Morning in brief: UK rejects EU cash plea, Draghi downplays euro break-up

Markets fall as a solution to the eurozone debt crisis remains elusive, while AT&T cans its multi-billion-dollar offer for Deutsche Telekom’s T-Mobile USA.

Markets

Stockmarkets in Europe and the US fall after fears resurface that eurozone policymakers are not making progress in battling the region’s debt crisis, according to Bloomberg

Companies

Regulatory opposition causes American telecommunications giant AT&T to drop its $39 billion (£25 billion) bid for Deutsche Telekom’s US wireless unit T-Mobile USA, Reuters reports.

International

The UK refuses to join the other 26 members of the European Union (EU) in contributing more money to the International Monetary Fund, according to the Financial Times. Chancellor George Osborne says the country will only act as part of a process involving all G20 nations, not just the EU.

Mario Draghi, the president of the European Central Bank, downplays a recent interview where he warned of the eurozone’s break-up and says he has “no doubts” about the euro’s survival, says the BBC.

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