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Germany To Blame For Euro Zone Crisis: Study

500 Euro Note

Germany's insistence on keeping wage growth in check has given the country an unfair competitive advantage vis-à-vis its euro zone peers and is preventing troubled countries from returning to growth, a new study argues.

French Central Bank Chief Urges Spending Cuts

Francois Hollande Contemplates

The French central bank chief urged President Hollande and his government to stop hiking taxes and to cut government spending. His comments on Tuesday echoed ratings agency Standard & Poor's calls for France to make budget cuts to prevent a downgrade.