Euro Gains From 1-Month Low on Optimism Europe Moving on Debt

Nov. 12 (Bloomberg) -- The euro rose from a one-month low versus the dollar amid optimism European leaders are tackling their debt crisis after Italy’s Senate approved an austerity bill yesterday and Greece swore in a new prime minister.

Asia-Pacific talks seek unity on euro crisis

Asia-Pacific finance ministers, increasingly alarmed by Europe's worsening debt crisis, sought a united front on Thursday to push for bolder European action as they shore up their own economies against the fallout.

David Cameron: 'British economy is getting worse as euro crisis goes unresolved'

The British economy is getting worse “every day” that the euro crisis goes unresolved, David Cameron has warned, as he told European leaders that the “world cannot wait” any longer for a rescue package to be agreed.

Italy Five-Year Yield Tops 7%, Berlusconi to Quit

Italian bonds slumped, driving the five-year note yield to more than 7 percent for the first time since the euro was started in 1999, after LCH Clearnet SA raised the deposit it demands for trading the nation’s securities.

Berlusconi's Main Ally Tells Him to Quit

Italian Prime Minister Silvio Berlusconi, under growing pressure to resign, suffered a potentially fatal blow on Tuesday when his main ally, Northern League party chairman Umberto Bossi, called on him to go. Berlusconi faces a crucial vote in parliament on Tuesday that could seal his fate.