Prime Minister Mario Monti has unveiled an ambitious economic crisis plan with reforms aimed at appeasing global leaders and financial markets.
Shareholders of Eurobank and Alpha Bank have approved a merger plan designed to create Greece’s largest lender with major backing from a Qatari fund.
German Chancellor Angela Merkel has urged her party to set aside misgivings about the euro and accept integration as a solution to the debt crisis.
No image available
/ 14 November 2011
All eyes are due to be on Italy and Greece’s new technocratic leaders this week as eurozone investors closely monitor their initial moves.
Greece’s Lucas Papademos will seek to take advantage of a rare political truce to push austerity and radical reform and stave off bankruptcy.
APEC leaders will call on countries to do what they can to prop up economic growth, rallying around the common threat from Europe’s debt crisis.
Italy’s head of state began talks on Sunday to appoint an emergency government to succeed outgoing Prime Minister Silvio Berlusconi.
No image available
/ 12 November 2011
Greece’s new unity government under Lucas Papademos faces a race against time to save the debt-stricken nation from bankruptcy.
Italian Prime Minister Silvio Berlusconi is set to resign after a parliamentary revolt and a wave of market panic that has shaken the eurozone.
Lucas Papademos has taken office to save Greece from bankruptcy with a Cabinet filled with many of the politicians who led the nation into crisis.
Italy’s readiness to approve austerity measures has spurred the formation of an emergency government to take Silvio Berlusconi’s position.
Former ECB vice-president Lucas Papademos will head Greece’s new crisis coalition, ending suspense over who will try to save the country from default.
As their country’s debt crisis situation worsens, Greek politicians have remained deadlocked around who to appoint as their new prime minister.
Greece’s outgoing prime minister says there is an agreement that the new interim government will ensure the country’s debt deal follows through.
Italian Prime Minister Silvio Berlusconi lost his parliamentary majority on Tuesday and his opposition are calling for his resignation.
No image available
/ 7 November 2011
Prime Minister Silvio Berlusconi defied huge pressure to resign on Monday, desperately playing his last cards to save his crumbling government.
IMF chief Christine Lagarde will be taking her European rescue talks to Russia in her first official foreign trip, before visiting China and Japan.
European leaders watch nervously as embattled Greek premier tries to find allies and avoid the nightmare of being thrown out of the eurozone.
US stocks fell on Friday, ending four weeks of back-to-back gains, as political instability resurfaced in Europe.
The eurozone won verbal support but no new money at a G20 summit for its tortured efforts to overcome a sovereign debt crisis.
Greek Prime Minister George Papandreou faces a confidence vote with the fate of the nation’s EU/IMF bailout deal in the balance.
Greece’s government has backed out of a proposed referendum on staying in the euro, while European leaders moot Greek exit from the eurozone currency.
World leaders meeting at the G20 summit are discussing boosting their funding of the IMF to help resolve the eurozone debt crisis.
Emerging giants are pressuring EU countries at the G20 to solve their debt crisis, with Beijing dangling $100-billion in rescue funds.
The Greek government is on the verge of collapse as outrage over plans for a referendum on a eurozone bailout rips through the beleaguered country.
Germany and France have issued Greece with an ultimatum that will see it receive no more aid until it decides on whether it will stay in the eurozone.
European leaders summoned Greece’s prime minister to the French Riviera to restore calm ahead of a G20 summit after his shock call for a vote.
Prime Minister Silvio Berlusconi has repeated promises of economic reform as Italian bonds come under renewed attack in the eurozone crisis.
George Papandreou’s shock announcement that he will put Greece’s bailout to a referendum has threatened to intensify the eurozone crisis.
No image available
/ 28 October 2011
The major economic entities are in the throes of self-inflicted, but apparently insoluble, problems as they lurch their way to stagnation.
No image available
/ 23 October 2011
French President Nicolas Sarkozy faces implacable German opposition to demands to use unlimited European Central Ban funds to fight the debt crisis.
EU leaders are holding talks to try to hammer out a plan for tackling the eurozone debt crisis, but a breakthrough is not expected until Wednesday.