Europe News
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Germany said European Union leaders won’t provide the complete fix to the euro-area debt crisis that global policy makers are pushing for at an Oct. 23 summit.
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European stocks fell, paring three weeks of gains for the Stoxx Europe 600 Index, as a German government spokesman said that euro-area leaders will not provide a complete fix to the debt crisis at their next meeting.
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Ernst & Young LLP’s ITEM Club cut its U.K. growth forecast and said the Bank of England should lower its key interest rate as its new stimulus earlier this month is unlikely to be enough to revive economic growth.
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Citigroup Inc., the third-largest U.S. bank by assets at midyear, said it has $32.4 billion in funded and unfunded exposure in France and Belgium before so- called hedges.
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