Germany and France examine ‘two-tier’ euro
Germany and France are examining ways of creating a “two-tier” euro system to separate stronger northern European countries from weaker southern states.
• Spain could test the euro to its limit
Greek communists are cranking up the rhetoric against IMF-imposed austerity measures, now calling for war against the Athens government.
Russia wants the ruble to be one of the world’s reserve currencies as President Dmitry Medvedev renews his push to reduce the dollar’s dominance and make Moscow a global financial hub.
• Medvedev sees chance for new world order
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