Tuesday, October 25, 2011

Europe's Sovereign Debt Crisis Worsens -- News Roundup



Europe Scrambling To Complete Debt-Relief Plan -- Voice of America

With 24 hours to go before another summit, European leaders were scrambling Tuesday to complete a plan to resolve the continent's governmental debt contagion.

The outline of a package of reforms is emerging, but details have yet to be set. The plan calls for European banks to forgive billions of dollars of debt for Greece and sharply increase their own cash reserves. At the same time, the size of the continent's bailout fund would be boosted to assist other debt-ridden countries in the future.

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More News On Europe's Debt Crisis

Debt crisis: live
-- The Telegraph
Debt Crisis: live -- The Guardian
Europe: Grimmer by the minute -- CNN
Europe crisis plan talks enter final stretch -- AP
Euro rescue plan may be delayed again -- L.A. Times
Italian coalition talks hit deadlock -- Financial Times
Europe is now leveraging for a catastrophe -- Wolfgang Münchau, Financial Times
Europe's Stupid Plan -- John Carney, CNBC
No quick solution to Europe's debt crisis -- Henry Chu, L.A. Times
'Unknown territory' for Europe if summit fails: France -- MSN News
Three Key Political Hurdles to the Eurozone — Outside of The Summit -- Wall Street Journal
EU Crisis Roadmap: Key Milestones -- Wall Street Journal

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