| Take Two: Can a Second Bailout Save Greece?
(Time.com) |
Time.com - After months of delays, arguments and doubts, euro zone finance ministers agreed on a second, $170 billion bailout of beleaguered Greece in the early hours of Tuesday morning |
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| G20 hopes for progress on EU debt crisis: Carstens
(Reuters) |
Reuters - Group of 20 policymakers are hoping for a signal this weekend that Europe will boost crisis funding, smoothing the way for a deal to increase International Monetary Fund resources, the head of Mexico's central bank said on Wednesday. |
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| As austerity bites hard, a once pliant Spain revolts
(The Christian Science Monitor) |
The Christian Science Monitor - After four days of daily protests, some violently dispersed, Spain is bracing for a cycle of social unrest against the harshest austerity measures in decades. At stake is not only Spainâs economic recovery, but that of the European Union. |
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| Strauss-Kahn freed after French police questioning
(AP) |
 AP - French police released former International Monetary Fund chief Dominique Strauss-Kahn on Wednesday after nearly 30 hours in custody for questioning about a suspected hotel prostitution ring.
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| Banks sink on European economic worry
(Reuters) |
 Reuters - Banks led stocks lower on Wednesday as the S&P 500 stalled near a 10-month-high after signs of weak European business activity rekindled concerns about a recession overseas.
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| Summary Box: Bank of England split on stimulus
(AP) |
AP - STIMULATING DISCUSSION: Minutes of their last meeting showed Bank of England rate-setters were divided about injecting another 50 billion pounds ($79 billion) into the economy. Two members argued for a bigger stimulus. |
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| Greek lawmakers rush to clear promised austerity
(AP) |
AP - Greece scrambled Wednesday to push through a batch of emergency laws that will further cut incomes and state spending, a day after securing a new bailout and debt relief deal designed to stave off bankruptcy. |
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| EU Council Prez Van Rompuy set to get 2nd term
(AP) |
AP - Herman Van Rompuy, who has attempted to guide the European Union through severe financial turmoil, will likely be reappointed president of the European Council at a meeting of the bloc's leaders next week, an EU official said Wednesday. |
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| A look at Greece's new austerity measures
(AP) |
AP - Greece's lawmakers are to vote on a bill detailing euro3.18 billion ($4.2 billion) worth of austerity measures, as part of a second euro130 billion ($171 billion) bailout package and euro107 billion ($141 billion) debt relief deal with private creditors. |
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| Euro zone teetering on brink of recession
(Reuters) |
Reuters - The euro zone economy is in danger of tipping into recession, with the services sector shrinking this month along with manufacturing, tempering a wave of optimism after a new bailout deal for Greece struck this week. |
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| EU plans sanctions against Hungary over deficit
(AP) |
AP - The European Union's executive arm said Wednesday it plans to withhold euro495 million ($655 million) in EU development funds from Hungary after the country failed to reduce its deficit. |
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| Bank of England panel split on size of stimulus
(AP) |
AP - Bank of England rate-setters were divided this month on the vote to inject another 50 billion pounds ($79 billion) into the British economy, with two members arguing that a bigger stimulus was needed, minutes to their last meeting showed Wednesday. |
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