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Optimism about European crisis sends stocks surging

Optimism about European crisis sends stocks surging

Stock prices around the world rose on Monday after European leaders signaled a willingness to tackle the financial crisis brewing there.

 

Italy's Berlusconi tries to calm fears over crisis

Italy's Berlusconi tries to calm fears over crisis

Prime Minister Silvio Berlusconi tried on Tuesday to calm fears that Italy could be swept into a full-scale financial crisis and the opposition pledged to smooth the passage through parliament of tough debt-cutting measures.

 

Ireland swallows bitter pill, asks EU for loan

Debt-crippled Ireland formally applied Sunday for a massive EU-IMF loan to stem the flight of capital from its banks, joining Greece in a step unthinkable only a few years ago when Ireland was a booming Celtic Tiger and the economic envy of Europe.

 

Officials See Irish Rescue at 50 Billion Euros, at Least

The ultimate size will depend on whether Dublin merely tries to shore up and restructure its crippled banks, or whether a larger package is offered to give it more breathing room.

 

EU strikes $670 billion crisis deal

EU strikes $670 billion crisis deal

The European Union agreed on a 500 billion-euro ($670 billion) emergency fund in the early hours of Monday to protect highly indebted eurozone countries from the "wolfpack" of financial markets.

 

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