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 […]
Europe Faces Financial Reckoning in Brussels
Posted December 8th, 2011 at 11:20 am (UTC-5)
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Europe Faces Financial Reckoning in Brussels
Posted December 8th, 2011 at 10:05 am (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 […]
Europe Faces Financial Reckoning in Brussels
Posted December 8th, 2011 at 6:50 am (UTC-5)
European leaders are preparing to meet in Brussels Thursday for the start of a 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 as the opening of the meeting draws […]
Europe Faces Financial Reckoning in Brussels
Posted December 8th, 2011 at 2:40 am (UTC-5)
European leaders are preparing to meet in Brussels Thursday for the start of a summit the 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 as the opening of the meeting draws […]
Obama Calls Merkel on EU Economy
Posted December 7th, 2011 at 8:45 pm (UTC-5)
U.S. President Barack Obama spoke with German Chancellor Angela Merkel by telephone Wednesday on ways to resolve Europe’s debt crisis which is affecting the global economy. The White House said President Obama and the German chancellor agreed on the need to find a lasting and credible solution for the eurozone crisis. The U.S. president has […]
Obama Calls Merkel On EU Economy
Posted December 7th, 2011 at 7:15 pm (UTC-5)
U.S. President Barack Obama spoke with German Chancellor Angela Merkel by telephone Wednesday on ways to resolve Europe’s debt crisis which is affecting the global economy. The White House said President Obama and the German chancellor agreed on the need to find a lasting and credible solution for the eurozone crisis. The U.S. president has […]
German, French Leaders Call for Quick Action on Debt Crisis
Posted December 7th, 2011 at 1:10 pm (UTC-5)
Germany and France are pressing their case that European leaders need to act quickly to resolve the continent’s debt crisis and save the common euro currency. German Chancellor Angela Merkel and French President Nicolas Sarkozy detailed their plan Wednesday to end the two-year debt contagion in a letter to European Council President Herman Van Rompuy, […]
Germany Pessimistic About Broad European Debt Resolution
Posted December 7th, 2011 at 11:05 am (UTC-5)
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 […]
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 […]
