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    Asian markets drift lower ahead of EU summit

    Sun, 06/24/2012 - 23:30 EDT - Yahoo! Business News
    • YahooBizNews

    Asian stocks mostly drifted lower Monday as investors grew cautious ahead of a critical European Union summit later this week where Greek leaders will attempt to renegotiate some terms of the country's international bailout.

    • Original article
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    • Asia stocks down after Spain asks for bank bailout

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    • World stocks fall on skepticism over Europe summit

    • Just how would David Cameron renegotiate ties with the EU? Officials say treaty changes difficult, if not impossible

      It is time for the British people to have their say. It is time for us to settle this question about Britain and Europe BRUSSELS — European officials and diplomats were left scratching their heads after David Cameron’s big speech on Wednesday, expressing confusion about how and when the prime minister expects to overhaul Britain’s ties to the European Union.

    • Fitch upgrades Greece as country gets back on track financially

      ATHENS — Ratings agency Fitch upgraded its sovereign credit rating for Greece by one notch on Tuesday, citing the country’s progress in cutting its budget deficit and the receding risk of its eurozone exit. After nearly crashing out of the euro last year and coming under attack for stalled reforms, Greece has won praise in recent months from its international lenders for getting back on track and pushing through unpopular austerity measures.

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    • Harsh Language from Lagarde: "IMF Has No Intention of Softening Terms"; From Head of Deutsche Bank: "Greece is a Failed Corrupt State"; Purposely Inflammatory Statements to Force Greece Exit

      Strong messages from the head or the IMF, the head of Deutsche Bank, and the president of the Bundesbank are highly likely to drive Greek voters away from New Democracy and Pasok in the June 17 elections. The Guardian writes It's payback time: don't expect sympathy – Lagarde to Greeks.

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