in europe, spending cuts fail to ease debt burdenseurope has endured the pain of layoffs, wage cuts and tax increases designed to bring government debt under control.greece bailout wards off europe meltdownthe bailout has saved europe, for now, but it's unlikely to save greece.maersk cuts 9% of asia-europe capacity to restore profitsmaersk line, the world’s largest container carrier, said it will cut 9 percent of its shipping capacity on asia to europe, its largest trade route, in an effort to restore profitability.europe close: greek fall out dampens markets-markets fall on greek deal -concerns that €130bn bailout insufficient -seniority of publically held debt established |
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