By Nelson D. Schwartz of the The New York Times link to article:
Protesters hold a banner which reads “no to the austerity policy, raise the salaries” during a demonstration to protest against austerity measures in Paris, Tuesday, Dec. 13, 2011. (AP Photo/Michel Euler) “Europe’s leaders are bracing their nations for a turbulent year, with their beleaguered economies facing a threat on two fronts: widening deficits that force more borrowing but increasing austerity measures that put growth further out of reach.
“French President Nicolas Sarkozy will meet Jan. 9 with German Chancellor Angela Merkel to discuss a new fiscal treaty intended to impose stringent budget requirements on European Union nations. Continue reading
