Wednesday, October 26, 2011

Europe today - Hopes low ahead of EU summit (Do they know what they are doing)

From: Euronews  | Oct 26, 2011
http://www.euronews.net/ The EU's 27 heads of state file into a summit today with sounds off suggesting they will not clinch a significant deal on the eurozone crisis.




The 17 eurozone finance ministers appear to have failed. With the Greek situation still perilously poised no hard numbers will be released as to how much a rescue will cost, or how it will be pulled off.




All agree Greek debt needs to be slashed, banks need recapitalisation, the EFSF fund needs more money, and Italy needs more serious economic reforms or it will be the next nation in trouble.

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