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
BBC May 24, 2010 The International Monetary Fund (IMF) has raised fresh concerns about Spain’s economy, saying “far-reaching” reforms are needed to ensure its recovery. more
The New York Times May 24, 2010 PARIS — In talking about how to approach problems like Europe’s new prospects of misery, Dominique Strauss-Kahn, the head of the International Monetary Fund, has referred to the utility of “the ruthlessness of truth.” more