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Spain Pushed Closer to Eurozone Bailout

With Spain’s borrowing costs rising, investors’ worries are deepening and fears of Spain asking for a full bailout are growing. To avoid a full bailout, leaders called for the immediate implementation of measures agreed last month, which include aid directed

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Germany on a downgrade warning from Moody

The credit ratings agency Moody’s has warned the outlook for Germany’s AAA credit rating is negative, the first step towards a possible downgrade. The ratings for the eurozone’s other top-rated economies the Netherlands and Luxembourg were also put on negative

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Greece Will Need More Time to Repay its Debts

Minister Antonis Samaras expects the economy to shrink by 7%, greater than the 5% forecast by the country’s Central Bank. Mr. Samaras said that the country has been in recession for five years, and it is not easy to return

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Pakistan not fulfilling its promise of fully implementing the transit trade accord

Afghan Chamber of Commerce and Industries (ACCI) deputy head Khan Jan Alokozay told the Upper House of the Parliament that Afghan traders are facing problems in Pakistan and called on Islamabad to address the issue and obey the transit trade

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UN Security Council lauds outcome of Tokyo Conference on Afghanistan

The UN Security Council said on Monday that it welcomed the outcome of an international conference on Afghanistan held in Tokyo earlier this month. The Tokyo Conference was hosted by Japan on July 8. The Conference brought together delegates from

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Sanctions on Iran have no adverse effects on Afghanistan

Afghan officials have rejected Western media reports that the U.S. and the E.U. chastising sanctions on Iran have negative impacts on Afghanistan. Ministry of Commerce says that the sanctions may actually have positive impacts on Afghanistan. Therefore, Iran is trying

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Views on the effectiveness and ineffectiveness of World Aid to Afghanistan

Afghan government says that the world community has granted Afghanistan about USD 100bn of aid and till now about 60% of the aid has been spent. Officials from Ministry of Foreign Affairs say that the aid money has been spent

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TAPI Project faces biggest hindrance from Insecurity

Turkmenistan-Afghanistan-Pakistan-India (TAPI) pipeline, which is about 1,700km long, is a major economic project for all the four regions. Security problems are clearly obstacles to the project, however work is still going on the project. There are other factors that may

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Greek to be assessed on its debt reduction progress

Creditors from the troika (made up of the International Monetary Fund (IMF), European Central Bank (ECB), and the European Commission (EC)) arrive on Greece on Tuesday to audit Greek progress on debt reduction. The troika will then decide whether Greece

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