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.
BRUSSELS — The countries that use the euro pulled Greece back from an imminent and potentially catastrophic default on Tuesday, when they finally stitched together a euro130 billion ($170 billion) rescue they hope will also provide a lifeline to their common currency.
DAVOS, Switzerland (AP) — Europe’s crippling debt crisis dominated the world’s foremost gathering of business and political leaders, but for the first time the growing inequality between the planet’s haves and have-nots became an issue, thanks largely to the Arab Spring uprisings, the Occupy movement and other protests around the globe.
WASHINGTON — Grasping for a deal on the nation’s debt, President Barack Obama and congressional leaders remained divided Sunday over the size and the components of a plan to reduce long term deficits. Saying “we need to” work out an agreement over the next 10 days, the president and lawmakers agreed to meet again Monday.
WASHINGTON — French Finance Minister Christine Lagarde has been chosen to lead the International Monetary Fund. She will become the first female managing director of the global lending organization.
PARIS — France’s frank, hard-working and chic finance minister, Christine Lagarde, emerged Friday as Europe’s likely choice to lead the International Monetary Fund.