France and Italy sought on Tuesday to boost confidence that Europe can tackle its debt crisis, with Italian Prime Minister Mario Monti saying he sees “light at the end of the tunnel” for the eurozone.
With European leaders keen to maintain momentum following a series of well received statements, Monti and French President Francois Hollande hailed progress in addressing the eurozone’s debt w
Archive for debt crisis
The president of debt-laden Greece will travel economy class to a European Union summit this week, his office said on Wednesday.
Leaders of the 27-nation EU meet in Brussels on Thursday for a two-day summit to be dominated by the euro zone’s debt crisis.
A source familiar with the travel plans of the Greek delegation, led by 83-year-old President Karolos Papoulias, said they would travel econ
The eurozone just avoided recession in early 2012 but the region’s debt crisis sapped the life out of the French and Italian economies and widened a split with paymaster Germany.
Eurozone gross domestic product stagnated in the first quarter, the EU’s statistics office Eurostat said on Tuesday.
That was a touch better than forecast by economists, who had expected a 0.2 per cent slu
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