Fri, 06/29/2012 - 04:00 EDT - NPR - National Public Radio (Business News)
European leaders worked through the night at a summit in Brussels aimed at tackling the eurozone's worsening debt crisis. There's been growing concern Italy will soon become the sixth eurozone nation to request a bailout.» E-Mail This» Add to Del.icio.us
Brussels (AFP) - Greece's Prime Minister Alexis Tsipras will plead with European counterparts at a summit in Brussels Thursday to release vital funds to help his debt-laden country stave off a looming cash crunch.
BRUSSELS – The European Union reached a landmark deal on Thursday to make the European Central Bank the bloc’s top banking supervisor, giving EU leaders greater confidence that they are gaining the upper hand over the eurozone’s debt crisis.
EU finance ministers forged a deal on the single supervisor in the early hours of Thursday after marathon talks. Leaders will give their stamp of approval at a summit starting later in the day, their last of 2012, and also discuss closer fiscal ties for their troubled currency area.
Brussels (AFP) - Greece's new proposals offered to European leaders ahead of a crunch summit Monday offered a ray of hope that a deal to end the country's debt crisis can be struck after five months of deadlock.
European leaders meet Sunday for a crunch summit aimed at tackling the eurozone's spiralling debt crisis after warning lenders a day earlier to accept 50% losses on Greek debt and agreeing to a bank recapitalisation plan worth more than $100 billion.
Leaders of the eurozone's four biggest economies gather in Rome Friday to thrash out ideas to tackle the debt crisis, with calls for the bloc's bailout fund to intervene on bond markets set to top the agenda.The talks, which will also focus on efforts to kickstart much-needed growth in the eurozone's struggling economies, will set the stage for a crucial European Union summit in Brussels on June 28 and 29.
The Financial Times reports Brussels hit by strike as EU leaders meet.
A general strike brought widespread disruption to Belgium on Monday, as European Union leaders arrived for a summit in Brussels with a focus on boosting employment across the region. Trains, shipping, air travel and public transport were all hit by the trade union action, called in response to reforms enacted hastily by the new government of Elio Di Rupo.