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EU summit in spotlight as debt crisis deepens
EU leaders debate “a big leap forward” to strengthen their union and save the euro at a two-day summit starting Thursday, but divisions may scuttle efforts to shore up the single currency. European Union heads of state and government gather from 3:00 pm (1300 GMT) as the debt crisis, now…
U.S. hopes for ‘accelerated action’ from Europe
WASHINGTON — The White House said Tuesday it hoped for “accelerated” action in coming weeks ahead of the G20 summit in Mexico, on the euro crisis and shoring up debt-ridden banks. “European leaders seem to be moving with a heightened sense of urgency and we welcome that. We are hoping…
Italy PM blames Germany, France for Euro debt crisis
Italian Prime Minister Mario Monti on Wednesday said the root of the eurozone’s debt woes lay partly in the irresponsible parenting ofGermany and France during the bloc’s infancy. Monti told reporters in Tokyo that because the eurozone’s two largest players had not abided by fiscal rules, they had set a bad example…
Geithner to visit Europe for debt crisis talks
US Treasury Secretary Timothy Geithner will travel to Europenext week for talks with authorities focused on fighting theeurozone debt crisis, the Treasury Department said Friday. Geithner “will travel to Europe December 6-8, 2011, for discussions with his counterparts on their efforts to reinforce the institutions of the euro area,” the department said in…
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