Andreas Rinke
latest news & developmentsItaly at breaking point, Merkel calls for ‘new Europe’
Italian borrowing costs reached breaking point after Prime Minister Silvio Berlusconi’s insistence on elections instead of an interim government.
Sarkozy backs down on ECB crisis role, progress slow
French President Nicolas Sarkozy faces implacable German opposition to demands to use unlimited European Central Ban funds to fight the debt crisis.