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Email this article: Europe vows closer union at G20 summit
Posted: Tue June 19, 2012 5:06 pm
INTERNATIONAL. Under pressure from financial markets and anxious world leaders, Europe agreed to move towards a more integrated banking system to stem a debt crisis that threatens the survival of the euro.
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SAUDI ARABIA. Saudi Arabia will need to keep cutting oil output to sustain prices above US$100 a barrel, according to BNP Paribas and Societe Generale; "We are swimming in crude, and they know that better than anyone because they are the biggest exporter."
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