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Brussels blog by some wire service journalists

EU leaders support growth, give few concrete plans

By RAF CASERT and SARAH DiLORENZO

European Union leaders concluded their latest summit with few concrete steps to fix the continent’s festering financial crisis even as the potential for a messy Greek exit from the euro appears to be rising. Some leaders stressed the importance of planning for just such an event but offered no concessions for Greece’s stringent bailout terms.

The perception that European leaders lack the political will to tackle the continent’s financial and economic problems has left markets on edge for weeks. Recession is spreading and government borrowing costs are on the rise across much of Europe, making it harder for heavily indebted countries to finance their deficits. The biggest fear is that if Greece cannot be saved, other larger economies — like Spain or Portugal — might face the same fate.

READ THE FULL STORY HERE.

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Don Melvin

Slobodan Lekic

Raf Casert

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