Merkel Raises Questions About Bigger Bailout Fund
In Davos, the German leader said she doesn’t want to promise something that she can’t back up.
Europe
IMF Urges Germany to Give Up More Money
Pressure mounts on Germany to surrender its commitment to austerity.
Russia Threatens European Cattle, Meat Import Ban
The outbreak of a livestock virus in Belgium, Germany and the Netherlands prompts Russia to consider an import ban.
Cameron, Miliband Dispute Meaning of “Moral Capitalism”
Britain’s prime minister and its opposition leader both call for a “better” capitalism.
Greece’s Problems Are Only Getting Worse
The Greek economy is shrinking and its debt burden growing at a faster pace than previously projected.
American, British Navies Explore Carrier Cooperation
The two Atlantic navies intend to work together in developing the next generation of aircraft carriers.
France, Eurozone Nations Lose Top Credit Ratings
Austria and France could lose their top credit ratings.
American Military Presence in Europe Unlikely to “Evolve”
Europe won’t fend for itself so long as the Americans retain a military presence.
Monti Asks Europe to Recognize Italy’s “Sacrifices”
Italy’s prime minister urged a more activist policy on the part of the central bank to reduce its borrowing costs.
Scotland Can Have Referendum on Independence
Britain allows Scotland to vote on independence. Around 40 percent want to secede.
Hope for Sarkozy Yet: Socialist Rival Losing Support
The French president is gaining ground on his challenger.
European Union Agrees to Iran Oil Embargo
To put pressure on the regime in Tehran, European nations agree to sanction its oil exports.
Spain’s Deficit Higher Than Expected, Taxes Hiked
Spain’s new government embarks on an austerity agenda with budget cuts and tax increases.
Hungary’s Economic Policy “Increasing Erratic”
Hungary may be forced to tap into the EU’s bailout fund.
“Nuclear Submarine Should Be Sent to Falklands”
Britain’s former navy chief recommends the dispatch of a submarine to the South Atlantic.