Alleged HSBC data thief in extradition hearing in Spain
MADRID - A former HSBC employee wanted in Switzerland on allegations of stealing data on tens of thousands of bank accounts came before a Spanish court on Monday for extradition proceedings, arguing he was a whistleblower fighting corruption.
allegations
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switzerland
Found 1 month ago on channel
Reuters
Spanish, Slovenian economies at risk from imbalances: EU
BRUSSELS - Spain and Slovenia have banking and labor-market problems that are causing imbalances in their economies, the European Commission warned on Wednesday after an in-depth review of 13 European Union countries designed to stop trouble in individual states becoming a wider problem.
brussels
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imbalances
slovenia
slovenian
spain
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Found 1 month ago on channel
Reuters
Spanish bankruptcies hit record in first quarter of 2013
MADRID - A record number of Spanish companies went bust in the first quarter of 2013 as companies remained under intense pressure from tight credit conditions and meager demand, a study showed on Monday.
bankruptcy
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madrid
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Found 1 month ago on channel
Reuters
Eurozone Unemployment at Record 12 Percent
(LONDON) — Unemployment across the 17 European Union countries that use the euro has struck 12 percent for the first time since the currency was launched in 1999, official figures showed Tuesday. Eurostat, the E.U.’s statistics office, said the rate in February was unchanged at the record high after January’s figure was revised up to 12 percent from 11.9 percent. (MORE: Europe’s Crisis Measures Are Working…Sort Of) Over the month, a net 33,000 people in the eurozone joined the ranks of the unemployed. Spain and Greece continued to suffer from unemployment rates above 26 percent, and many other countries were seeing their numbers swell to uncomfortable levels. It’s not all doom and gloom. Germany, Europe’s biggest economy, has an unemployment rate of only 5.4 percent. That’s even better than the U.S. rate of 7.7 percent. The February figures came before the recent Cyprus crisis, which has reignited concerns over the future of the euro. Under the terms of its bailout, big depositors ...
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ECB’s Mersch: Cyprus ‘bail in’ not a template
European Central Bank governing council member Yves Mersch doesn’t expect any other euro-zone country to follow Cyprus’s lead and impose losses on bank deposits, according to remarks published by the Spanish newspaper Expansion.
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