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‘Worst is over’ in eurozone debt crisis says ECB chief

The worst is over in the eurozone debt crisis, but risks remain and it is up to governments to resolve them, European Central Bank chief Mario Draghi said in a newspaper interview Thursday. “The worst is over, but risks remain,” Draghi told the daily Bild, Germany’s most widely-read newspaper. “Key…

U.S. stocks tumble as high oil price weighs

NEW YORK — US stocks sank Monday as traders worried about the high price of oil and after the Group of 20 major economies snubbed Europe’s call for more aid to fight the eurozone debt crisis. The Dow Jones Industrial Average was down 54.00 points (0.42 percent) to 12,928.95 in…

Merkel, Sarkozy demand tough new eurozone pact

France and Germany want a new EU treaty by March with tougher budgetary rules to deal with the eurozone debt crisis, President Nicolas Sarkozy and Chancellor Angela Merkel said Monday. The two leaders made the announcement after crunch talks in Paris at the start of a crucial week for the…

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