European finance officials are working on urgent measures to ease financial market pressure on Spain and Italy, which are too big to bail out.
TS Eliot said that April was the cruellest month, but for Europe’s leaders, it may prove to be June.
Europe’s leaders will try to breathe life into their stricken economies but disagreement over plans to alleviate debt chaos has been laid bare.
The eurozone won verbal support but no new money at a G20 summit for its tortured efforts to overcome a sovereign debt crisis.
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/ 19 October 2011
A double-notch downgrade of Spain’s credit rating has piled pressure on Europe’s leaders to make progress on solving the region’s debt crisis.
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/ 20 November 2010
Nato will invite Russia to take part in a missile defence shield, a move that would herald the closest cooperation since the end of the Cold War.
Israel rejected a call by United Nations Secretary General Kofi Annan on Wednesday to lift its air and sea blockade of Lebanon, saying it will only end the seven-week-old siege once all aspects of a ceasefire are in place. Israel also will not withdraw its troops fully from southern Lebanon until the full implementation of the ceasefire.