Why all the fuss about the EU meeting tomorrow? The euro zone has been in a state of chassis, as Sean O’Casey might say, for almost two years, with Greece, Portugal and Ireland all having to be bailed out. Fears have grown in recent months that the region’s sovereign-debt problems could spread to larger European countries, such as Italy and Spain, and the weakness of European banks has cropped up as another major cause for concern. After much dithering, two weeks ago Europe’s leaders finally pledged to agree on a comprehensive plan to save the single currency. The deadline for cobbling together a deal was set for tomorrow’s European Council summit in Frankfurt.
For more: Give me a crash course in . . . tomorrow's EU summit - The Irish Times - Sat, Oct 22, 2011
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