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Merkel in euroskeptic Poland in struggle to save EU

  WARSAW / AP German Chancellor Angela Merkel visits Warsaw on Tuesday for talks with Poland’s top leaders, taking efforts to save the European Union to a country that is keen to keep as much national power as possible and fears being marginalized in a “two-speed Europe.” Her trip is “one of the most important visits in Polish-German relations since ...

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Romanian government seeks loophole on corruption

  BUCHAREST / AP Romania’s government is on a high-risk mission: devise a legal and politically acceptable way to remove penalties for some types of official corruption. First, the government tried to effect the change by imposing an emergency decree without public debate. The move backfired badly, sparking massive demonstrations in the capital of Bucharest and other major cities that ...

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China’s central bank suspends reverse repos to drain liquidity

  Bloomberg China’s central bank refrained from offering reverse-repurchase agreements for the third day in a row, which resulted in a net withdrawal of funds from the financial system. The People’s Bank of China didn’t carry out the open-market operation because it aims to keep liquidity basically stable, and current levels are relatively high, according to a statement posted on ...

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