European leaders have approved a new, permanent $661 billion bailout fund to help rescue the continent’s debt-ridden countries, but are still faced with resolving other difficult economic issues at their first 2012 summit. The heads of state met in Brussels Monday and witnessed an immediate reminder of the continent’s financial woes. Belgian workers staged their […]
EU Leaders Trying to Control Spending, Cope with Greek Debt
Posted January 30th, 2012 at 11:55 am (UTC-5)
European leaders have started their first 2012 summit in Brussels, aiming to set new spending controls over individual governments, but also facing reminders of the continent’s economic difficulties. In a driving snowstorm, Belgian workers Monday staged the country’s first general strike since 2005 to protest the austerity measures imposed in their country. Some flights were […]
EU Leaders Trying to Control Spending, Cope with Greek Debt
Posted January 30th, 2012 at 10:30 am (UTC-5)
European leaders have started their first 2012 summit in Brussels, aiming to set new spending controls over individual governments, but also facing reminders of the continent’s economic difficulties. In a driving snowstorm, Belgian workers Monday staged the country’s first general strike since 2005 to protest the austerity measures imposed in their country. Some flights were […]
Cold Weather Kills 14 Across Europe
Posted January 30th, 2012 at 9:35 am (UTC-5)
Freezing weather has killed at least 14 people throughout eastern Europe as temperatures plummeted over the past few days and are expected to drop even further. Police in Poland said Monday at least 10 people froze to death as the cold weather dropped to minus 26 Celsius. Authorities say until now, the winter in the […]
EU Leaders to Discuss Bailout Fund, Deficit Controls
Posted January 30th, 2012 at 7:15 am (UTC-5)
European leaders are set to discuss new rules for controlling deficits and a proposed bailout fund, as they work to find a solution to the continent’s sovereign debt crisis. The European Union says it expects leaders at its summit Monday in Brussels to sign off on a new permanent rescue fund for countries that use […]
EU Leaders to Discuss Bailout Fund, Deficit Controls
Posted January 30th, 2012 at 4:20 am (UTC-5)
European leaders are set to discuss new rules for controlling deficits and a proposed bailout fund, as they work to find a solution to the continent’s sovereign debt crisis. The European Union says it expects leaders at its summit Monday in Brussels to sign off on a new permanent rescue fund for countries that use […]
Greece: ‘One Step Away’ from Debt Deal
Posted January 27th, 2012 at 3:15 pm (UTC-5)
Greece says it is “one step away” from completing an agreement with its private creditors to cut $130 billion of its debt. Greek Finance Minister Evangelos Venizelos gave the optimistic assessment of the country’s negotiations with major financial institutions as he and Prime Minister Lucas Papademos started another round of talks late Friday. Greece is […]
European Leaders Optimistic on Greek Debt Deal
Posted January 27th, 2012 at 1:05 pm (UTC-5)
European officials are voicing optimism that Greece will soon complete an agreement with its private creditors to cut $130 billion of its debt. European Union economic chief Olli Rehn told the world’s elite business leaders meeting at the Swiss ski resort of Davos on Friday that Greece is “very close to a deal,” perhaps in […]
Karzai Meets Sarkozy After France Threatens Afghan Withdrawal
Posted January 27th, 2012 at 7:05 am (UTC-5)
Afghan President Hamid Karzai meets with French President Nicolas Sarkozy Friday, a week after the French leader threatened to pull his troops out of Afghanistan early. During talks in Paris, President Karzai is expected to sign a long-term strategic agreement outlining France’s role in Afghanistan after all international troops leave the war-torn country in 2014. […]
Greece to Resume Debt Lowering Talks Friday
Posted January 27th, 2012 at 3:35 am (UTC-5)
Greek officials will resume talks with top bank negotiators Friday aimed at lowering the country’s debt owed international private lenders. Officials close to the negotiations told reporters that progress was made late Thursday during talks, which they said focused on technical and legal issues. Previous talks have failed to resolve what interest rate the large […]
