EU entering ‘critical period’ to resolve debt crisis

November 30, 2011 05:58

[A] top official said the region had just days to take decisive action to resolve the crisis. – BBC

From BBC News


EU Monetary Affairs Commissioner Olli Rehn said: “We are now entering the critical period of 10 days to complete and conclude the crisis response”.

The meeting comes a day after eurozone ministers agreed measures to expand the region’s bailout fund.

But they said it was unlikely to hit its 1tn euro ($1.3tn; £860bn) target.

Meanwhile, the latest figures from the European Central Bank (ECB) show that eurozone banks are becoming increasingly nervous about lending to each other.


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