German Chancellor Angela Merkel has opposed many of the moves to stabilize the eurozone that her European colleagues favor. Is she the steady hand Europe needs now, or does she lack political courage?
German Chancellor Merkel is pushing guarantees of greater fiscal discipline in exchange for a more assertive European Central Bank role in addressing the eurozone debt crisis.
Greece ignited the euro debt crisis with a big lie about its deficit, and now the man hired to clean up its statistics faces charges of national betrayal. Keeping euro nations honest is a key to Europe's economic recovery.
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.
With German Chancellor Angela Merkel and French President Nicolas Sarkozy at odds over how to leverage bailout funds, hopes for a solution from Sunday's debt crisis summit are wavering.
Moody's France rating could be put on notice because of weak growth. After warning from Moody's, France Finance Minister Baroin said 2012 growth could be lower than estimated.
Stocks had their worst drop in two weeks after German leaders cast doubt on how fast the debt deal process would be. The Dow dropped 247 points to close at 11397.
Stocks in Europe lose some gains after German finance minister cautions on eurozone solution. Stocks are up 11.6 percent over the past nine days.
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.