europe reaches deal for new greek aid package, reports say; euro jumps on newseurope reaches deal for new greek aid package, reports say; euro jumps on newsu.s. to europe: build bigger debt firewallwashington (reuters) - treasury department officials expressed cautious optimism on wednesday that europe was gaining ground on its sovereign debt crisis but cautioned that it still must put up a convincing financial firewall against the risk of contagion. speaking ahead of a group of 20 meeting in mexico, treasury's under secretary for international affairs, lael brainard, said europe'...in europe, spending cuts fail to ease debt burdenseurope has endured the pain of layoffs, wage cuts and tax increases designed to bring government debt under control.maersk cuts 9% of asia-europe capacity to restore profitsmaersk line, the world’s largest container carrier, said it will cut 9 percent of its shipping capacity on asia to europe, its largest trade route, in an effort to restore profitability. |
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