Germany, Italy vow to protect Eurozone

Germany, Italy vow to protect Eurozone

(Berlin) – German and Italian leaders have pledged to do everything to protect the eurozone, the German government said further underlining European politicians’ determination to get a grip on the continent’s debt crisis, but again offering no details of any action. German Chancellor Angela Merkel and Italian Premier Mario Monti spoke by phone and “agreed that […]

Cameron urges action to resolve Euro Crisis

Cameron urges action to resolve Euro Crisis

(Manchester) – British Prime Minister, David Cameron urged Europe to sort out its currency crisis, calling on the 17-country eurozone “to make-up or it is looking at a potential break-up”. “Either Europe has a committed, stable, successful eurozone with an effective firewall, well capitalized and regulated banks, a system of fiscal burden sharing, and supportive […]

Greece set for new elections

Greece set for new elections

(Athens) – Greece will go to the polls for the second time in six weeks on June 17 as fears grew of more instability over the troubled country’s future in the Eurozone, the Athens News Agency said. The agency in its statement added that the Council of State President, Panagiotis Pikrammenos, the head of Greece’s […]

World stocks drop as worries over Greece intensify

World stocks drop as worries over Greece intensify

(Milan) – World stock markets dropped as worries intensified over the condition of the eurozone and whether Greece is edging towards leaving the single currency union. In Athens, Greek party leaders were scheduled to resume talks aimed at forming a government. But as the political wrangling dragged into its second week, markets contemplated the threat […]

Eurozone Ministers Meet to seek way Out of Crisis

Eurozone

(Brussels) – Another week of talks has been launched by European Finance Ministers at Brussels. The leaders hope to get a deal with banks to slash Greece’s debts and agreement on a new balanced budgets treaty that will mark a turning point in the debt crisis. The ministers have also given a call to decide […]

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