The European Union on Tuesday delayed planned talks among leaders later this week on increasing the currency area’s financial firewall against debt contagion.
The thorny question of beefing up eurozone financial defences was meant to have been dealt with over lunch on Friday, the second day of a summit gathering leaders of the 27 EU states in Brussels.
However, a senior official told AFP that the session had been cancelled amid uncertainty over Germany’s willingness to raise its contribution and after G20 countries delayed a final decision on a related IMF funding increase until April.
The source said a special summit of the 17 euro currency partners could be held instead within the next four weeks or so.
“Don’t rule out a (eurozone) meeting before March ends,” he said.
Eurozone finance ministers open two days of talks at EU headquarters with a discussion on Greece on Thursday afternoon.
The Eurogroup has to check whether Greece has met a string of conditions for a second bailout worth 237 billion euros ($310 billion), by a February 29 deadline. (AFP)
It seems all the money is on the moon?
So help me welcome the next bankrupt state in europe:
http://www.telegraph.co.uk/news/politics/9107485/George-Osborne-UK-has-run-out-of-money.html
there is hardly a country without debt. Greece just leads the dance due to crisis mismanagement.