TOP NEWS By RACHEL DONADIO and NIKI KITSANTONIS Prime Minister George Papandreou canceled his controversial plan to hold a popular referendum on the European debt deal, saying the plan served its purpose by creating a broader consensus behind the deal. By JACK EWING In Mario Draghi's first meeting as president, the bank lowered Europe's benchmark rate to 1.25 percent amid gloomy economic reports and tension over Greece. By FLOYD NORRIS There is little reason to think that Greek citizens will be more cooperative in austerity now that it has been made clear their opinions are irrelevant to the people who run Europe. By CHRISTINE HAUSER and DAVID JOLLY Markets responded positively to the move by the European Central Bank to help stimulate growth. DealBook By SUSANNE CRAIG, BEN PROTESS and MICHAEL J. DE LA MERCED For four months, regulators issued warnings that MF Global needed to raise more capital, but the firm's chief executive, Jon S. Corzine, resisted. |
| Multimedia Greece calls off its referendum as the Group of 20 leaders meet in Cannes, France; and Herman Cain accuses his rival Rick Perry of a smear campaign. Opinion Opinionator By EZEKIEL J. EMANUEL These conservative and liberal plans for cutting health care spending are dead ends. |
BUSINESS DealBook By MICHAEL J. DE LA MERCED and SUSANNE CRAIG The volatility comes as Jefferies fights heightened fears about its exposure to European debt since the bankruptcy of MF Global. DealBook By DAVID JOLLY BNP Paribas, the largest French bank, said it was writing off 60 percent of the value of its Greek debt holdings, a belated acknowledgement that the loans were largely unrecoverable. DealBook By BEN PROTESS and AZAM AHMED The top regulator tasked with overseeing the bankrupt brokerage firm said that the search continues for more than $630 million in missing customer funds. DealBook By JULIA WERDIGIER Robert E. Diamond Jr., the Barclays chief executive, is expected to say in a speech that banks should "accept responsibility for what has gone wrong," a shift from his criticism of "the blame game" earlier this year. Bits Blog By CLAIRE CAIN MILLER Google made an unusually wide-reaching change to its search algorithm to show more real-time results. |
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