Wednesday, December 7, 2011

EU summit to seek bigger 'bazooka' against crisis

Eurozone leaders will seek a bigger so-called bazooka against the debt crisis and mull radical steps towards deeper union with treaty change at an EU summit starting late on Thursday.

"The markets don't give a hoot about treaty change as it's all long-term," said an EU source close to backroom talks ahead of the two-day meet. "Money is all they care about and we need to convince."


AFP