Europe debt crisis solution would be joint-issued euro bonds. Germany denies reports that it has initial plans to solve Europe debt crisis with euro bonds issued by nations with triple A credit.
Western countries are on alert for any decisive moves from Tehran that hint at an 'all-out bid' for an Iranian nuclear weapon. But in the meantime they are sticking to diplomatic measures.
The latest sanctions against the Iran nuclear program target its oil and petrochemical industries. The US and France are also threatening more devastating measures against Iran's banks.
Secretary Clinton calls new US sanctions a 'significant ratcheting up of pressure on Iran.' Britain, France, and Canada also announce steps in wake of UN report citing 'deep concern' over Iran's nuclear program.
Benetton ads depicting President Obama and other heads of state kissing have been met with criticism from leaders and the faithful alike.
Greek PM Papandreou got the backing of his cabinet to hold a referendum on EU bailout terms. He meets today with France's Sarkozy and Germany's Merkel, who have said renegotiating is not an option.
Referendum to be called in Greece: Prime Minister George Papandreou called for a referendum that may further destabilize the economy in Europe and undermine euro.
The Greek bailout isn't the only thing in doubt after Prime Minister George Papandreou said he will put what Europe took to be a done deal to a referendum. His government could fall this week.
After months of having their pride savaged by the rest of the continent, the Greeks have astounded Europe by announcing a referendum on the debt crisis plan.