• Reuters: Congressional action needed to prevent 2% payroll tax increase
• IOL: Basel Banking Committee seeks higher international bank reserves
• UK Guardian: Britain hesitates on £25 billion IMF loan for Eurozone
• NYT: Saudi Prince spends $300 million on Twitter investment
• Bloomberg: Loan default ratio in Spain has reached 7.42%
• The Economist: Indian GDP growth has declined 3.1-4.1% to 6.9%
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