There have been plenty of calls for a breakup of the Euro Zone but little action because of the perceived difficulty.
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Just to reiterate, we do -- first of all, I would say that there have been expressions of support from Congress for the concept of a no-fly zone, the concept of taking action in Libya.
Take the latest German-French missive, on December 7th: it speaks of euro-zone action on financial regulation, labour markets, a financial-transactions tax and the harmonisation of the corporate-tax base.
Mr. Siluanov said Russia had an agreement with the euro-zone countries to coordinate action, part of which would include Russia possibly easing the conditions of Cyprus's existing loan payments.
On Friday, Germany, the largest and most influential member of the euro zone, poured a degree of cold water on the hopes for more aggressive action by the ECB.
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The argument is that although the Bank of England may theoretically be making autonomous decisions, in practice its freedom of action will be completely constrained by the monetary policy of the much larger euro zone.
The US justice department argues that Bagram differs from Guantanamo Bay because it is in an overseas war zone and prisoners there are being held as part of ongoing military action.
Mr. Holloway and Deputy Mayor for Health and Human Services Linda Gibbs introduced the new flood-zone map Friday as part of the city's Hurricane Sandy After Action report, an overview of the emergency response to one of the worst storms in New York City's history.
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What was the case in Libya is that all those conditions were in place that created an opportunity where international, outside military action to prevent the slaughter of civilians, to enforce a no-fly zone, was an option that the international community could take.
The no-fly zone is a low-risk action with little ability to change the military reality that creates an impression of decisive action.
The recent ECB and BoJ policy statements have reduced the likelihood of a Euro-zone rate cut and has increased pressure on Governor Shirakawa at the BoJ to take further action.
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