Index Provider Financial Resources blog with forex trading, personal finance, technology and stock markets advices.

23Oct/110

EU reach partial deal on averting crisis

European Union finance ministers in Brussels have reached a deal to help stabilise the Eurozone debt crisis. Banks in the Eurozone will have to raise more capital to protect themselves against market turmoil. But there's still no agreement on expanding the wider Eurozone bailout fund for indebted countries. But ministers say Europe will find a cure for its debt crisis between now and Wednesday. Chancellor Angela Merkel and President Nicolas Sarkozy both cited "progress" before knuckling down to the biggest sticking point on the eve of an EU summit where Italy comes under intense pressure to lift much of the burden. Negotiations in Brussels "will be difficult," Merkel said of a target to shape "definitive decisions" come a second summit called for midweek.

rthk.hk - Finance News

Comments (0) Trackbacks (0)

No comments yet.


Leave a comment

No trackbacks yet.