The Guardian May 26, 2010 You could hardly imagine a worse time for Britain’s Liberal-Conservative coalition to be launching a programme with cuts at its heart. Just as the Clegg-Cameron double act spelled out the first phase of their planned onslaught on public services, financial markets everywhere were tanking as the banking and debt crisis […]
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