Reuters – The leaders of Germany and France have promised to unveil new measures to solve the euro zone’s debt crisis by the end of the month, as international pressure builds for bold steps from Europe to avert an economic backlash of global proportions.
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Reuters – German Chancellor Angela Merkel will thrash out differences with French President Nicolas Sarkozy on Sunday over how to use the euro zone’s financial firepower to counter a sovereign debt crisis threatening the global economy.
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Reuters – German Chancellor Angela Merkel will thrash out differences with French President Nicolas Sarkozy Sunday over how to use the euro zone’s financial firepower to counter a sovereign debt crisis threatening the global economy.
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AP – The Obama administration is urging European leaders to deal more forcefully with a debt crisis that could significantly damage the U.S. and global economy.
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Reuters – More than three years after the financial crisis struck, the economy remains stuck in a consumer debt trap. It’s a situation that could take years to correct itself. That’s why some economists are calling for a radical step: massive debt relief.
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Everyone is wondering when the lifeblood of the American economy, the consumer, is going to stop saving and paying debts, and start spending again. In a recent note, Deutsche Bank shared some thoughts on this pressing question, gathered from Q2 data in the Federal Reserve’s Flow of Funds Report. They looked at debt as...
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Reuters – European policymakers began working on new ways to stop fallout from Greece’s near-bankruptcy from inflicting more damage on the world economy after stinging criticism for failing to stem the debt crisis.
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AP – China’s central bank governor says Beijing will keep its policies focused on keeping inflation in check, while hoping to see European economies act to resolve their debt crisis.
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Reuters – European policymakers, stung by criticism for failing to stem the euro zone debt crisis, face the tough task of quickly stopping fallout from Greece’s near-bankruptcy from spreading into the world economy.
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Global finance officials pledged on Saturday to take bolder moves to confront a European debt crisis that threatens to plunge the world into another deep recession. But sharp disagreements about exactly what to do can’t offer much reassurance to markets rocked by uncertainly in recent weeks. » E-Mail This » Add to Del.icio.us
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AP – The world’s economic powers struggled on Friday to get on top of a European debt crisis that is threatening to dump the global economy back into recession.
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Reuters – Talk of a possible Greek default gained pace on Friday while a pledge by the world’s major economies to prevent Europe’s debt crisis from undermining banks and the global economy failed to lift financial markets for long.
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