European Central Bank Opposes Higher Taxes

BARCELONA — Ahead of crucial elections in France and Greece, Mario Draghi, the president of the European Central Bank, warned governments on Thursday that opting for the “easier road” of raising taxes to fill public coffers would not solve Europe’s problems.

Outlay of $14 Trillion Hasn't Solved Problem of Debt

WASHINGTON — The amount of money thrown at rescuing the world economy since the beginning of the current crisis is truly staggering — probably more than $14 trillion — and the financial spigots are still open.

Calderon Urges G-20 to Do More to Defuse European ‘Time Bomb’

Jan. 27 (Bloomberg) -- Mexican President Felipe Calderon urged the Group of 20 nations to gather more funds to prevent the European debt crisis from destroying the euro and undermining stability elsewhere in the world.

Global stocks mixed on concern about US, Europe

BEIJING (AP) — Global stock markets were mixed Tuesday amid worries about weak Christmas sales in the United States and Europe and a warning by Japan's central bank about possible risks from the European debt crisis.

G-20 plans $600 bln IMF fund for Europe: Nikkei

SAN FRANCISCO (MarketWatch) -- The Group of 20 Finance Ministers and Central Bank Governors is planning a $600 billion fund for the International Monetary Fund to deal with the European debt crisis, according to Nikkei.com in a Thursday-dated online report.

China Signals Reluctance to Rescue E.U.

HONG KONG — The Chinese government over the weekend sought to tamp down international expectations that Beijing might use its large financial reserves to help ease the European debt crisis.

At the G-20, Small Victories for India

“History is being written in Cannes,” trumpeted billboards around the Mediterranean resort city when world leaders met there last week. And it was, though not as the French might have hoped.