Germany, Europe’s economic leader, is voicing new pessimism that a broad agreement will be reached at a European Union summit this week to resolve the continent’s debt crisis. News agencies quoted an unnamed senior German government source Wednesday as saying that he is more pessimistic than a week ago that all 27 EU nations will […]
Germany Pessimistic About Broad European Debt Resolution
Posted December 7th, 2011 at 11:05 am (UTC-5)
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Geithner Gives Europe Vote of Confidence
Posted December 7th, 2011 at 6:20 am (UTC-5)
U.S. Treasury Secretary Timothy Geithner says he is confident the European Union will find its way out of a debt crisis that has sent jitters through financial markets across the globe. Geithner spoke after meeting with French Finance Minister Francois Baroin in Paris Wednesday. It is his latest stop on a tour intended to get […]
S&P Threatens Downgrade for Europe Bailout Fund
Posted December 6th, 2011 at 8:05 pm (UTC-5)
The Greek parliament has approved the 2012 austerity budget, which is a condition to get the next installment of an international bailout loan. A majority made up of socialists, conservatives and far-right nationalists passed the package of tough measures early Wednesday as European leaders came under growing pressure to curb the eurozone’s debt crisis. The […]
Obama Says ‘Make or Break’ Time for Middle Class
Posted December 6th, 2011 at 4:35 pm (UTC-5)
U.S. President Barack Obama has denounced economic inequality in the United States, pressuring Republican lawmakers during a time which he describes as a “make or break moment” for the middle class. Mr. Obama’s speech Tuesday in the Kansas town of Osawatomie was meant to echo a historic address given there by President Theodore Roosevelt some […]
S&P Threatens Downgrade for Europe Bailout Fund
Posted December 6th, 2011 at 1:05 pm (UTC-5)
The credit agency Standard & Poor’s is now threatening to downgrade the top rating of the bailout fund for Europe’s debt-ridden countries. S&P issued the warning Tuesday, a day after it placed 15 of the 17 nations that use the euro, including economic powerhouses Germany and France, on a negative credit watch. The credit agency […]
S&P Threatens Downgrade for Europe Bailout Fund
Posted December 6th, 2011 at 11:10 am (UTC-5)
The credit agency Standard & Poor’s is now threatening to downgrade the top rating of the bailout fund for Europe’s debt-ridden countries. S&P issued the warning Tuesday, a day after it placed 15 of the 17 nations that use the euro, including economic powerhouses Germany and France, on a negative credit watch. The credit agency […]
Merkel, Sarkozy Unite on EU Reform as S&P Threatens Downgrades
Posted December 6th, 2011 at 3:55 am (UTC-5)
German Chancellor Angela Merkel and French President Nicolas Sarkozy have renewed their push to tighten euro area economic cooperation after the credit agency Standard & Poor’s said it may downgrade ratings across the region. The leaders of Europe’s two largest economies late Monday “took note” of the S&P warning, saying Germany and France “in full […]
Merkel, Sarkozy Call for New EU Treaty to Solve Debt Crisis
Posted December 5th, 2011 at 8:45 pm (UTC-5)
French President Nicolas Sarkozy and German Chancellor Angela Merkel are calling for a new European Union treaty to control spending, in an effort to end Europe’s debt crisis and save the continent’s euro currency. The two leaders said after meeting in Paris Monday they want all 27 EU nations to agree that national government budgets […]
Merkel, Sarkozy Call for New EU Treaty to Solve Debt Crisis
Posted December 5th, 2011 at 3:05 pm (UTC-5)
French President Nicolas Sarkozy and German Chancellor Angela Merkel are calling for a new European Union treaty to control spending, in an effort to end Europe’s debt crisis and save the continent’s euro currency. The two leaders said after meeting in Paris Monday they want all 27 EU nations to agree that national government budgets […]
Merkel, Sarkozy Call for New EU Treaty to Solve Debt Crisis
Posted December 5th, 2011 at 12:35 pm (UTC-5)
French President Nicolas Sarkozy and German Chancellor Angela Merkel are calling for a new European Union treaty to control spending, in an effort to end Europe’s debt crisis and save the continent’s euro currency. The two leaders said after meeting in Paris Monday they want all 27 EU nations to approve changes under which national […]
