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Spain Busts Huge Euro Forgery Network

Spanish police broke up one of the biggest forging scams in Europe, seizing 1.5 million euros ($2 million) in fake bank notes and arresting dozens of suspects, officials said on Tuesday.

"It is one of the biggest acts of forgery in Europe in terms of the quality and the amount of money printed," a statement from the national police said.

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Report: France Rejects Leading UNIFIL Mission Fearing ‘Situation Might Deteriorate’

France has renounced leading the United Nations Interim Force in Lebanon fearing that its contingent would be a possible target of attacks if the situation on the border deteriorated, according to a report published in Le Figaro Newspaper on Saturday.

“It is better to stay in the shadows when the French diplomacy is taking a major role in the campaign on the Syrian regime,” military sources told the newspaper.

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Global Market Euphoria Runs Out of Steam

A rally on global markets stalled Thursday as euphoria over major central banks' coordinated cut to borrowing costs wore off and investors sought confirmation that European leaders will next week deliver a long-term solution to the debt crisis.

Markets had jumped on Wednesday when the central banks of Europe, the U.S., Britain, Canada, Japan and Switzerland made it cheaper for banks to borrow dollars, helping them to operate smoothly at a time of tight credit. China's central bank also acted to release money for lending and shore up growth by lowering bank reserve levels for the first time in three years.

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Eurozone Turns to IMF for More Help in Debt Crisis

Eurozone finance ministers turned to the IMF for more help to keep the monetary union together late Tuesday after they missed their goal of boosting their own bailout fund to one trillion Euros.

With fears rising that Italy will need a bailout after its borrowing costs soared to record heights, ministers scrambled to tame a debt crisis threatening to break apart the 17-nation Eurozone.

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Spain's New Leader Faces Wrath of Markets

For the leader of Spain's right, Mariano Rajoy, winning Sunday's elections may prove to be the easy part: now he has to win over the markets.

Rajoy will have to show he can trim Spain's bulging budget, and quickly, or risk the same fierce financial pressures that forced governments in Ireland, Portugal, Greece and Italy from power.

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Dancing in the Street as Spanish Right Celebrates Landslide Win

Spain's right stormed to its biggest election win ever Sunday, unleashing dancing in the street by voters desperate for an end to soaring unemployment and a eurozone debt storm.

Mariano Rajoy, the bearded 56-year-old leader of the conservative Popular Party, gave a modest jump for joy as he proclaimed victory.

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Spaniards Vote as Right Heads to Crushing Victory

Spaniards voted in rain-swept elections Sunday that were all but certain to hand a thundering victory to the right and topple yet another debt-laden eurozone government.

Bowed by a 21.5 percent jobless rate, economic stagnation and deep spending cuts, the first voters of the 36 million-strong Spanish electorate headed to polls ready to punish the ruling Socialists.

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Stalled Spanish Economy Veers Towards Recession

Record unemployment, stalled growth and debt-struck households and businesses: Spain has a long road to travel before it can put the 2008 property bubble collapse behind it.

For years, that bubble drove Spain's rapid economic growth: 3.3 percent in 2004, the year that Socialist Prime Minister Jose Luis Rodriguez Zapatero came to power.

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Shattered Dreams Haunt Life in Spanish Ghost Towns

"A town to live in!" boasts the faded sign in the Spanish town of La Muela, overlooking a new road.

The irony is bitter.

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Drag Race: Transvestite Birds win Competition for Sex

In a species of hawk, males dress themselves up as females to gain a sneaky advantage in the mating game, according to an unusual study published Wednesday.

Most male marsh harriers (Circus aeruginosus) are grey, but more than a third have permanent plumage that mimics the colors of females, which are mainly brown with a white head and shoulders.

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