Reuters – Europe divided on Friday in a historic rift over building a closer fiscal union to preserve the euro, with an overwhelming majority of countries led by Germany and France agreeing to forge ahead with a separate treaty, leaving the EU’s third biggest economy Britain isolated.
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Europe moves ahead with fiscal union, UK isolated
(Reuters)
Reuters – Prime Minister Mario Monti, boosted by positive market reaction, takes a 30 billion euro austerity package to Italy’s parliament on Monday to help stem a debt crisis threatening to overwhelm the euro zone.
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Italy PM Monti unveils sweeping austerity package
(Reuters)
Reuters – Stocks surged on Wednesday after major central banks agreed to make cheaper dollar loans for struggling European banks to prevent the euro-zone debt woes from turning into a full-blown credit crisis.
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Wall St. rallies on central banks’ help for Europe
(Reuters)
Reuters – German bonds have so far been viewed as the last bastion of safety in the euro zone sovereign debt markets but some prices are beginning to suggest their allure will not be eternal.
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Insight: Even Germany not immune to euro zone crisis
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Reuters – Europe has a new informal leadership directorate intent on finding a solution to the euro zone’s debt crisis, but it has yet to prove its ability to come up with a lasting formula.
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Insight: Euro has new politburo but no solution yet
(Reuters)
Reuters – Prime Minister Silvio Berlusconi faced fresh calls to resign on Monday as markets turned on Italy, pushing its borrowing costs to dangerous new levels on renewed concern about a worsening of the euro zone crisis.
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Berlusconi urged to quit as bond yields climb
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Reuters – France lobbied on Sunday to overcome German opposition to giving the European Central Bank a central role in bolstering the euro zone’s bailout fund, arguing it was the only way to draw a definitive line under the widening debt problems.
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France seeks to sway German veto on ECB bailout role
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Reuters – Deep divisions between France and Germany mean they will make scant progress on strengthening the euro zone bailout fund at a summit on Sunday, in a sign that Europe’s leaders are still some way from getting a grip on the bloc’s debt crisis.
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Franco-German split over bailout fund threatens crisis plan
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Reuters – Former President Bill Clinton Saturday told Ireland’s Prime Minister and the cream of the country’s diaspora that he would host a summit in New York to help boost investment in the euro zone struggler.
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Bill Clinton offer to help Irish investment drive
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Reuters – European stock index futures fell and the euro dipped on Wednesday, as investors sought more signs that European leaders were tackling a debt crisis that threatens the financial system before committing bolder market bets.
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Rally in stocks, euro fades as debt crisis drags
(Reuters)