Months of rolling strikes have cost Australian flag carrier Qantas Aus$68 million ($70 million), far more than the damage wrought by the grounding of flights by recent volcanic ash clouds.
Eurozone leaders have agreed to leverage the firepower of their bailout fund to one trillion euros ($1.39 trillion), French President Nicolas Sarkozy said Thursday.
European leaders faced intense pressure to deliver on a promise to resolve the debt crisis at a summit crucial to the world economy as they battled to protect Italy from collapse.
Japanese Finance Minister Jun Azumi said Europe was close to a resolution of its debt crisis and urged the continent's leaders to close the deal for the sake of the global economy.