TODAY’S TOP ARTICLES – 19 DEC 2013

United States: Fed cuts bond buying in first step away from historic stimulus
On Wednesday the Fed announced that it will finally start winding down its asset purchase program. Prompted by economic improvements in recent months, the Fed will modestly reduce the pace of its purchases starting in January 2014.

Thailand: Thai protesters march in bid to oust PM, take aim at U.S.
Thousands of protesters marched in Bangkok to force the Prime Minister Yingluck Shinawatra to resign. That said, Reuters points out that the number of protesters diminished sharply compared to the previous month.

Europe: Eurozone ministers agree banking deal ahead of summit
According to BBC News, EU leaders reached an agreement on how to respond to closing banks. The plan includes a Single Resolution Fund of EUR 55 billion—provided by the banking sector—and an body to monitor all financial entities in the Eurozone.

Germany: Merkel’s Europe Fix Has Few Takers
Angela Merkel recently assumed the Chancellor Office and in her inaugural speech she offered, according to the WSJ, a familiar remedy for Europe: More Europe. The newspaper, however, states that few in Europe may be willing to follow the German leader.

India: Chidambaram, markets take Fed tapering in stride
Reuters publishes an article in which India’s Finance Minister P. Chidambaram said the country is better prepared than it was months ago to deal with the Federal Reserve’s reduction of its monetary stimulus.

For latest economic indicators from around the world, please visit us at FocusEconomics.

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