Reuters: Europe warned of systemic crisis over debt

Europe warned of systemic crisis over debt
By Sakari Suoninen and Martin Santa
FRANKFURT/BRATISLAVA | Tue Oct 11, 2011 6:46am EDT

(Reuters) - Europe's top financial watchdog warned on Tuesday that the euro zone's sovereign debt crisis has become systemic and threatens global economic stability unless decisive action is taken urgently.

Reuters: Analysis: Euro zone crisis enters dangerous new phase with Italy

Analysis: Euro zone crisis enters dangerous new phase with Italy

By Paul Taylor
ATHENS | Tue Jul 12, 2011 11:30am EDT

(Reuters) - The euro zone's debt crisis has taken a dangerous turn. Contagion is singeing the currency bloc's third biggest economy Italy, which would be too big to save with existing EU financial fire-fighting tools.

Exclusive: EU calls emergency meeting as crisis stalks Italy

Exclusive: EU calls emergency meeting as crisis stalks Italy

By Luke Baker
BRUSSELS | Sun Jul 10, 2011 2:45pm EDT

(Reuters) - European Council President Herman Van Rompuy has called an emergency meeting of top officials dealing with the euro zone debt crisis for Monday morning, reflecting concern that the crisis could spread to Italy, the region's third largest economy.

Reuters: PIMCO head predicts Greece, others will default

Reuters: PIMCO head predicts Greece, others will default
TAIPEI | Tue Jun 21, 2011 11:11pm EDT

(Reuters) - The head of PIMCO, the world's biggest bond fund, predicted that Greece and other European economies would default on their debts to resolve their problems as the euro area faces a debt crisis.