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dipsydoodle Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Dec-04-11 01:40 PM
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Pivotal week for Europe's leaders and fate of euro
BRUSSELS (AP) -- Europe's sovereign-debt crisis, which has dragged on for more than two years, is entering a pivotal week, as leaders across the continent converge to prevent a collapse of the euro and a financial panic from spreading.

Expectations are rising that Friday's summit of 27 EU leaders will yield a breakthrough. An agreement on tighter integration of the 17 countries that use the single currency - especially on budget matters - would be seen as a crucial first step. That could trigger further emergency aid from the European Central Bank, the International Monetary Fund or some combination, analysts say.

The coming days "will decide if the euro will survive or not," Emma Marcegaglia, the head of Italy's industrial lobby, Confindustria, said Sunday.

French President Nicolas Sarkozy, German Chancellor Angela Merkel, European Central Bank Chief Draghi, and even U.S. Treasury Secretary Timothy Geithner will star in a 5-day financial drama leading up to the summit.

http://hosted.ap.org/dynamic/stories/E/EU_EUROPE_FINANCIAL_CRISIS?SITE=NYSAR&SECTION=HOME&TEMPLATE=DEFAULT

Timothy Geithner will star ? Gonna do a tap dance is he ?
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Demeter Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Dec-04-11 04:32 PM
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1. Poor Timmy is Dancing as Hard as He Can
and still the nation is not interested. Any and all nations.
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