Germany Chancellor Angela Merkel described the ongoing euro zone crisis as the continent's “toughest hour” since World War II on Monday as new leaders in Italy and Greece hustled to form governments amid growing fears over their debt-hit economies.
REUTERS - German Chancellor Angela Merkel said on Monday that Europe could be living through its toughest hour since World War Two as new leaders in Italy and Greece rushed to form governments and limit the damage from the euro zone debt crisis.
EUROZONE DEBT CRISIS
- IMF warns of $152 trillion global debt time bomb
- Mozambique's reputation tarnished by hidden debt scandal
- Italy faces 'decades' of stagnant growth as banking crisis looms
- US territory Puerto Rico drowning in debt
- James Galbraith on Greece's debt crisis: ‘A default is inevitable’
- Landmark debt relief deal agreed for Greece
- Eurozone agrees ‘breakthrough’ debt deal with Greece
- Payback time (again) - Who's to blame for bad debt? (part 2)
- Payback time (again) - Greece and its debtors (part 1)
- Puerto Rico will default on $422 million payment, governor says
Date created : 2011-11-14