The European Central Bank could begin exiting its phase of loose monetary policy from July, ECB Executive Board Member Juergen Stark was quoted as saying by German weekly magazine WirtschaftsWoche on Saturday.
The United States suggested Europe's debt crisis would have minimal impact on global growth, but China took a more pessimistic view, warning it would impact demand for its exports and other regions would suffer too.
Germany's parliament approved on Friday a $1 trillion safety net to stabilize the euro as fears swirled that Europe's debt crisis and tougher financial regulation may choke economic recovery.
Stocks slid further around the world on Friday on fears Europe's debt crisis and tougher financial regulation will hurt a global economic recovery, as Germany prepared to vote on a massive standby package to stabilize the euro.
Germany is poised to approve on Friday the lion's share of a $1 trillion safety net for financially troubled euro zone nations as an EU task force looks to toughen regulations within the bloc blighted by a debt crisis that has cast a pall over global economic health.
France and Germany pledged on Thursday to work together to solve a European debt crisis and support the euro, patching up a public rift that had rattled markets around the world.
European stocks rebounded on Thursday as investors sought bargains after the previous day's sharp sell-off but gains were limited by persistent euro zone fears, with the euro remaining under pressure.
The head of the Eurogroup said on Thursday financial markets were acting irrationally over the euro area's debt problems and while he was concerned about the fall in the euro, immediate action was not needed.
Germany stepped up its fight against speculators with a ban on some financial trades on Wednesday, triggering big market falls and wrong footing European governments that said they were not consulted.
Germany declared war on speculators by banning some types of trade on Wednesday, triggering big falls in the financial markets and wrongfooting other European governments, which said they were not consulted.
Shaken by a debt crisis that is hurting their currency, euro zone finance ministers met on Monday to discuss more effective fiscal discipline for now and the longer term. The talks were the first since euro zone governments hatched a $1 trillion plan a week ago in a bid to stabilise nervous financial markets and limit contagion risks after the financial rescue of Greece, the first in 11 years of monetary union.
German Chancellor Angela Merkel said on Sunday that a $1 trillion EU rescue plan had only bought the euro zone time to tackle its fundamental problem -- a yawning gap between its strongest and weakest economies.
European Central Bank President Jean-Claude Trichet denied the euro is under speculative attack despite its steep fall, and called instead for a quantum leap in monitoring to ensure government budgets are kept under control.
Spain belatedly joined the euro zone's austerity bandwagon Wednesday in response to a widening debt crisis as the European Commission sought an unprecedented right of prior review of national budgets.
Spain became the latest euro zone country to announce sweeping austerity measures on Wednesday as the executive European Commission sought unprecedented power to pre-vet national budgets.
Countries within the euro zone should implement a new system of cross-border budgetary co-ordination, the managing director of the International Monetary Fund told the Financial Times in an interview.
Germany's cabinet approved the biggest national contribution to a $1 trillion emergency package intended to stabilize the euro, as global markets sobered up after Monday's euphoric rally.
The euro fell on Tuesday and stocks retreated as a relief rally ignited by a $1 trillion plan to contain Greece's debt crisis ran out of steam, while doubts on how the country will cut its budget deficit persisted.
A $1 trillion emergency package to stabilize the euro zone unleashed a spectacular rally in world stocks on Monday but the euro wiped out initial gains as worries about the region's debt problems persisted.
A $1 trillion global emergency package to stabilize the euro unleashed a spectacular rally in European stocks and bonds on Monday but analysts said EU leaders had only bought time to tackle deep-seated fiscal problems.
European central banks began buying euro zone government bonds under a $1 trillion global emergency rescue package agreed on Monday, sending the euro and European stocks and bonds surging on relieved markets.
A $1 trillion global emergency rescue package to stabilize the euro reversed the slide in world financial markets on Monday but left longer-term questions about whether Europe's weakest economies can manage their debt.
