Posts Tagged 'new post'

(Reuters) – Political and economic crisis in Italy spurred fears of a split in the euro zone with borrowing costs for Europe’s third biggest economy at unsustainable levels and the bloc unable to afford a bailout.

EU sources told Reuters that French and German officials had held discussions on a two-speed Europe with a smaller, more tightly integrated euro zone and a looser outer circle.

The discussions among senior policymakers, still in the realms of the theoretical, have focused on how to ...