The euro crisis: Death of a summit

The summit that met on Oct. 20 to resolve the financial crisis in Europe failed to solve the major issues and left some big blanks in their draft. The European finance ministers that met were held in hopes for resolving not just the European crisis but the global financial crisis. The voids that were left on the 20th were planned on being filled on the summits to be held the following two days. However, they didn't happen. Also disagreements towards the solvency of the plan between Germany and France arises that puts things to even a bigger halt. How to approach Greece's crisis is just not being tended to and because of so many differing opinions, nothing is really happening. The Summit has planned to meet again on the 26th and hopefully France and Germany can reach a consensus and draw a plan that may better and lift Europe out of the crisis they are facing.

http://www.economist.com/blogs/charlemagne/2011/10/euro-crisis-0

Pooja Sahai