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Europe urges Greece to do more, delays bailout cash

Europe delayed the release of bailout funds to Greece on Tuesday, demanding Athens make more sacrifices and warning banks may have to share more of the pain in the crisis threatening theeurozone. Stock markets tumbled after European finance ministers said Greece could wait until early November to receive 8.0 billion euros, the next…

French budget targets deficit but growth uncertain

The French government on Wednesday presented a 2012 austerity budget, promising to balance strained public finances but warning that eurozone debt “turbulence” could yet derail timid growth. France’s public deficit will reach 5.7 percent of gross domestic product this year, before dropping to 4.5 percent in 2012 and then to the European Union limit of 3.0…

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