Italian authorities say packages containing bullets have been mailed to Italy’s justice minister and the mayor of Rome, in the latest cases of threatening letters sent to European governments and banking offices in recent days. Italian police, on the alert for suspicious mail, discovered two packages containing the bullets at Rome postal facilities on Monday. […]
Bullets Mailed to Italy’s Justice Minister, Rome’s Mayor
Posted December 12th, 2011 at 1:00 pm (UTC-5)
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Moody’s Critical of ‘Absence of Decisive Measures’ in Europe
Posted December 12th, 2011 at 11:05 am (UTC-5)
The international rating agency Moody’s said Monday it is still reviewing the creditworthiness of European countries, because of what it called the “continued absence of decisive policy measures” to address economic and debt problems at last week’s European summit. The agency says “the euro area, and the wider EU, remain prone to further shocks.” It […]
New ‘Fiscal Discipline’ Treaty in Eurozone Crisis
Posted December 9th, 2011 at 7:10 pm (UTC-5)
Most members of the European Union agreed Friday to a new deal that will increase central control over individual government budgets. The plan is an effort to address the debt problems that have threatened the common euro currency and driven Europe into an economic crisis. All 17 EU members that use the euro agreed to […]
New ‘Fiscal Discipline’ Treaty in Eurozone Crisis
Posted December 9th, 2011 at 11:40 am (UTC-5)
Most members of the European Union agreed Friday to a new deal that will increase central control over individual government budgets. The plan is an effort to address the debt problems that have threatened the common euro currency and driven Europe into an economic crisis. All 17 EU members that use the euro agreed to […]
New Treaty for Eurozone, But Britain Opposed
Posted December 9th, 2011 at 9:30 am (UTC-5)
Most European leaders agreed to a proposed revision of EU treaties to require more budget discipline and other measures designed to address the continent’s debt crisis. All 17 EU members that use the common euro currency agreed to the plan, promoted by Germany and France, at an EU summit Thursday and Friday. Some non-eurozone countries […]
New Treaty to Save Euro Splits EU
Posted December 9th, 2011 at 8:30 am (UTC-5)
((New lead, info thruout) European leaders pledged stricter budget discipline Friday to tackle the continent’s debt crisis, but could not agree on an EU treaty change prompted by the situation. France and Germany failed to persuade all 27 EU members to agree on the change during a summit in Brussels. Paris and Berlin wanted to […]
EU Treaty Change Bid Collapses
Posted December 9th, 2011 at 1:35 am (UTC-5)
The 27 members of European Union have failed to agree on a change to the EU treaty that would impose tighter rules on national fiscal policy. Officials say an agreement involving all 27 members fell through Friday at the summit in Brussels after British Prime Minister David Cameron demanded concessions that Germany and France were […]
European Leaders Agree ‘In Principle’ On Fiscal Pact
Posted December 8th, 2011 at 8:30 pm (UTC-5)
European Union leaders meeting in Brussels have agreed “in principle” to ask member states to maintain balanced budgets and to penalize offenders. But officials say the new fiscal rules still leave room for country-specific circumstances that would be taken into account before a new “automatic” correction mechanism applies. Some officials have described the European summit […]
European Debt Crisis Summit Starts
Posted December 8th, 2011 at 3:45 pm (UTC-5)
European leaders have started a two-day summit in Brussels in the latest effort to resolve the continent’s debt crisis and save the euro. Some officials have described the European summit as a moment of reckoning for the common currency, under siege by Europe’s burgeoning debt crisis. But before the meeting opened Thursday night, there remained […]
Europe Faces Financial Reckoning in Brussels
Posted December 8th, 2011 at 1:45 pm (UTC-5)
European leaders are gathering in Brussels Thursday for a two-day summit that could determine the fate of the euro. Some officials have described the European summit as a moment of reckoning for the common currency, under siege by the continent’s ballooning debt crisis. But before the meeting opened, there remained a divergence of opinion on […]
