Germany rejects calls for Eastern Europe bailout

Germany on Sunday rejected appeals for a single multibillion-euro bailout of Eastern Europe, even after Hungry begged European Union leaders not to let a new "Iron Curtain" divide the Continent into rich and poor.

The swift, strong comments by Chancellor Angela Merkel of Germany dampened hopes that leaders at the EU summit meeting Sunday could forge a unified stance to tackle the worsening economic crisis. more...