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 1:05 pm (UTC-5)
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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 […]
Merkel, Sarkozy Meet on Debt Crisis Proposal
Posted December 5th, 2011 at 10:40 am (UTC-5)
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 […]
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 […]
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 […]
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 […]
