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  • European finance chiefs face renewed debt jitters

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    February 15th, 2011JohnEuropean Economy

    Business Week:

    European ministers face a potential flare-up in the euro’s debt crisis when they meet Monday as investors increasingly worry they might not deliver on their promise of a comprehensive solution.

    Finance chiefs from the 17 euro countries are meeting in Brussels afternoon. Their last get-together in mid-January had been characterized by relative calm in bond markets, after November and December had seen emergency meetings to agree a bailout for Ireland and keep the crisis from spreading to Portugal or Spain.

    But hopes that a promised overhaul of the crisis strategy will prevent some countries from having to default on part of their massive debts — as many economists expect — dimmed earlier this month, when European leaders fought over yet another proposal on how to tackle the crisis.

    Source: http://www.businessweek.com/ap/financialnews/D9LCGPQG0.htm

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