British Prime Minister David Cameron called for a major European Union drive to deregulate business and said last year's European bank stress tests did not go far enough.
The world's political and business elite will shelter from the chilly winds buffeting the global economy and plot a new path for capitalism at the annual World Economic Forum in Davos which begins today.
Euro zone finance officials voiced optimism today that a deal to avert a disorderly Greek defaut was imminent and that key building blocks to resolve Europe's sovereign debt crisis are gradually fitting into place.