Sovereign debt

German Chancellor Angela Merkel, left, and French President Emmanuel Macron walk onto the podium prior to a media conference at the end of an EU summit in Brussels, Tuesday, July 21, 2020. Weary European Union leaders finally clinched an unprecedented budget and coronavirus recovery fund early Tuesday, finding unity after four days and as many nights of fighting and wrangling over money and power in one of their longest summits ever. (John Thys, Pool Photo via AP)
1010 WINS Newsroom
July 21, 2020 - 11:00 am
FRANKFURT, Germany (AP) — European leaders took a historic step towards sharing financial burdens among the EU's 27 countries by agreeing to borrow and spend together to pull the economy out of the deep recession caused by the virus outbreak. Pushed by Germany's Angela Merkel and France's Emmanuel...
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President Donald Trump listens during a roundtable discussion about "Transition to Greatness: Restoring, Rebuilding, and Renewing," at Gateway Church Dallas, Thursday, June 11, 2020, in Dallas.(AP Photo/Alex Brandon)
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June 12, 2020 - 5:51 pm
President Donald Trump said Friday he wants “a new and updated” Republican Party platform after the Republican National Committee voted this week to carry over the 2016 document. But Trump may be stuck with the old platform, which is peppered with jeremiads about the “current administration” that...
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German Chancellor Angela Merkel speaks during a press conference following a joint video conference with French President Macron in Berlin, Germany, Monday, May 18, 2020. One topic was the Corona Pandemic and its consequences. (Kay Nietfeld/dpa via AP)
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May 19, 2020 - 10:15 am
FRANKFURT, Germany (AP) — Germany’s agreement to share debt with other EU countries to finance an economic recovery plan is being greeted as an overdue sign of unity in the face of the worst downturn the bloc has ever seen. Chancellor Angela Merkel broke with her country’s longstanding opposition...
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President Donald Trump signs a coronavirus aid package to direct funds to small businesses, hospitals, and testing, in the Oval Office of the White House, Friday, April 24, 2020, in Washington. Sen. Roy Blunt, R-Mo., left, and Jovita Carranza, administrator of the Small Business Administration look on. (AP Photo/Evan Vucci)
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April 24, 2020 - 5:09 pm
WASHINGTON (AP) — Spend what it takes, Washington said as it confronted the coronavirus. Well over $2 trillion later, it’s unclear where that spending will end. One of the lasting legacies of the coronavirus pandemic will be staggering debts and deficits on the U.S. balance sheet, with shortfalls...
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A food delivery rider passes by a banner reading ' Stronger together, all together we will make it ', in Milan, Italy, Sunday, April 5, 2020. The government is demanding Italians stay home and not take the leveling off of new coronavirus infections as a sign the emergency is over, following evidence that more and more Italians are relaxing restrictions the west’s first and most extreme nationwide lockdown and production shutdown. (Claudio Furlan/LaPresse via AP)
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April 06, 2020 - 12:55 pm
FRANKFURT, Germany (AP) — The virus outbreak is exposing cracks in the foundation of Europe's 21-year-old shared currency and festering animosities among its members, even as governments struggle to come up with a unified response where success or failure could mark the continent's politics for...
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FILE - In this Feb. 3, 2020, file photo, Sen. Pat Toomey, R-Pa., walks at the Capitol in Washington. The nation's fiercest fiscal conservatives are largely embracing the massive economic rescue package moving through Congress. In many cases, those conservatives who support the $2 trillion coronavirus spending bill are the very same who raged against the $800 billion economic stimulus package backed by the Obama administration after the 2008 financial crisis. (AP Photo/J. Scott Applewhite, File)
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March 28, 2020 - 8:43 am
NEW YORK (AP) — Republicans who have spent the past decade howling about the danger of ballooning deficits embraced the coronavirus rescue package approved by Congress and signed by President Donald Trump, shrugging off past concerns about spending in the face of a public health crisis. In many...
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President Donald Trump speaks during a FOX News Channel town hall at the Scranton Cultural Center, Thursday, March 5, 2020, in Scranton, Pa. (AP Photo/Evan Vucci)
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March 05, 2020 - 8:46 pm
SCRANTON, Pa. (AP) — President Donald Trump defended the administration's response to the coronavirus and his confrontational style of name-calling political opponents as he fielded questions Thursday from select members of the public in his first TV town hall of the 2020 election cycle. Trump, who...
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FILE - In this Nov. 5, 2018, file photo, supporters of President Donald Trump wait for him to arrive to speak at a rally at Allen County War Memorial Coliseum, in Fort Wayne, Ind. Vice President Mike Pence has a favorite line when he introduces President Donald Trump at rallies. He says "it's been three years of promises made and promises kept” under Trump. Is it true? The Associated Press reviewed what's happened with Trump's key campaign promises. (AP Photo/Carolyn Kaster, File)
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February 23, 2020 - 7:44 am
WASHINGTON (AP) — “It's been three years of promises made and promises kept, but we’re just getting started, (insert state here)." That line from Vice President Mike Pence is a hallmark of how he introduces President Donald Trump to campaign rally audiences. Last week, he delivered versions at...
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The moon rises behind the ancient Acropolis hill with the 500 BC Parthenon temple in Athens, on Saturday, Feb. 8, 2020. (AP Photo/Petros Giannakouris)
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February 12, 2020 - 6:53 am
Greece's 10-year government bond yield has fallen below 1% for the first time, bolstering the country's effort to ease strict budget conditions set by bailout lenders. The yield dropped Wednesday to 0.957% but remains among the highest borrowing rates in the 19-country eurozone and roughly level...
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Greece's Prime Minister Kyriakos Mitsotakis, left, speaks with the European Commissioner for Economy Paolo Gentiloni during their meeting at Maximos Mansion in Athens, Thursday, Feb. 6, 2020. Gentiloni will have a series of meetings with Greek top officials in the context of the European Semester, the EU's cycle of economic and fiscal policy coordination among member states. (AP Photo/Thanassis Stavrakis)
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February 06, 2020 - 10:39 am
ATHENS, Greece (AP) — The European Union's new economy commissioner says Greece's bailout lenders are willing to discuss a request by Athens to ease strict budget targets that would help speed up the country's recovery. While visiting Athens Thursday, Paolo Gentiloni sai d discussions could begin...
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