French President Nicolas Sarkozy and German Chancellor Angela Merkel said Monday they want 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 held a working lunch in Paris and vowed to strengthen EU financial oversight over the budgets of […]
Merkel, Sarkozy Meet on Debt Crisis Proposal
Posted December 5th, 2011 at 10:40 am (UTC-5)
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Italy’s PM Sells Austerity Measures to Politicians
Posted December 3rd, 2011 at 1:30 pm (UTC-5)
Italian Prime Minister Mario Monti met with party leaders Saturday to build support for his proposed austerity measures as European leaders work to confront the continent’s debt crisis. The government has not officially released details of the measures, but they are believed to include a mix of cuts and tax rises and an increase to […]
Obama Welcomes Drop in National Unemployment
Posted December 2nd, 2011 at 3:05 pm (UTC-5)
U.S. President Barack Obama has welcomed news that the national unemployment rate fell last month, but he warned of a “significant blow” to the economy if Congress fails to extend payroll tax cuts and renew unemployment benefits. The Labor Department on Friday said the unemployment rate for November was 8.6 percent, the lowest level in […]
German Chancellor Sees European ‘Fiscal Union’
Posted December 2nd, 2011 at 2:30 pm (UTC-5)
German Chancellor Angela Merkel is calling for a European “fiscal union” with stringent spending oversight to resolve the continent’s debt crisis and save the common euro currency. Ms. Merkel told the German parliament Friday that significant European Union treaty changes need to be made to enforce spending limits throughout the 27-nation bloc, and to punish […]
Obama Welcomes Drop in National Unemployment
Posted December 2nd, 2011 at 1:50 pm (UTC-5)
U.S. President Barack Obama has welcomed news that the national unemployment rate fell last month, but warned of a “significant blow” to the economy if Congress fails to extend payroll tax cuts and renew unemployment benefits. The Labor Department on Friday said the unemployment rate for November was 8.6 percent, the lowest level in more […]
US Unemployment Rate Drops Sharply
Posted December 2nd, 2011 at 11:55 am (UTC-5)
The U.S. economy received a boost of good news Friday, after the U.S. Labor Department said the national unemployment rate dropped last month to the lowest level in more than two years. U.S. stocks rose in early trading Friday, after government statistics showed the jobless rate for November was 8.6 percent, a drop of four-tenths […]
German Chancellor Sees European ‘Fiscal Union’
Posted December 2nd, 2011 at 11:15 am (UTC-5)
German Chancellor Angela Merkel is calling for a European “fiscal union” with stringent spending oversight to resolve the continent’s debt crisis and save the common euro currency. Ms. Merkel told the German parliament Friday that significant European Union treaty changes need to be made to enforce spending limits throughout the 27-nation bloc, and to punish […]
US Unemployment Rate Drops Sharply
Posted December 2nd, 2011 at 9:55 am (UTC-5)
The U.S. unemployment rate dropped to the lowest level in more than two years in November. Friday’s report from the Labor Department says the jobless rate was 8.6 percent, a drop of four-tenths of a percent from the prior month. The data also show that the U.S. economy had a net gain of 120,000 jobs. […]
German Chancellor Says European Countries to Create Fiscal Union
Posted December 2nd, 2011 at 6:00 am (UTC-5)
German Chancellor Angela Merkel said in a speech to parliament Friday that European nations are moving toward a “fiscal union” with more stringent budgetary oversight in order to deal with the eurozone debt crisis. Chancellor Merkel’s comments came hours after French President Nicolas Sarkozy announced Thursday night that he and Ms. Merkel, as the leaders […]
Sarkozy Says France, Germany Will Offer Debt Crisis Plan
Posted December 1st, 2011 at 4:35 pm (UTC-5)
French President Nicolas Sarkozy says that France and Germany will offer a new plan next week to rescue Europe from its debt crisis to save the common euro currency. Mr. Sarkozy said Thursday night that he and German Chancellor Angela Merkel, the leaders of Europe’s two biggest economies, would make proposals on Monday to “guarantee […]
