François Hollande steals the show at his first late-night EU summit but the ball remains firmly in Angela Merkel’s court. Her constituents remain torn between paying for pain they don’t (yet) feel and shouldering the blame for an eventual collapse of the euro.
European leaders gathering for an EU policy summit Wednesday night said they were committed to Greece remaining in the eurozone and following its austerity programme. France also defended euro bonds, despite German opposition to the idea.
French President François Hollande and German Chancellor Angela Merkel remained in disagreement over solutions to Europe's debt crisis, specifically on the issue of euro bonds and Greece, as they joined other EU leaders for a key summit Wednesday.
The OECD said Tuesday that the fragile developed world recovery led by the US and Japan could be stifled if Europe fails to contain the crises of the debtor states.
The world’s most powerful leaders held talks at the G8 summit on Saturday with the eurozone crisis top of their agenda. Francois Hollande’s call for growth won him some powerful allies as he battles against Germany’s insistence on austerity.
Talks to form a new Greek government collapsed last Tuesday, forcing the country's president to call new elections in June. Greece faces weeks of instability and threatens to plunge the whole of the eurozone in a new crisis. Has Greece become ungovernable? Christophe Robeet speaks to Anni Podimata, Vice-President of the European Parliament and member of the Greek Socialist party.
G8 leaders meeting in the United States were to focus on Europe's debt crisis on Saturday, as President Barack Obama aligned himself with new French President François Hollande’s drive for more economic stimulus.
European shares tumbled and the euro hit a four-month low against the dollar on Friday, a day after Moody’s rating agency downgraded 16 Spanish banks in a move that unnerved investors amid growing concern over the eurozone debt crisis.
As leaders from the world's biggest economies get ready for this weekend's G8 summit in the US, some emerging market countries might be asking themselves if they want to take economics lessons from Europe. Zero (or below zero) growth, crippling debt, and a common currency constantly under threat....Europe's economy is the crisis that never went away. Laura Baines' panel discusses what, if anything, can be done to fix it.
As leaders from the world's biggest economies get ready for this weekend's G8 summit in the US, some emerging market countries might be asking themselves if they want to take economics lessons from Europe. Zero (or below zero) growth, crippling debt, and a common currency constantly under threat....Europe's economy is the crisis that never went away. Laura Baines' panel discusses what, if anything, can be done to fix it.
