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European stocks tumbled to a two- month low amid mounting concern about the region’s debt crisis and as a U.S. report showed employers in the world’s largest economy added fewer jobs in March than forecast. UniCredit SpA (UCG), Intesa Sanpaolo SpA and Banca Popolare Di Milano Scarl (PMI) dropped more than 6.5 percent. Banco Santander [...]

Europe’s creditor countries struggled to bridge divisions over a rescue of Greece, seeking more control over how future aid is spent as the clock ticked toward a possible default next month. Stocks and the euro fell. In a replay of the brinkmanship that marked the early stages of the Greek crisis two years ago, euro-area [...]

Eurozone finance ministers have made a series of demands for Greece to get a 130bn euro ($170bn; £110bn) bailout. They said the Greek parliament would have to approve the terms of a package of cuts and reforms agreed with the EU and the International Monetary Fund. In addition, Athens must find a further 325m euros [...]

European finance ministers held back a rescue package for Greece in a rebuff that left lawmakers in Athens under government pressure to endorse a newly minted austerity plan or exit the euro. “In short: no disbursement without implementation,” Luxembourg Prime Minister Jean-Claude Juncker said in Brussels late yesterday after chairing emergency talks of euro-area policy [...]

U.S. stocks were little changed, a day after the Standard & Poor’s 500 Index rallied to a seven- month high, as investors weighed an agreement by Greek political leaders on measures needed to secure rescue funds. Visa Inc. (V), the biggest payments network, climbed 5.4 percent as profit soared 16 percent. Akamai Technologies Inc. (AKAM), [...]

European (SXXP) stocks dropped, with the Stoxx Europe 600 Index trimming a six-month high, as Greece struggled to reach a deal with its international creditors. U.S. index futures fell, while Asian shares rose. Societe Generale SA, France’s second-biggest lender, and Credit Agricole SA (ACA) lost more than 3.5 percent. Vedanta Resources Plc (VED) slipped 3.2 [...]

Greek Prime Minister Lucas Papademos struck a tentative deal with political parties on austerity measures demanded by international creditors as European leaders maintained pressure to complete terms for a 130 billion-euro ($171 billion) rescue package. Chiefs of the three parties supporting Papademos’s interim government were due to meet with the premier at about midday to [...]

The market had its sights trained on Italy and Greece for much of 2011 as the Mediterranean economies struggled on the euro zone’s largest debt-to-gross domestic product ratios – and this is unlikely to change in 2012, according to analysts. “The first half of 2012 will be the time when we will get a better [...]

The search for a silver bullet to fix Europe’s debt mess again has come up empty. Like so many proposals that came before it, the tentative agreement crafted from Friday’s European summit generated a day of euphoria followed by careful reflection and, then, more pain. Global equity markets slumped Monday, bringing an abrupt end to [...]