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Thursday, May 09th

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US 'super-committee' fails to agree on debt reduction plan

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super-committeeUSA () - A US congressional committee tasked with reducing the deficit by $1.2tn (£762bn) has failed to come to an agreement.

Italy: PM Monti unveils crisis plan as students protest

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Italy () - Italy's new PM Mario Monti has outlined plans to tackle the country's economic problems and cut its debt, amid student protests in several cities.

Interest Rates In France And Other Core European Countries Rise

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Europe () - The contagion of higher borrowing costs in Europe continued to spread on Wednesday, reaching even some of continent's strongest economies, raising national debt burdens and increasing the urgency for leaders to act decisively to stave off a potential economic meltdown.

Millionaires ask Congress to raise their taxes

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USA () - A group of two dozen millionaires stormed Capitol Hill on Wednesday, demanding lawmakers raise their taxes.

What's the matter with Italy?

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Italy () - Italy has moved to centre stage in the eurozone debt crisis.

Europe: New leaders, same debt crisis

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debt crisisEurope () - Europe's debt crisis is far from over.The appointment of 'technocrats' (read political outsiders) to replace ineffective prime ministers in Greece and Italy may have helped ease the political turmoil in those countries.

Euro zone grows, but recession fears loom

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Frankfurt () - The euro-zone economy eked out further growth in the third quarter, but economists still fear the region’s long-running debt crisis could soon spell a return to recession.

Which States Would Be Hardest Hit By Europe?

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USA,Europe () - As fears grow that Europe will slip into a recession amid growing financial problems, some U.S. states are more at risk of feeling the repercussions on this of the Atlantic.

Greece Keeping Euro Is Only Choice: Papademos

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Greece () - Greek Prime Minister Lucas Papademos, charged with securing international financing to avert a collapse of the economy, said keeping the euro is the only way forward for the country.

Europe’s technocrats ill-cast as political saviors

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Europe () - T-time has arrived in Europe in a big way. It’s time for technocrats.

Could the Celtic Tiger rise again?

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Ireland () - once Europe's 'Celtic Tiger' -- was last year felled by its black hole of a banking sector, and forced to tap Europe's bailout fund.

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