Eurozone

Budget Battles

  • In Greek Streets, Austerity Leads to Violence

    By Patrick Smith

    Maybe it had to come to this in Greece, given what the nation’s people are being asked to accept. On Wednesday, just days before a critical summit of European Union leaders intended to resolve the...

  • Sarkozy and Merkel to Meet in Frankfurt

    By SYLVIE CORBET, Associated Press

    The leaders of Germany, France, the IMF and European Central Bank are meeting Wednesday night, to prepare for a crucial European summit that markets hope will produce a comprehensive solution to the...

  • Ghost of Lehman Haunts Europe

    By Neil Irwin, The Washington Post

    As European politicians and bankers confront their continent’s debt crisis, they are haunted by the memory of Lehman Brothers.

  • New Pressure on France, Germany

    By GABRIELE STEINHAUSER

    BRUSSELS (AP) — Disagreement between France and Germany may prevent eurozone leaders from reaching a crucial deal on a second rescue package for Greece this weekend, a person familiar with the...

  • IMF Austerity May Crush Demand

    By Howard Schneider, The Washington Post

    The International Monetary Fund, known throughout its history for urging governments to slash their budgets, is now worried that a global round of austerity may trigger a new recession.