G7 Sets Crisis Conference Call After Soros Warning
G7 leaders planned a conference call Tuesday ahead of a scheduled mid-June summit meeting, after a weekend warning by the billionaire George Soros that Europe had just three months to salvage the euro.
EU Vetoes Merger of Deutsche Boerse-NYSE Euronext
Measures proposed by the two companies failed to satisfy the Competition Commission. The European Commission characterized the proposal as leading to a “near-monopoly” that would bring harm to customers.
Hungary Promises Compromise With EU Over Bailout
Prime Minister Viktor Orban of Hungary has promised that he would compromise with lenders and regulators in talks over a bailout for his country.
EU to Greece: Put It In Writing
The European Commission ordered Monday that Greece’s new leaders must put in writing their pledge to honor new austerity measures before Athens is given its sixth installment of aid.
European Debt Crisis ‘Systemic:’ Barroso
The euro came within two cents of a five-week low after European Commission President Jose Barroso said the eurozone is confronting a “truly systemic crisis.” Word that the European Central Bank was buying up Spanish and Italian debt helped to reverse that fall, however.