At their White House meeting last week, U.S. President Barack Obama assured Greek Prime Minister Antonis Samaras of his support as Greece prepares for talks with creditors on additional debt relief amid record-high unemployment.
The pristine metal and glass laboratories and landscaped lawns of the Olsztyn Science and Technology Park are a shiny emblem of Poland’s transition from communist state to European Union member, at least on appearance.
Nouriel Roubini , the economist who predicted the global financial crisis, said a new Marshall Plan- style fund should be set up for North Africa and the Middle East to stabilize regional economies, according to an article he wrote in Handelsblatt .
Europe needs a new Marshall Plan to help economic “reconstruction” in debt-crisis battered states just as the original plan helped rebuild the continent after World War II, German Social Democrat leader Sigmar Gabriel said.
The euro, European stocks and U.S. index futures rallied, erasing earlier losses, amid reports that European Union officials have come up with a plan to recapitalize struggling banks and halt a surge in bond yields.