British Prime Minister David Cameron on Thursday renewed his call for eurozone leaders to take decisive action or face the break-up of the single currency over the Greek debt crisis. In a speech in the northwestern city of Manchester, Cameron urged core countries in the 17-member eurozone, of which Britain is not a member, and [...]
COMMENTARY | America is going to sit this one out. That’s the message that President Barack Obama is delivering in France this week for annual meeting of the Group of 20 leading economies. The annual pow-wow of world leaders to discuss economic issues will be overwhelmed with discussion about preserving the eurozone and the Greek [...]
ZURICH (Reuters) ? German Chancellor Angela Merkel and French President Nicolas Sarkozy are backing the candidacy of the head of Switzerland’s central bank to lead the Financial Stability Board, a newspaper reported on Sunday. The FSB, the G20′s regulatory task force, is charged with making sure bank regulations are strong enough to prevent another financial [...]
BRUSSELS/BERLIN (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. France and Germany said in a joint statement that [...]