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First on EU deal on deficit cuts 10.20.2009 Reuters broke news from an EU finance ministers gathering on Oct 20, getting an early copy of their statement on making deep cuts in budget deficits in 2011 and then reporting first, via diplomats, that the ministers had failed in their last attempt to agree funding for the global climate deal talks in Copenhagen in December. Concerns about rising budget deficits have caused bond spreads to widen and volatility in currencies recently, and Reuters was first to deliver reassuring news to markets on the commitment to tackle the budget hole. Reuters Firsts will need at least flash player 9 to give you the full experience. The latest Flash player can be downloaded here	firsts across any industry Commodities & Energy Energy, metals, agricultural and environmental markets FX & Money Markets Macroeconomics, monetary policy, FX and money markets Politics & Risk Politics and political risk Equity & Derivatives Companies, sectors, M&A and the financial industry Fixed Income Sovereign and corporate debt, credit, and ratings firsts by region Americas View stories from this region Europe / Middle East / Africa View stories from this region Asia View stories from this region Emerging Markets View stories from this region

Fixed Income

Sovereign and corporate debt, credit, and ratings

First on EU deal on deficit cuts

10.20.2009

Reuters broke news from an EU finance ministers gathering on Oct 20, getting an early copy of their statement on making deep cuts in budget deficits in 2011 and then reporting first, via diplomats, that the ministers had failed in their last attempt to agree funding for the global climate deal talks in Copenhagen in December. Concerns about rising budget deficits have caused bond spreads to widen and volatility in currencies recently, and Reuters was first to deliver reassuring news to markets on the commitment to tackle the budget hole.

Reuters Firsts will need at least flash player 9 to give you the full experience. The latest Flash player can be downloaded here