A new chill between Harper and Mulroney? – Surrey Leader + MORE Sep 6th

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WASHINGTON – For the struggling Spanish shopkeeper or the Portuguese restaurant owner, the European Central Bank’s latest economic stimulus plans won’t likely provide much relief anytime soon.
If ever.
Confronting a stalled economy and painful unemployment across Europe, the ECB is doing what it can. It surprised economists and investors Thursday by cutting its benchmark interest rate to a record-low 0.05 per cent. And it announced plans to pump money into the financial system by buying bonds backed by assets such as auto and credit-card loans.
But Europe faces a crushing array of problems — from burdensome regulations to growth-killing budget policies — that analysts say remain beyond the ECB’s powers to fix.
“Monetary policy cannot carry the entire burden of reviving growth in the absence of essential broad-ranging structural reforms,” said Eswar Prasad, professor of trade policy at Cornell University.
Among the businesses and individuals who in theory might benefit eventually from the ECB’s actions, optimism is scarce…

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A man pays for a money-back warranty on a TV if he makes no claims. Then he finds it’s only a credit, must be used in 90 days and requires extra spending.

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A new chill between Harper and Mulroney?Surrey LeaderPrime Minister Stephen Harper holds a closing press conference at the NATO Summit in Newport, Wales on Friday, September 5, 2014. THE CANADIAN PRESS/Sean Kilpatrick. — image credit: Tweet. by Canadian Press – BC Local News; posted Sep 5 …and more »

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A new chill between Harper and Mulroney?Surrey LeaderPrime Minister Stephen Harper holds a closing press conference at the NATO Summit in Newport, Wales on Friday, September 5, 2014. THE CANADIAN PRESS/Sean Kilpatrick. — image credit: Tweet. by Canadian Press – BC Local News; posted Sep 5 …and more »

Continue Reading On Surreyleader.com »

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