economic crisis News

The leaders of France and Germany face a stark choice in talks on Tuesday over whether to begin steering the embattled euro zone towards closer fiscal union or risk watching the bloc unravel. French President Nicolas Sarkozy and German Chancellor …

Allianz and Generali followed rivals in aggressively writing down holdings of Greek government bonds on Friday, fuelling investor concerns about the possible impact on insurers of a worsening sovereign debt crisis. Analysts say major European insurers have moderate exposure to …