G20, Europe Debt Crisis | featured news

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 should stop the bickering, show courage

More than at any time since the depths of the financial crisis, the world's leaders need to pull together today, end their squabbling and divisiveness, and come up with a concrete plan to get the fragile recovery back on track.

 

Obama, G-20 can't agree on IMF rules

Obama, G-20 can't agree on IMF rules

President Obama and the G-20 could not agree on how to add resources to the International Monetary Fund so that it can help with the European debt crisis. G-20 members did say that the IMF should have more tools and money, but decisions on exactly how to do that were put off until next year.

 

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.

 

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