europe debt crisis dragging world economies downnew data show the eurozone woes intensifying a global slowdown, with signs that even germany, china and other pillars of growth are in trouble. washington - the eurozone debt crisis is intensifying a global slowdown, with new signs that even powerhouse germany may be faltering, adding to worries about china and other major pillars of economic growth.europe markets: europe stocks zigzag higher, led by oil, banksbargain-hunters stepped in to pick up beaten-down bank and energy stocks in europe on thursday, helping investors shake off downbeat economic data and a disappointing european union leader’s meeting.gordon brown: europe needs a global rescueanother international summit has come and gone without any of the coordinated action that is vital if an ailing european economy is to be revived.lessons of asia unheeded in europe's lofty summitsa foolishly blinkered europe is still putting politics ahead of economics, writes william pesek . |
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