EU Moves to Defend the Euro
Despite sounding more like an arcade than a currency oversight organization, European Union leaders have agreed to set up an official bailout fund for eurozone members as soon as 2013, doing “whatever is required” to defend the beleaguered currency.
Despite sounding more like an arcade than a currency oversight organization, European Union leaders have agreed to set up an official bailout fund for eurozone members as soon as 2013, doing “whatever is required” to defend the beleaguered currency. –JCL
Wait, before you go…Al-Jazeera English:
European Union leaders have agreed to set up a permanent bail-out fund for eurozone members by 2013, as the region’s economic woes gather pace.
Members of the 27-nation bloc agreed to do “whatever is required” to defend the shared euro currency as they met for a two-day summit in Brussels, the Belgian capital.
“The European Union is not only an economic union and a trade bloc, but also an important geopolitical partner,” Herman Van Rompuy, the EU president said.
“We are clearly moving in the right direction.”
If you're reading this, you probably already know that non-profit, independent journalism is under threat worldwide. Independent news sites are overshadowed by larger heavily funded mainstream media that inundate us with hype and noise that barely scratch the surface. We believe that our readers deserve to know the full story. Truthdig writers bravely dig beneath the headlines to give you thought-provoking, investigative reporting and analysis that tells you what’s really happening and who’s rolling up their sleeves to do something about it.
Like you, we believe a well-informed public that doesn’t have blind faith in the status quo can help change the world. Your contribution of as little as $5 monthly or $35 annually will make you a groundbreaking member and lays the foundation of our work.
Support Truthdig
There are currently no responses to this article.
Be the first to respond.