The G8 summit at Camp David failed to find a plan for economic growth in Europe and to deal with a euro crisis that goes beyond debt. It may seem strange to propose that the world’s second-richest continent needs a global rescue. But today’s European consumers are too fearful to spend.
Socialist François Hollande may well win the French presidential election. But don't expect a big brawl or gridlock with German Chancellor Angela Merkel over austerity and debt. Markets will keep Hollande in check. And then there's the tradition of German-French cooperation.
582 Saabs: The company claimed the deal would provide the ailing car brand with enough funds to pay salaries to its employees, but didn't reveal the name of the Chinese company.
The global financial crisis continues, threatening countries across the European continent. A united Europe requires a united solution. To survive this and future economic storms, the European Union needs the capacity to coordinate economic and fiscal policies on the federal level.
Workers are being sent home, construction has stopped, and leaders of the 'Baltic Tiger' fear growing social unrest.