The Telegraph May 26, 2010 Tim Geithner, the US Treasury Secretary, has called for Europe’s leaders to shore up the euro and calm global markets by putting their €750bn (£635bn) rescue plan into action quickly. more
The New York Times May 25, 2010 Only months after most economists forecast that the recession could be viewed safely through the rearview mirror, the European fiscal crisis poses an unsettling new challenge for the United States economy. more
The New York Times May 25, 2010 As fears grow that Europe could face a full-blown financial crisis, potentially damaging the economy in the United States, investors are abandoning risky bets in the financial markets and rushing for safety instead. more
EuropeanVoice.com May 25, 2010 Spain has postponed a Union for the Mediterranean summit with more than 40 countries that was scheduled to take place in Barcelona on 7 June. more
Spiegel May 25, 2010 The EU remains divided over how to respond to the euro-zone debt crisis, with Commission President Jose Manuel Barroso calling Chancellor Angela Merkel’s plans for EU reform “naive.” Meanwhile concerns about the European banking sector continue to batter the euro. more