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(Reuters) - Puerto Rico may sport palm trees, pristine beaches and glorious weather but its tourism industry is losing out to rival Caribbean islands - and that is holding the U.S. territory back at a time when its deeply troubled economy most needs a fillip.
SANTA CRUZ, Bolivia (Reuters) - Pope Francis on Thursday urged the downtrodden to change the world economic order, denouncing a "new colonialism" by agencies that impose austerity programs and calling for the poor to have the "sacred rights" of labour, lodging and land.
THE HAGUE (Reuters) - Eurogroup President Jeroen Dijsselbloem said euro zone finance ministers may make a "major decision" when they hold a special meeting on Saturday to weigh a new Greek proposal for emergency funding.
LONDON (Reuters) - Greece might be spared the decade-long legal battles Argentina faced if it ends up restructuring its debt, although lawyers say vulture funds might still hold Athens to ransom.
BRUSSELS (Reuters) - The euro zone's rescue fund, Greece's largest creditor, said on Friday it reserved the right to call in 130.9 billion euros in debt ahead of schedule after Athens defaulted this week on an International Monetary Fund loan.
ATHENS (Reuters) - The European Central Bank raised the cap on emergency liquidity assistance (ELA) that Greek banks can draw from the country's central bank by 1.1 billion euros, taking the ceiling to 80 billion euros (£57.5 billion), two banking sources told Reuters on Tuesday.
LONDON (Reuters) - Billionaire financier George Soros has urged the West to step up aid to Ukraine, outlining steps towards a $50 billion (33.22 billion pounds) financing package that he said should be viewed as a bulwark against an increasingly aggressive Russia.
BERLIN (Reuters) - German Chancellor Angela Merkel said on Thursday that Europe could not consider lifting sanctions against Russia until all elements of a 12-point peace agreement signed in September between Ukraine and pro-Russian rebels were fully implemented.
ATHENS (Reuters) - Greece's anti-bailout Syriza party has widened its lead over Prime Minister Antonis Samaras' co-ruling conservatives ahead of a Jan. 25 snap election, two polls showed on Friday.