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Euro Last Chance? ‘Mer-Kozy’ race against downgrade

Posted By yihan On December 7, 2011 @ 10:33 am In Money Watch | Comments Disabled

Russia Today [1]
Wednesday, December 7, 2011

The Eurozone is facing immense pressure to come up with a decisive rescue plan to its worst-ever debt crisis. A summit in Brussels later this week is considered the last chance for the Euro. EU leaders are expected to pore over the French and German leaders idea to revise the Lisbon Treaty – the 2009 agreement which reorganised how the entire EU works. President Sarkozee and Chancellor Merkel want tighter eurozone controls, and the power to impose cuts on bailed-out members. Greece, at the epicentre of the crisis, has just approved next year’s austerity measures. But as Yegor Piskunov reports, for some it’s too little too late.

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URL to article: http://www.prisonplanet.com/euro-last-chance-mer-kozy-race-against-downgrade.html

URLs in this post:

[1] Russia Today: http://www.youtube.com/watch?v=Mj5vAA6iRVU&list=UUpwvZwUam-URkxB7g4USKpg&feature=plcp

[2] ‘End of euro road in 48 hours if no summit solution’: http://www.prisonplanet.com/end-of-euro-road-in-48-hours-if-no-summit-solution.html

[3] Last Minute Summit Mutiny Threatens The Future Of The Euro; And Why A Wholesale S&P Downgrade Of Europe Will Be Devastating: http://www.prisonplanet.com/last-minute-summit-mutiny-threatens-the-future-of-the-euro-and-why-a-wholesale-sp-downgrade-of-europe-will-be-devastating.html

[4] Businesses plan for possible end of euro: http://www.prisonplanet.com/businesses-plan-for-possible-end-of-euro.html

[5] Euro hits four-year low on fears debt crisis will spread: http://www.prisonplanet.com/euro-hits-four-year-low-on-fears-debt-crisis-will-spread.html

[6] UK Moves Could Cripple Progress To Save The Euro: http://www.prisonplanet.com/uk-moves-could-cripple-progress-to-save-the-euro.html

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