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ECB holds emergency call on Italy debt crisis and market fallout
The European Central Bank convened an emergency conference to discuss preventing Italy's debt crisis from worsening and stabilizing markets after the U.S. credit downgrade. G 20 officials weighed steps to limit shocks while Italy seeks reforms and a 2013 budget balance, with eurobond purchases eyed as a measure to trim yields. Market volatility spread to Asia and Middle East as fears of a global slowdown mount.
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Frankfurt
Germany
European Central Bank
Italy
U.S
Atlantic
Associated Press
ECB
Greece
Ireland
Portugal
Silvio Berlusconi
Angela Merkel
Nicolas Sarkozy
Spain
Group of
South Korea
Central Bank
Japan
Kyodo
G-7
Britain
Canada
France
China
Brazil
Russia
India
Jean- Claude Trichet
Belgium
Eurozone
Asia
Standard & Poor’s
Europe
Middle East
Egypt
Gulf