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 December 5, 2011 Afternoon Update |
 TOP NEWSSarkozy and Merkel Push for Changes to Europe TreatyBy STEVEN ERLANGERThe leaders of France and Germany met Monday and agreed to propose treaty changes to promote more fiscal discipline, including a limit on budget deficits. Euro Zone Buoys Stocks, Despite Ratings ReportBy REUTERSConfidence that European leaders would come up with a credible plan at a crucial summit this week lifted stocks, but a report that dimmed hope for euro zone credit ratings muted the gains. Biden Treads Softly in GreeceBy MARK LANDLERVice President Joseph R. Biden Jr. visited the epicenter of Europe's debt crisis at the start of a crucial week for the euro. Italy's Leader Unveils Radical Austerity MeasuresBy RACHEL DONADIOPrime Minister Mario Monti of Italy took the steps in an emergency decree, which means they will take effect before Parliament gives its formal approval. At Conference, Afghans Say They'll Need Aid for YearsBy STEVEN LEE MYERS and ROD NORDLANDPresident Hamid Karzai and other Afghan officials called on Monday for political and military support for at least another decade, well beyond a planned withdrawal in 2014. |
WorldOpinion |
BUSINESSDespite Praise for Its Austerity, Ireland and Its People Are Being BatteredBy LIZ ALDERMANThe Irish example points to the dangers of simply squeezing ordinary people to pay off creditors rather than sharing the burden more broadly. Planned Postal Service Cuts to Slow First-Class MailBy STEVEN GREENHOUSEThe cuts would close about half of the nearly 500 mail processing centers across the country as early as March. The $3 billion in reductions are part of an effort to quickly trim expenses and avert bankruptcy. China Scrambles for High-Tech DominanceBy DAVID BARBOZA and JOHN MARKOFFChina's booming economy and growing technological infrastructure may thrust it to the forefront of the next generation of computing, many American experts say. Media Decoder BlogBronfman Stepping Down at Warner MusicBy BEN SISARIOEdgar M. Bronfman Jr., a major player in the music industry, is stepping down as chairman of the board. DealBookRegulator Approves 'MF Global Rule'By BEN PROTESSThe new rule will limit how the brokerage industry can invest customer money, largely barring firms from using client funds to buy foreign sovereign debt. |
Tracking Europe's Debt Crisis
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