Wednesday, 23 May 2012

Slurp and munch

As EU leaders chomp their way through dinner at the EU summit, a summit which will not take any decisions, the talk in Brussels is of Greece existing the euro.

The press conference held by Barroso and van Rumpoy is unlikely to go down well with the markets.  Proposals for growth are simply restatements of existing EU policy.  There was discussion on moving towards greater monetary union, but all that is to happen is that a list of options will be produced in the next five weeks for discussion.  Greece is welcome to stay in the eurozone but must meet its austerity obligations.
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Also:  See also:  (Google Chrome will translate into English.)

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