Europe pushes ahead with fiscal union, UK isolated

BRUSSELS (Reuters) - Europe secured an historic agreement to draft a new treaty for deeper economic integration in the euro zone on Friday, but Britain, the region's third largest economy, refused to join the other 26 countries in a fiscal union and was left isolated.

Can EU Heads of State Stabilize Euro Crisis? Will a Franco-German Consensus be Imposed on EU Member Countries?

Newswise — WASHINGTON, D.C. (December 8, 2011) – European heads of state are meeting for an EU summit aimed at trying to stem the deepening euro-area financial and sovereign debt crisis.

Euro Fluctuates Before Leaders’ Debt Crisis Summit, ECB Rate Statement

The euro fluctuated against the dollar, after erasing earlier losses, as optimism increased that European leaders will be able to agree on measures to help solve the region’s debt crisis.

Euro zone economy heading for steep contraction in Q4: PMIs

LONDON (Reuters) - The escalating sovereign debt crisis has already pushed the euro zone economy into a contraction that could be far worse than economists had expected, business surveys suggested on Monday.

Service Industries in U.S. Probably Expanded at Fastest Pace in Six Months

Service industries in the U.S. probably expanded in November at the fastest pace in six months, a sign the economy is accelerating in the final months of 2011, economists said before a report tomorrow.