Eurozone PMI Shrinks as Optimism Fades
Private business activity in the euro one fell for the first time in two years in September with a drop in new orders, stoking fears that the region could be heading back into recession.
Greece Teeters as Default Worries Grow
The odds of Greece defaulting on its sovereign debt within the next five years stood at 98% on Tuesday, as additional measures taken by its government failed to reassure investors and the cost of insuring the obligations climbed again.
Greece Sees Second Rescue as Euro Bond
Greece's Prime Minister George Papandreou said that the bond repurchase measure in the country's second bailout amounted to a joint euro zone bond in what he called a move beyond a monetary union for the group of 17 nations sharing a single currency.