The Delaware Gazette

EU running out of time as Greece nears the exit

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ATHENS, Greece — Euro­pean lead­ers insist they want to keep Greece in the euro­zone, but are putting off any agree­ment on how they hope to accom­plish that. Greece says it, too, wants to stay in the euro­zone, but until after elec­tions it’s uncer­tain whether it can imple­ment the aus­ter­ity that Europe has set as a con­di­tion for doing so.

Europe faces difficult search for growth

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WASHINGTON — On paper at least, Euro­pean lead­ers agree: They need stronger growth mea­sures to help their economies expand out of their 2 ½-year-old gov­ern­ment debt cri­sis. Fig­ur­ing out exactly what those new steps might be will be the hard part.

Obama: NATO shifting to help peace in Afghanistan

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CHICAGO — The NATO alliance that has fought for a decade in Afghanistan is help­ing that nation shift toward sta­bil­ity and peace, but there will be “hard days ahead,” Pres­i­dent Barack Obama said Sun­day as alliance lead­ers insisted the fight­ing coali­tion will remain effec­tive despite France’s plans to yank com­bat troops out early.

Austerity now dirty word in Europe, but what next?

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PARIS — The day after Fran­cois Hol­lande rode to power in France on a slo­gan of “change now,” the con­ver­sa­tion in Europe was already dif­fer­ent Mon­day: Aus­ter­ity had become a dirty word.

France gets new leader, Europe new direction

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PARIS — France handed the pres­i­dency Sun­day to left­ist Fran­cois Hol­lande, a cham­pion of gov­ern­ment stim­u­lus pro­grams who says the state should pro­tect the down­trod­den — a vic­tory that could deal a death blow to the drive for aus­ter­ity that has been the hall­mark of Europe in recent years.

Europe’s debt fix falters, rattling markets

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FRANKFURT, Ger­many — Europe’s plan to fix its debt cri­sis by impos­ing bud­get cuts frayed Mon­day. Heavy sell­ing rocked finan­cial mar­kets, uncer­tainty gripped two gov­ern­ments, and the eco­nomic out­look dark­ened across the continent.

Dow average closes within 50 points of 13,000

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NEW YORK — The Dow edged teas­ingly close to the 13,000 marker on Fri­day, a mile­stone it hasn’t reached since before the finan­cial cri­sis brought the U.S. econ­omy to its knees.

All EU nations but UK open to joining new treaty

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BRUSSELS (AP) — The Euro­pean Union said Fri­day that 26 of its 27 mem­ber coun­tries are open to join­ing a new treaty tying their finances together to solve the euro cri­sis. Only Britain remains opposed, cre­at­ing a deep rift in the union.

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