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Eurozone debt crisis could rip E.U. apart: officials
Posted By admin On September 14, 2011 @ 8:11 am In Money Watch,Tile | Comments Disabled
Sept 14, 2011
The eurozone debt crisis now threatening banks could destroy six decades of post-war European integration, top EU officials warned on Wednesday.
The dire warning that post World War II Europe risks disaster came shortly after Moody’s credit rating agency downgraded two French banks and as financial markets increasingly calculate the domino damage if Greece defaults.
“Europe is in danger,” Polish Finance Minister Jacek Rostowski, whose country currently chairs EU meetings, told the European Parliament in Strasbourg ahead of emergency talks between leaders from Germany, France and debt-hit Greece.
“If the eurozone breaks up, the European Union will not be able to survive,” Rostowski said of the currency bloc that comprises 17 of the 27 EU countries, a day before European finance ministers gather in Poland alongside US Treasury Secretary Timothy Geithner.
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URL to article: http://www.prisonplanet.com/eurozone-debt-crisis-could-rip-e-u-apart-officials.html
URLs in this post:
 AFP: http://www.rawstory.com/rs/2011/09/14/eurozone-debt-crisis-could-rip-e-u-apart-officials/
 Eurozone debt crisis: it’s fiscal union or bust, says Pimco: http://www.prisonplanet.com/eurozone-debt-crisis-its-fiscal-union-or-bust-says-pimco.html
 EU officials expect Greece to default but stay in eurozone: http://www.prisonplanet.com/eu-officials-expect-greece-to-default-but-stay-in-eurozone.html
 Eurozone back on the brink as France has credit rating downgraded: http://www.prisonplanet.com/sp-downgrade-of-france-others-imminent-reports.html
 France plots eurozone ‘breakaway group’: http://www.prisonplanet.com/france-plots-eurozone-breakaway-group%e2%80%99.html
 Cracks appear in EU unity as fears spread for future of the eurozone: http://www.prisonplanet.com/cracks-appear-in-eu-unity-as-fears-spread-for-future-of-the-eurozone.html
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