French cabinet is dissolved, a victim of austerity battles
PARIS — The collapse of the French government Monday exposed widening divisions both within France’s leadership, and Europe more broadly, over austerity policies that many now fault for threatening to tip the eurozone back into recession.
Cyprus gets first tranche of bailout funds
PARIS — After striking an unprecedented deal in March to make many bank depositors help pay for an international bailout, Cyprus on Monday received 2 billion euros, the first installment of that money, aimed at buttressing the economy after the near-collapse of its banking sector.
In Ireland, austerity is praised by Angela Merkel
DUBLIN — As European leaders scramble to overcome the Continent’s debt crisis, many are pointing to Ireland as a model for how to get out of the troubles.
Debt plan is delayed over French-German disagreement
FRANKFURT, Germany — The grand plan is on pause.
Trade and monetary issues top agenda at G-20 meeting
PARIS — Developed economies still recovering from the financial crisis are looking for ways to regain momentum as the global economy shifts in favor of China and other emerging markets.