The European Union has staved off a meldown for now. December 12, 2011- On Monday, financial markets across Europe and Asia reacted negatively to the European Union’s landmark deal. European stocks were pushed lower and the euro lost value as many investors felt the sovereign debt crisis would get worse. On Friday, all countries in the EU agreed on the deal with the exception of Great Britain. The deal was to pursue a stronger fiscal union, provide strict budget regulations and provide the International... 

The EU elite are desperately trying to hold the Euorpean Union together at any cost. December 2, 2011- In an attempt to stop a global economic crisis, the finance ministers of the 17-euro zone nations are meeting in Brussels. Their goal is to save the common currency in the zone and make sure the global economy is not affected by their sovereign debt crisis. The ministers have begun to discuss ideas that at one time were unthinkable but must be considered in moments of desperation. Ideas included...