Business Online - бізнес-новини України

Warsaw () - European leaders’ efforts at resolving the euro crisis will be futile if, at its hour of need, Europe becomes divided between those inside and outside the single currency. As an EU member not part of economic and monetary union (EMU), Poland remains strongly committed to joining the single currency in coming years.

Europe () - Make or break talks between Angela Merkel and Nicolas Sarkozy will keep investors on tenterhooks on Monday as European leaders scramble to finalise a coherent rescue package for the eurozone.

London () - French President Nicolas Sarkozy called for a major overhaul of the European Union on Thursday in response to the debt crisis roiling the region, as he also argued that France’s future was inseparably linked to that of neighboring Germany and Europe.

Europe () - Mr Schauble said eurozone finance ministers, who are meeting in Brussels, could not agree on the terms of the European Financial Stability Facility (EFSF).

USA () - The U.S. lost its last stable outlook from the three biggest credit-ranking companies after Fitch Ratings lowered the nation to negative following a congressional committee’s failure to agree on deficit cuts.

Los Angeles () - Throwing more logs on the Eurozone fire, Moody's Investors Service said early Monday that the continent’s debt crisis now is "threatening the credit standing of all European sovereigns."

San Francisco () - After six straight days of stock-market declines — the longest skid since the U.S. debt downgrade this summer — U.S. investors will be grateful for a Thanksgiving break to take their minds off their portfolios.

GB () - Bank of England policy maker David Miles said there’s a risk a country may leave the 17-nation euro area and that the threat from the region’s crisis has increased uncertainty about the outlook for the U.K. economy.