Topic: Gary Jenkins
Prime Minister Papandreou canceled his US trip and hinted at further austerity measures after Europe's 'troika' of experts expressed doubt about the Greek government's plans to avoid default.
Markets had rebounded by late in the day, but they're still fragile, economists say. Leaders of France and Germany have announced plans to meet next week to discuss Europe's financial troubles.
By not including the sovereign debt that the banks hold, are the EU stress tests credible?
As the Greek debt crisis rocks the eurozone, European Central Bank President Jean-Claude Trichet downplayed fears that Portugal and Spain would need to be bailed out.