Merkel compares fighting debt crisis with marathon

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Source: Bloomberg
German Chancellor Angela Merkel in her speech compared tackling debt crisis with marathon. She also rejected again the idea of issuance of common Eurobonds as well as claimed that ECB should not be required to resolve crisis alone. Merkel emphasized that the role ECB is different from that of Fed or Bank of England. Chancellor told only long term steps can end the turmoil completely. 
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Fri, 02 Dec 2011 12:19:55 GMT

Reuters boss to step down

Tom Glocer, CEO of news group Reuters, announced he is stepping down after running the company for 10 years. He will step down on 1 January and the current chief operating officer, James Smith will replace him. The change follows the worries about a decline in the company's share price by 29% this year.

Fri, 02 Dec 2011 12:44:16 GMT

Italian bonds advance on EU leaders announcements

Italian bond yields decline for a third consecutive day as French President Sarkozy claimed more discipline is needed to solve Eurozone's debt turmoil. The 10-year Italian borrowing costs dropped 13 b.p. or 0.13 percentage points reaching 6.52%. In contrast German bond yields added 2 b.p.reaching 2.18%. ECB's President Draghi confirmed that bank could help to fight the woe if stricter

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