spain has eclipsed greece as the epicenter of the continent's financial crisis, and its beleaguered banking sector is weighing down the global economy
europe proposes banking union to ease debt crisis
as europe's debt crisis intensifies, top officials say the continent urgently needs a central authority with the financial muscle to fix its broken banks.
europe’s debtors must pawn their gold for eurobond redemption
southern europe’s debtor states must pledge their gold reserves and national treasure as collateral under a €2.3 trillion stabilisation plan gaining momentum in germany.
u.s. shuttle diplomacy seeks to pull europe back from brink
washington (reuters) - the obama administration is engaged in a fresh round of shuttle diplomacy to nudge european union leaders into decisive action to prevent europe's widening crisis from undermining the u.s. and global recoveries. officials in washington believe the u.s. banking system is in sound enough shape, but they know from the collapse of lehman brothers in 2008 and the asia cris...
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