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European Central Bank has its key interest rate Thursday in a continuing effort to fight inflation. Rate is the ECB 1.50% now, up from the previous set 1.25% rate in April. In a press conference following the announcement , ECB President Jean-Claude Trichet said, it is of "paramount importance" , which the rise in inflation , under the direction of higher energy prices, do not be broad-based. Global investors look closely the language of central bankers for code words, the possible changes in monetary policy down the road. In June, "very vigilant" Trichet said about inflationary pressures -that today's rate increase hardly surprise made. On Thursday this language do not repeat Trichet. At a press conference reporter throwing him with questions about the debt crisis before the so-called periphery countries Europe's Greece, Ireland, Portugal and Spain. Higher interest rates make it more expensive for these countries their debts to pay off. Trichet...

Dutch Finance Minister Jan Kees de Jager in the euro-zone Finance Ministers meeting in Luxembourg on June 20.kumuliertes Dutch Minister of finance position moves; Change is strong political opposition in the Netherlands to further support for GreeceDutch calls for the participation of the private sector in relief PackageThere is a high stakes tussle between European finance ministries and major rating agencies Jan Kees de Jager , who called for Dutch Finance Minister private sector owner of the Greek government debt to take part in a second debt relief support package be forced. Mr de Jager said it was "unrealistic" to expect significant voluntary participation in such a plan, and said compulsory participation should be considered, even if it led to downgrade Greece credit rating agencies . "I think we have to accept that a voluntary contribution is not realistic," Mr de Jager told the Dutch newspaper Financieele Dagblad after a meeting on Wednesday in London ...

PyeongChang, South Korea is selected, for the winter Olympics GamesSouth Korea 2018 hosted three editions of the winter winter GamesMunich has tried never hosted the first city in the summer and winter Olympic host will dem were in PyeongChang, South Korea, early Thursday as the city to host the Olympic Games was named in 2018, deafening applause. Thousands of South Koreans gathered at the foot of a ski jump far beyond midnight, a passionate display of excitement that picnic Fireworks, singing, dance, and Kimchi--contain the traditional Korean side dish. "This is the victory of the Korean people," said President Lee Myung-bak in Durban, South Africa, Wednesday, where the decision was announced. "I thank you all," he added. PyeongChang County beat two other bid cities: Munich, France, Germany, and Annecy. Their slogan for the Winter Olympics is "New Ho(e)rizonte"."" PyeongChang errors just in his bids for 2010 and 2014 Winter Games, with three ...

President Obama speaks during a Twitter town hall meeting, where he answered questions sent through Twitter. NEW: Senate Republican leader says his party's positions are "common sense" President Obama argues for ending Bush-era tax cuts for the wealthy Congressional negotiators need to put their "sacred cows" aside, Obama saysTalks with congressional leaders are set for Thursday at the White House President Barack Obama said Wednesday he wants a deal with Congress in the next two weeks to tackle mounting deficits and allow an increase in the federal debt ceiling , but he didn't rule out using a constitutional argument to increase how much money the government can borrow. "I don't think we should even get to the constitutional issue ," Obama said during a Twitter town hall at the White House in response to a tweeted question on whether he would rely on a clause in the Fourteenth Amendment to unilaterally raise the debt ceiling . The debt...