Europe

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German Chancellor Angela Merkel reacts as she attends a debate about a bailout package for Greece at the German parliament Bundestag in Berlin on June 10, 2011.

 

AP

BERLIN — German Chancellor Angela Merkel said Saturday that it's important to avoid doing anything that could endanger the global economic upswing as Europe battles the debt crisis in Greece and beyond.

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Former IMF chief Dominique Strauss-Kahn gestures during his bail hearing inside of the New York State Supreme Courthouse in New York May 19, 2011.  (Credit: Reuters/Richard Drew/Pool)

 

PARIS (Reuters) - Europe may miss Dominique Strauss-Kahn's leadership in its hour of need even more than will the International Monetary Fund and the French left.

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Former International Monetary Fund leader Dominique Strauss-Kahn, second left, stands with his attorneys William Taylor, left, and Marc Agnifico, second from right, after his bail hearing in New York State Supreme Court, Thursday, May 19, 2011.  (AP / Richard Drew)

 

PARIS — The lawyer for a French writer who alleged former International Monetary Fund head Dominique Strauss-Kahn sexually assaulted her eight years ago says she won't file a criminal complaint against him for now.

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Pedestrians in Shanghai's financial district last September. China's $300-billion sovereign wealth fund is looking for investment opportunities in debt-hit Europe even though it is not very optimistic about the region's prospects, a media report says.

 

AFP - China's $300-billion sovereign wealth fund is looking for investment opportunities in debt-hit Europe even though it is not very optimistic about the region's prospects, a media report said Saturday.

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An anti-Gadhafi rebel stands behind his anti-aircraft gun, as other rebels fire rocket launchers, seen at left, during fighting against pro-Gadhafi fighters, in Sedra, eastern Libya, Wednesday, March 9, 2011.  (AP / Hussein Malla)

 

BRUSSELS, Belgium — An emergency European Union summit on Libya brought a no-fly zone no closer, but leaders embraced a new Libyan opposition group as a viable partner after cutting all contact with strongman Moammar Gadhafi.

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