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Germany's Schaeuble: crisis may last for 2 years
Germany's finance minister estimates that Europe's spiraling debt crisis could last up to another two years.Wolfgang Schaeuble also says it's vital that during this weekend's summit in Washington Europe's leaders show the world they are moving more quickly to stem the crisis that is jeopardizing economic recovery around the world.Speaking on French radio Europe 1 Friday, Schaeuble said "In 12 to 24

Germany's Schaeuble: crisis may last for 2 years
Germany's finance minister estimates that Europe's spiraling debt crisis could last up to another two years.

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G8 leaders look to head off euro zone crisis

Leaders of major industrial economies meet this weekend to try to tackle a full-blown crisis in Europe where fears are growing that Greece could leave the euro zone bloc, threatening the future of the

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Schaeuble: Euro zone market turmoil to last 12-24 months

Market turmoil over the euro zone crisis could last another 12 to 24 months, German Finance Minister Wolfgang Schaeuble said on Friday, saying it was up to the Greeks to decide if they wanted to stay

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European shares set for biggest decline since Nov

European shares weakened on Friday, set for their biggest weekly decline since November, after Spanish banks were downgraded by Moody's overnight and Fitch cut its debt rating for Greece. The

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Euro zone fears propel dollar, shares in red for year

The U.S. dollar climbed, world shares fell and German borrowing costs hit record lows on Friday as a deepening Spanish banking crisis, uncertainty about Greece's future in the euro zone and

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