The same European countries that were instrumental in turning Greece’s accounting problems into an international financial crisis are now promising coordinated fiscal action, with the details of a treaty to be worked out in the coming weeks. The European Central Bank lowered interest rates this week in an effort to reduce banks’ and governments’ borrowing costs.
A live letter-bomb was sent to a Deutsche Bank executive, but was intercepted by mail workers and disarmed by police. The return address indicated the package was sent from the European Central Bank. Police say a political group, in a letter written in Italian, claimed responsibility for the device and possibly two others.