ASUNCION - Portugal asked Mexico on Saturday to tell fellow G20 members next week that the United States should offer "financial help" to resolve the euro zone sovereign debt crisis, describing it as a "systemic and global" problem, a Portuguese government source said.
BERLIN - European Central Bank President Jean-Claude Trichet said in an interview in a German newspaper to be published on Sunday that the euro zone sovereign debt crisis was not yet over and that it was too early for the all-clear signal. | Video 28 Oct 2011
GENEVA - A World Trade Organization panel largely backed China on Friday in a complaint about European Union import duties on Chinese footwear, dealing a partial victory also to European importers and retailers.
28 Oct 2011
ROME - Italy's borrowing costs jumped to record levels Friday, underlining its vulnerability at the heart of the euro zone debt crisis and skepticism about whether the struggling government of Prime Minister Silvio Berlusconi can deliver vital reforms. | Video LONDON - European shares slipped Friday after the previous session's rally on the European Union's debt deal, as a disappointing Italian bond auction fueled investors' skepticism about the plan to tackle the region's debt crisis.
28 Oct 2011
DEGGENDORF, Germany - Chancellor Angela Merkel said on Friday it was important to prevent others from seeking debt reductions after European Union leaders struck a deal with private banks to accept a nominal 50 percent cut on their Greek government debt holdings.
28 Oct 2011
FRANKFURT - Euro zone interest rates will very likely remain on hold next week as the European Central Bank navigates the transition to new leadership, with an anti-crisis plan forged by EU leaders taking some heat off monetary policymakers. | Video 28 Oct 2011
PERTH, Australia - British Prime Minister David Cameron Friday said he would work with other European Union members outside the euro zone to ensure their interests are not compromised in efforts to fix the region's sovereign debt crisis. Cameron reminded the European Commission, the EU executive body, it had a duty to safeguard the 27-member EU bloc, amid concerns of "caucusing" -- decision making by only some members of a group then pushing others to sign up -- by the 17 euro zone sta
28 Oct 2011
WARSAW - The euro zone is still not safe for Poland to join despite this week's agreement on measures to halt its sovereign debt crisis, Finance Minister Jacek Rostowski said Friday, adding it would be several years before Warsaw sets a new date for membership.
28 Oct 2011
