EU entering ‘critical period’ to resolve debt crisis
[A] top official said the region had just days to take decisive action to resolve the crisis. – BBC
From BBC News
EXCERPTS:
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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