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Obama: Europe woes could affect U.S. election

President Obama's political fate could be decided in the debt-ridden nations of Europe. While praising European efforts to address its potential economic crisis after this week's G-20 summit, Obama also said that problems overseas could damage the economy in the U.S. -- and threaten his re-election.

 

Italy wants euro rescue funds to buy its debt

Italy put forward a proposal at a G20 summit in Mexico on Tuesday for the euro zone's rescue funds to start buying the debt of distressed European countries, and the idea is expected to be discussed at a meeting of leaders in Rome on Friday.

 

G20 Says No Threat Of Recession Yet

G20 Says No Threat Of Recession Yet

Finance Ministers and Central Bankers from members states within the Group of 20 said Saturday they saw no imminent threat of a recession as the European debt crisis unfolds.

Senh: In cases like this, it's better to overreact. They might not be in a recession currently, but they sound like they could easily "slide" into one. In the U.S., the bailouts to the financial industry did stabilized the sector, so maybe they should do the same.

 

Europe Issues Call for Rules; Obama Urges G-20 Unity

Europe Issues Call for Rules; Obama Urges G-20 Unity

German Chancellor Angela Merkel and French President Nicolas Sarkozy called for tighter rules on financial markets, widening a rift among leaders after President Barack Obama urged unity to counter ...

 

Thousands protest G-20

Thousands protest G-20

Thousands of protesters crowded together outside the Bank of England in London today, a day before President Obama and other leaders gathered for the G-20 summit to discuss the world's economic crisis. Some protesters lunged toward the police line.

 

European protesters march in G20 rallies

European protesters march in G20 rallies

Thousands of people marched through European cities Saturday to demand jobs, economic justice and environmental accountability, ...

 

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