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9/10/08

M&C: EU economic ministers risk nasty talks in Nice

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EU economic ministers risk nasty talks in Nice

The European Union's finance ministers are to hold informal talks in the sunny French Riviera on Friday and Saturday. The 'baddies': Britain's Alistair Darling, Italy's Giulio Tremonti and France's Christine Lagarde, whose sagging economies are dragging the rest of the EU into communal decline while ballooning budget deficits prevent them from doing much about it. The Nice gathering will come on the back of the latest economic forecasts of the European Commission, which on Wednesday predicted a lower-than-expected 2008 growth rate for the 27-member bloc of just 1.4 per cent.

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