Euro On The Brink Of Collapse

Eurozone ministers struggled to ramp up the firepower of their rescue fund and looked to the IMF for more help on Tuesday after Italy's borrowing costs hit a euro lifetime high of nearly 8%. Francois Lenoir/Reuters

Eurozone Ministers Look To IMF For Help -- National Post/Reuters

BRUSSELS/MILAN – Eurozone ministers struggled to ramp up the firepower of their rescue fund and looked to the IMF for more help on Tuesday after Italy’s borrowing costs hit a euro lifetime high of nearly 8%.

Two years into Europe’s sovereign debt crisis, investors are fleeing the eurozone bond market, European banks are dumping government debt, deposits are draining from south European banks and a looming recession is aggravating the pain, fuelling doubts about the survival of the single currency.

Read more ....

More News On the Euro Crisis

Euro collapse looms as bailout plan sinks -- Sydney Morning Herald
Europe Fights for Euro's Survival -- Voice of America
Euro in danger, Europe races for debt solution -- Economic Times
Euro finance ministers try to avert crisis -- USA Today
Euro Finance Ministers Discuss Radical Ideas to Avert Global Crisis -- Yahoo News Finance
Pressure builds as eurozone ponders debt solutions -- Yahoo News/AP
Eurozone bailout fund falls short of €1 trillion target -- The Guardian
Euro crisis: Italy at risk of insolvency, European finance ministers warned -- The Guardian
Italian borrowing costs reach new highs -- The Telegraph
HIGHLIGHTS-Euro zone finance ministers and officials -- Reuters
Euro Trims Gains on Dollar -- Wall Street Journal