Disagreement between Germany and France over virtually every point in a plan to resolve the euro-zone debt crisis forced Merkel and Sarkozy to concede that no decisions will be taken by EU leaders at a Sunday summit.
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French Banks Fought Oversight
Among the factors responsible for the European banking crisis has been the persistent unwillingness of bankers and regulators to acknowledge they had a problem. That was particularly true in France.
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For Lockerbie Victims' Kin, Grief Remains
The death of Gadhafi brought tears and relief?but not closure?for many relatives of victims of the 1988 bombing of Pan Am Flight 103 over Lockerbie, Scotland, a notorious terrorist act linked to the Gadhafi regime that killed 270 people.
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For Santander, Links Aren't Plain
An examination of the financial relationship between Banco Santander and its British unit, Santander U.K., shows that billions of euros have moved between the parent and its subsidiary in recent years.
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German, French Business Confidence Falls
Business confidence in the euro zone's top two economies continued to deteriorate in October, underscoring concerns that the currency bloc's economy could be close to stalling.
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Italy Central-Bank Pick Surprises
Italy has chosen a new central bank governor to succeed Mario Draghi, ending an unusually tense selection process with a surprise nomination: the bank's deputy director general Ignazio Visco.
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Deutsche Börse Profit Jumps
Deutsche Börse said net profit almost doubled in the third quarter, helped by higher revenue and a gain from buying out a minority stake in derivatives exchange Eurex.
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Bond Markets Are Still Skeptics
As expectations for this weekend's European summit get scaled back, the European bond market can say, "I told you so."
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S&P Downgrades 'Likely' in Recession
Ratings firm says France, Spain, Italy, Ireland and Portugal could be downgraded if bloc falls into another recession.
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Tussle Over EFSF Far From Over
Euro-zone governments seem a long way, ahead of two expected summits, from finding a way to boost the clout of the euro-zone's bailout fund without triggering consequences that could worsen their crisis.
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EU Weighs Ban on Sovereign Ratings
The European Commission is leaning toward proposing a ban on the issuing of sovereign credit ratings for countries in bailout talks, a top official said.
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Basque Separatists Vow to End Violence
Basque separatist group ETA said it will end armed activity after more than four decades of violence that claimed more than 800 victims, a move likely to shake up Spanish politics.
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Crisis Hurts Banks in Emerging Markets
The euro-zone debt crisis is spilling over to emerging-market banks, signaling new risks for economies that had largely brushed off European troubles for the past two years, an industry survey found.
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EU Plans Overhaul Of Financial Rules
The European Commission proposed a sweeping set of financial-regulation reforms that seek to rein in derivatives trading and increase oversight of high-frequency strategies.
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Further Details in UBS Rogue-Trading Case
U.K. prosecutors provided additional detail about events leading up to the recent arrest of the alleged UBS rogue trader and increased the amount of losses they claim he caused.
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Merkel Cancels Planned Statement
German Chancellor Angela Merkel has canceled a government statement on the European Union summit this weekend, due Friday, at short notice, a spokesman for her CDU party said.
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Turkey Attacks PKK in Iraq
Turkey's Armed Forces launched a broad land assault into northern Iraq to attack bases of the outlawed Kurdistan Workers' Party, or PKK, in a major escalation of a long-running conflict.
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NATO Removes Kosovo Roadblocks
NATO soldiers moved to dismantle Serb roadblocks in northern Kosovo as the alliance flexed its muscles to back efforts by the central government of this fledgling Balkan state to exert control over a renegade region.
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Dangerous German Export Machine Needs Reverse
Euro-zone rescue plans will produce no lasting benefit unless Germans buy more from their European partners, or commit to sending them money.
