E urope is scrambling to stop a spiralling debt crisis that threatens its monetary union and the fragile global economy. Germany, Europe’s most powerful economy, is reported to be leading an effort to backstop Greece and other troubled members of the 16-member euro zone, which share a common currency that has come under increasing pressure amid fears of wider credit troubles. The problems of countries such as Greece, Spain and Portugal, each in a fiscal mess, have rippled through global stock, bond and currency markets for weeks as investors worry about a new credit crisis based in Europe.

February 10th, 2010
Money maker
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