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Because asset sales are one-off, that will make it harder for Germany to get below the ceiling on borrowing in 2005 set by the euro area's stability pact.
ECONOMIST: German reforms
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Cases like Roper and Lawrence fit squarely into that area of overseas law most sought after for borrowing by the more liberal justices of the court -- that is, the realms of moral or social policy.
WSJ: Sotomayor and International Law
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In the euro area, it is much harder to turn capital gains into cash by borrowing more as home prices rise or to benefit from falling interest rates by refinancing fixed-rate mortgages, both of which have given a big boost to American household spending.
ECONOMIST: The European Central Bank
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Spain's borrowing costs have been rising as investors in the bond market fear it could become the next euro area nation to fall victim to the debt crisis.
CNN: Spain faces bank concerns after downgrade