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.
UAE. S&P expects Abu Dhabi's government balance will worsen further based on the ratings agency's updated oil price assumptions; However, the emirate's large net asset
position will continue to give it a considerable buffer to support the economy; Continued structural and institutional weaknesses anticipated.