Financial crisis

FILE - In this Wednesday, Jan 9, 2019 file photo, Britain's Chancellor of the Exchequer Philip Hammond leaves 11 Downing Street for the House of Commons to attend Prime Minister's question time, in London. Hammond says he will quit if, as widely expected Boris Johnson becomes prime minister. Hammond said Sunday, July 21, 2109 that Johnson’s vow to take the U.K. out of the European Union on Oct. 31, with or without a divorce deal is “not something that I could ever sign up to.” (AP Photo/Alastair Grant, File)
July 21, 2019 - 7:38 am
LONDON (AP) — British Treasury chief Philip Hammond said Sunday that he will quit if — as widely expected — Boris Johnson becomes prime minister this week on a promise to leave the European Union with or without a divorce deal. Hammond said Johnson's vow to press for a no-deal Brexit if he can't...
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New Finance Minister Christos Staikouras, left, speaks as outgoing Finance Minister Euclid Tsakalotos is seen during a handover ceremony in Athens, Tuesday, July 9, 2019. Greece's new Cabinet was sworn in Tuesday, two days after conservative party leader Kyriakos Mitsotakis won early elections on pledges to make the country more business-friendly, cut taxes and negotiate an easing of draconian budget conditions agreed as part of the country's rescue program. (AP Photo/Thanassis Stavrakis)
July 09, 2019 - 12:34 pm
ATHENS, Greece (AP) — Greece's new government will press ahead with tax cuts for households and businesses despite skepticism from creditors, the country's finance minister said Tuesday after he and his Cabinet colleagues were sworn in. Christos Staikouras' comments during a handover ceremony at...
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FILE - In this June 19, 2019 file photo, Federal Reserve Chairman Jerome Powell speaks during a news conference following a two-day Federal Open Market Committee meeting in Washington. The Federal Reserve repeats its pledge to “act as appropriate” to sustain the current economic expansion, now the longest in U.S. history, while noting that most Fed officials have lowered their expectations for the future course of interest rates. (AP Photo/Manuel Balce Ceneta)
July 09, 2019 - 9:07 am
WASHINGTON (AP) — Federal Reserve Chairman Jerome Powell the Fed's annual stress tests of the nation's largest banks will need to evolve to keep pace with a changing financial system. Powell calls the tests, which determine whether a bank could survive a severe economic downturn, were one of the "...
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FILE - In this Dec. 23, 2013, file photo, former Argentine President Fernando de la Rua, center, walks outside Argentina's Federal Court in Buenos Aires, Argentina. Former Argentine President Fernando De la Rúa, who attracted voters with his image as an honest statesman and later left the country plunged into its worst economic crisis, died Tuesday, July 9, 2019. He was 81. (AP Photo/Victor R. Caivano, File)
July 09, 2019 - 8:41 am
BUENOS AIRES, Argentina (AP) — Former Argentine President Fernando De la Rúa, who attracted voters with his image as an honest statesman and later left the country plunged into its worst economic crisis, died Tuesday at age 81. President Mauricio Macri sent a tweet expressing regrets at the death...
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July 09, 2019 - 8:02 am
BUENOS AIRES, Argentina (AP) — Former Argentine President Fernando De la Rúa, who attracted voters with his image as an honest statesman and later left the country plunged into its worst economic crisis, has died. He was 81. The death was confirmed by the Argentine government. President Mauricio...
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A man walks past the Deutsche Bank sign in London, Monday, July, 8, 2019. Germany's struggling Deutsche Bank says it will cut 18,000 jobs by 2022, saying it is going “back to our roots” with a radical restructuring plan meant to focus the company on traditional strengths.(AP Photo/Natasha Livingstone)
July 08, 2019 - 3:01 pm
BERLIN (AP) — The radical and painful restructuring of Germany's Deutsche Bank, which is cutting 18,000 jobs, is the end of a long, failed attempt to compete with the global investment banking giants that left it overextended. The bank plan unveiled Sunday aims to go "back to our roots" by...
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Greece's newly-elected prime minister Kyriakos Mitsotakis, background, looks on as outgoing prime minister Alexis Tsipras, leaves the Maximos Mansion in Athens, Monday, July 8, 2019. Mitsotakis' New Democracy party won 39.8% of the vote, giving him 158 seats in the 300-member parliament, a comfortable governing majority. (AP Photo/Petros Giannakouris)
July 08, 2019 - 10:59 am
ATHENS, Greece (AP) — Conservative party leader Kyriakos Mitsotakis was sworn in as Greece's new prime minister Monday, a day after his resounding win over left-wing Alexis Tsipras, who led the country through the tumultuous final years of its international bailouts. Mitsotakis, 51, was elected on...
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In this Saturday, Feb. 2, 2019 file photo, supporters of Greece's extreme right Golden Dawn raise torches during a rally commemorating a 1996 military incident which cost the lives of three Greek navy officers and brought Greece and Turkey to the brink of war, in Athens. Golden Dawn, the far-right, anti-immigrant party that had shocked Greek politics by evolving from a marginal, violent neo-Nazi group into Greece's third-largest party during the country's economic crisis, was knocked out of Parliament in national election Sunday July 7, 2019. (AP Photo/Yorgos Karahalis)
July 08, 2019 - 10:21 am
ATHENS, Greece (AP) — Greece's far-right Golden Dawn party said Monday it is planning to challenge a general election result that saw it fail to get enough for support to be represented in Parliament, a big reversal for a party that had risen to third place at the height of the country's financial...
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Greece's newly-letted prime minister Kyriakos Mitsotakis, right, talks with Greek President Prokopis Pavlopoulos, shortly after his swearing0-n ceremony at the Presidential Palace in Athens, Monday, July 8, 2019. Mitsotakis' New Democracy party won 39.8% of the vote, giving him 158 seats in the 300-member parliament, a comfortable governing majority. (AP Photo/Petros Giannakouris)
July 08, 2019 - 10:14 am
ATHENS, Greece (AP) — The Latest on Greece's election of a new government (all times local): 4:45 p.m. The finance minister of the Netherlands says Greece's new conservative government will have little leeway to change the country's economic reform and debt-reduction policies since they were...
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Greek opposition New Democracy conservative party leader Kyriakos Mitsotakis waves to his supporters after win in parliamentary elections at the New Democracy headquarters in Athens, on Sunday, July 7, 2019. Official results from nearly 60% of ballots counted showed the conservative New Democracy party of Kyriakos Mitsotakis winning comfortably with 39.7% compared to Tsipras' Syriza party with 31.5%. (AP Photo/Petros Giannakouris)
July 07, 2019 - 7:47 pm
ATHENS, Greece (AP) — Conservative opposition leader Kyriakos Mitsotakis comfortably won Greece's parliamentary elections Sunday, delivering a stinging blow to leftist Prime Minister Alexis Tsipras after a tumultuous four years in office as the country struggled through a crippling financial crisis...
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