-hit Greece over the next four years.

• Eurozone gives Greece ultimatum for new bailout

  Eurozone finance ministers put off a decision on Thursday on a new bailout to save Greece from bankruptcy, giving Athens less than a week to meet three conditions in return for 130 billion euros in aid.

• Europe, facing abyss, embraces German might

  For more than half a century, the legacy of World War II has meant that the mere mention of a new rise of German power sent shudders through European nations. Now, Germany is increasingly calling the shots for the entire continent - and few seem to mind.