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Olive oil price hits 10-year low

May 28, 2012
As if Europe didn't have enough on its plate, it now faces a big drop in the price of one of its biggest exports, olive oil. Seventy percent of the world's olive oil supply comes from Spain, Greece and Italy.
Posted In: spain, italy, Greece, olive oil, Food

New Zealand: First smoke-free country?

May 25, 2012
This week New Zealand announced the price on cigarettes will rise by 40 percent over the next four years -- to more than $15 U.S. a pack -- as part of an effort to eliminate smoking in New Zealand completely by 2025.
Posted In: New Zealand, cigarettes, smoking

Earthquake halts cheese production in Italy

May 24, 2012
People in northern Italy are still dealing with the aftermath of the earthquake this week that killed seven. It struck hardest in some of Italy's richest farmland and ten percent of the world's supply of Parmesan has been affected.
Posted In: Food, cheese, italy

Euro leaders plan for Greece to 'divorce' the euro

May 24, 2012
Although eurozone members want Greece to keep the euro, contingency plans are being made in case there is a parting of ways. The cost and wider economic effects of a possible Greek exit are highly uncertain.
Posted In: Greece, euro, Europe debt crisis

SpaceX launch could pave way for private sector funding

May 22, 2012
The private company SpaceX today launched an unmanned rocket into space this morning, carrying cargo for the international space station.
Posted In: space, NASA, private sector

European banks continue to fear extra withdrawals

May 21, 2012
Europeans are withdrawing extra money from their bank accounts in case the continent's financial crisis deepens and the single currency system falls apart.
Posted In: Germany, Greece, banking

Angela Merkel staying committed to Greece

May 17, 2012
German Chancellor Angela Merkel is sending the message that she is committed to keeping Greece in the eurozone. In an interview with CNBC, Merkel says that she is open to stimulus programs. Now, that could be seen as a shift at at a time Greeks are blaming austerity imposed by Europe for their woes.
Posted In: Germany, Angela Merkel, austerity

Greek citizens pulling money from banks

May 16, 2012
With a new general election on the way in Greece and the country's membership in the European Single Currency in the balance, people in Greece are trying to keep their bank accounts from losing value if ever the euro is dropped. Greece's central bank chief says depositors pulled about $900 million about of bank accounts Monday alone.
Posted In: Greece, banking, Greek debt

Portugal cuts four public holidays to trim budget

May 9, 2012
The Portuguese government announced plans to abolish four national holiday to help ease that country's debt crisis.
Posted In: Portugal, Europe debt crisis

Spain may bail out troubled Bankia

May 8, 2012
The Spanish government could pump $9.1 billion into one of its biggest banks.
Posted In: spain, bankia

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