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Email this article: Europe vows closer union at G20 summit
Posted: Tue June 19, 2012 5:06 pm
INTERNATIONAL. Under pressure from financial markets and anxious world leaders, Europe agreed to move towards a more integrated banking system to stem a debt crisis that threatens the survival of the euro.
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UAE. S&P expects Abu Dhabi's government balance will worsen further based on the ratings agency's updated oil price assumptions; However, the emirate's large net asset position will continue to give it a considerable buffer to support the economy; Continued structural and institutional weaknesses anticipated.
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