Submitted Nov 30, 2014|From bloomberg.com|69 comments

Swiss voters rejected a referendum requiring their central bank to hold a portion of its assets in gold, a measure its President Thomas Jordan termed an “invitation to speculators” that could have hamstrung the economy. The proposal stipulating the ...

Submitted Oct 23, 2011|From reuters.com

European Union leaders piled pressure on Italy on Sunday to speed up economic reforms to avoid a Greece-style meltdown as they began a crucial two-leg summit called to rescue the euro zone from a deepening sovereign debt crisis. The aim is to agree ...

Submitted Oct 23, 2011|From reuters.com

France lobbied on Sunday to overcome German opposition to giving the European Central Bank a central role in bolstering the euro zone's bailout fund, arguing it was the only way to draw a definitive line under the widening debt problems. Setting a ...

Submitted Oct 23, 2011|From reuters.com|9 comments

European Union leaders hold talks on Sunday to try to hammer out a comprehensive plan for tackling the euro zone debt crisis, but a breakthrough is not expected until another summit on Wednesday. Following are comments ahead of Sunday's talks: ...

Submitted Oct 22, 2011|From reuters.com|2 comments

EU finance ministers outlined a deal on Saturday for recapitalizing European banks, and the leaders of Germany and France said they hoped for a breakthrough in tackling the euro zone debt crisis at a summit on Wednesday. After nearly 10 hours of ...

Submitted Oct 22, 2011|From reuters.com

Bundesbank president Jens Weidmann said in a newspaper interview released on Saturday that repeatedly expanding the euro zone rescue fund won't resolve the euro zone crisis. In an interview with Bild am Sonntag released ahead of publication, ...

Submitted Oct 22, 2011|From reuters.com|12 comments

Euro zone finance ministers have agreed that owners of Greek bonds will have to take far more than the 21 percent loss on those holdings that was agreed in July, Jean-Claude Juncker, chairman of the euro group of finance ministers, said on Saturday. ...