Talks Adjourned, Aides Try to Iron Out Euro Rescue Details |
| New York Times - Oct 24, 2011 |
As European officials worked Monday to iron out details of a plan to save the euro, fears were growing that the end result might be another example of European leaders doing as little as they think they can get away with.
After marathon talks in Brussels during the weekend, Angela Merkel, the chancellor of Germany; Nicolas Sarkozy, the president of France; and other leaders decamped to their respective capitals. But high-level aides remained to work on issues like debt relief for Greece and measures to strengthen European banks.
In Italy, Prime Minister Silvio Berlusconi did little to ease the discomfort as he struggled Monday to get his own allies to support pro-growth measures that he first promised in August. During the weekend, Mrs. Merkel and Mr. Sarkozy were openly disdainful of Mr. Berlusconi’s progress so far.
Investors seem to hope that when the leaders reconvene Wednesday, they will take more decisive action than they have in innumerable past summits. Major stock indexes in Europe rose Monday, as did the euro against the dollar.
Read Full Article from New York Times
- Posted: 2011-10-24 14:27:10
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