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gulfnews : Juncker warns of Greek debt contagion

Berlin: The Greek debt crisis could spread to at least five other European countries — including Belgium or even Italy — if it is not cautiously managed, the head of the euro group warned yesterday....

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Crisis crashes holidays – leaders in urgent talks | EurActiv

Leaders from European powerhouses Germany and France will hold talks today (5 August) after a global market rout signalled fear Europe’s debt crisis is spinning out of control and a US recovery is...

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Sarkozy gives ministers debt deadline – FT.com

Nicolas Sarkozy, the French president, gave his finance and budget ministers a week to devise new measures to cut France’s budget deficit as shares in the country’s banks plummeted in the latest bout...

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International alarm over euro zone crisis grows | Reuters

(Reuters) – International alarm over Europe’s debt crisis hit new heights on Tuesday, with President Barack Obama pressing the bloc’s big countries to show leadership as talk of a Greek default...

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Sarkozy feels heat as crisis spirals out of control – The Irish Times – Wed,...

ANALYSIS: French leader may soon have no alternative but to recapitalize banks – but where does it end? ON AND on it goes, relentlessly. Wracked by indecision and disunity, EU leaders are struggling to...

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Mish’s Global Economic Trend Analysis: Sarkozy, Merkel “Convinced” Greece...

Sarkozy, Merkel “Convinced” Greece will Remain in Eurozone; Market Convinced of Default; Gold Declines US Dollar Drops; Band-Aids and Rubber-Bands Equities continued their choppy overlapping rally...

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EU crisis straining Franco-German ties | News | Financial Post

PARIS – Relentless crisis management is straining the Franco-German relationship that underpins the euro, pitting Paris against Berlin over how best to leverage the EFSF rescue fund to contain the...

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China Could Give $100bn To Euro Bailout Fund | Business News | News Centre –...

Two senior advisers to the Chinese government told the Financial Times it was “very likely” to put money into the European Financial Stability Fund (EFSF). But they say any contribution would have to...

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