Nicolas Sarkozy, Europe Debt Crisis | featured news

Europe Struggles for Remedy to Euro-Zone Crisis as 'Final Package' Fizzles

Europe Struggles for Remedy to Euro-Zone Crisis as 'Final Package' Fizzles

European leaders “have risen to the challenge,” German Chancellor Angela Merkel said. French President Nicolas Sarkozy proclaimed their July 21 summit a “historic turning point” and Luxembourg Prime Minister Jean- Claude Juncker called it the “final package, of course,” to extinguish the debt inferno. Then they went on vacation. Before they returned to work, the deal fizzled.

 

Sarkozy yields on ECB crisis role, pressure on Italy

Sarkozy yields on ECB crisis role, pressure on Italy

European Union leaders made some progress toward a strategy to fight the euro zone's sovereign debt crisis on Sunday, nearing agreement on bank recapitalization and on how to leverage their rescue fund to try to stop bond market contagion.

 

Germany, France agree on Europe bank bailout

Germany, France agree on Europe bank bailout

The leaders of Germany and France, the eurozone's two biggest economies, say they have reached agreement on strengthening Europe's shaky banking sector.

 

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