The Delaware Gazette

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.

OPEC leaves output on hold, causing oil price jump

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VIENNAOPEC unex­pect­edly left its pro­duc­tion lev­els unchanged Wednes­day, caus­ing oil prices to jump, as senior offi­cials said their meet­ing ended in dis­ar­ray — a stun­ning admis­sion for an orga­ni­za­tion that places a pre­mium on con­sen­sus deci­sion mak­ing. OPEC offi­cials said that because of a pol­icy dead­lock, the group will main­tain present out­put ceil­ings with the option of meet­ing within the next three months to con­sider a hike.

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