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A TV chef abandons unaffordable beef. Blackouts make for sweltering summer nights. Changing money feels like a drug deal: The financial meltdown means daily pain and a blow to a country’s pride.
In the latest sign of renewed market confidence, Portugal paid sharply lower interest rates and recorded strong market demand on Wednesday.
Dozens of people have been arrested as protesters clashed with police outside Lebanon's central bank amid a worsening financial crisis.
The Europe Union is to tighten regulation of financial markets under a deal to prevent any repetition of the factors that triggered the GFC.
Less than 10 per cent of Australian voters believe that a second global financial crisis can be avoided, a survey has found.
IMF chief Dominique Strauss-Kahn said in a newspaper interview on Friday that he did not expect Ireland to call on a European rescue fund to help the country cope with its financial crisis.
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Mortgage stress in Australia has surged to its highest level since the global financial crisis, as ASIC reports that one-third of borrowers abandon the arduous process for financial assistance.
The Turkish lira has dived further with the financial crisis spreading to the Asian markets.
Treasury's latest budget outlook vindicates the government's response to the global financial crisis and confirms Labor as the better economic managers, Treasurer Wayne Swan says.
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