Skip to main content

Daily News Digest - - Wed, Nov 16, 2011

Daily News Digest - - Wed, Nov 16, 2011: The Wall Street Journal says that with Congress's deficit-reduction supercommittee barreling toward a deadline for striking a big budget deal, both parties are reaching for accounting gimmicks to help reach their target of $1.2tn in savings over 10 years…The Guardian reports that the prospect of a Eurozone breakup intensified on Tuesday night as borrowing costs around the region soared and the Dutch prime minister said it should be possible to expel some members from the currency union…German broadcaster Deutsche Welle reports that the CEO of Germany's biggest bank Deutsche Bank, Josef Ackermann, is under investigation by prosecutors on charges that he gave false testimony during the 2002 bankruptcy trial of German media tycoon Leo Kirch.
-----To continue reading, subscribe to our premium service-----