As EU leaders emerged from their marathon negotiations on resolving their nations’ multi-faceted financial crisis, all proclaimed victory while speaking in ways designed to be well-received in their own countries.

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Too sensitive to be aired extensively in public, a potentially crucial element in this week’s “make-or-break” negotiations on the eurozone’s debt crisis is a possible buy-in by the International Monetary Fund.

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Foreign Companies That Aren’t So Foreign by D.C. Denison in the Boston Globe (10/16). European direct investment in the U.S. is a sustaining force for American employment across the country.  In Massachusetts, for example, nearly 120,000 people are employed at popular “local” businesses that are actually European-owned companies – mainly from Britain, France, Germany and the Netherlands. Awareness of this transatlantic stake sensitizes people in the Boston area to the implications of the eurozone crisis. Recommended by European Affairs. (10/19)

An open letter co-signed by Bertrand Collomb, chairman emeritus of the French bod.collombmultinational, Lafarge, who is a board member of the European Institute.

The letter calls on the leaders of the eurozone to move now -- to create a common treasury for the 17-nation group together with common supervision, regulation and deposit insurance. This fiscal convergence needs to be accompanied by a strategy that includes growth as the only way to surmount the debt problem, it states.

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As Jean-Claude Trichet gave his final news conference before stepping down as president of the European Central Bank, speculation focused on the likely stance of his successor – Italian central banker Mario Draghi – amid the euro-turmoil.

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