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391. EU Leaders To Hold Conference Call On Euro, Greek Poll Ahead of G20
European Union leaders will hold a video conference call Friday to discuss the crisis in the eurozone ahead of next week's Group of 20 (G20) summit in Mexico, a spokeswoman for the British government said.
392. ECB Says More Money for Banks At the Ready As Greek Poll Looms
The European Central Bank (ECB) has more money on standby to lend to banks, its president Mario Draghi said Friday, as market nervousness prevailed two days ahead of Greek elections.
393. Spain Seeks European Intervention to Escape a Bailout
Spain was on Friday trying to ward off a European Union-led financial rescue, with officials and analysts calling on Europe to urgently intervene to ease market pressure on the eurozone's fourth-largest economy.
394. Germany Sets June Date to Ratify Bailout Fund
Chancellor Angela Merkel's coalition won agreement from opposition parties Thursday to set a June 29 ratification date for the eurozone's fiscal compact and a new bailout fund.
395. Spanish Bonds Soar to Euro-era High
Spain's borrowing costs soared to record level Thursday despite a rescue plan for the country's banks, fueling concern that the eurozone's fourth-largest economy might need a full-scale bailout.
396. OPEC Set to Hold Off Reducing Oil Glut
The Organization of the Petroleum Exporting Countries (OPEC) oil ministers said Thursday the time for reducing their oversupply of world markets has not yet come, as they do not want to hurt global economic growth.
397. Geithner to Attend G20 Summit in Mexico
U.S. Secretary of Treasury Tim Geithner will attend the G20 summit in Mexico next week, the Department of the Treasury announced.
398. Euro Crisis to Overshadow Everything Else at G20
German Chancellor Angela Merkel said Thursday that Europe's debt crisis would dominate next week's summit of Group of 20 leading economies in Mexico.
399. Greece Headed Back to Polls
Angry and despairing Greek voters head to the polls Sunday for the second election in six weeks, a make-or-break poll that may decide Greece's economic future and whether it remains in the eurozone.
400. Recession Fears Stoked in Europe
The latest negative industrial production figures for the eurozone reinforce expectations that the single currency bloc will slip back into recession in the second quarter of 2012, analysts said Wednesday.
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