Friday, December 9, 2011

Difficult start for crunch EU debt summit




















Divided EU leaders battled over treaty change Friday at a crunch summit on the debt crisis undermined by an ECB warning that there will be no big boost in rescue funding.

Leaders took tentative steps to implement a so-called "golden rule" asking countries to set balanced budgets until debt levels drop, although this was only agreed "in principle" with political wriggle room remaining, diplomats said.


AFP