Hungary's Orban seeks to wipe out communist past

BUDAPEST (Reuters) - Steps away from Budapest's ornate Parliament building, hidden in a basement studio on a leafy street, art dealer Peter Pinter was holding the third of his hugely successful auctions, entitled 'Going once, going twice... gone for good.'

Strong demand for EU bail-out bond sale

The European Union enjoyed strong demand for its third bond to raise money for the rescues of Portugal and Ireland, in a sign of investors’ confidence that the eurozone can survive the debt crisis.

Despite rising concern over contagion, and the single currency coming under pressure this week, banks, pension funds, insurers and other investors from Europe and Asia, including some big sovereign wealth funds, bought the debt.