Euro ministers under pressure to make progress
Eurozone finance ministers meet Monday under pressure to push ahead quickly with measures agreed last month to tackle the debt crisis as market sentiment turns increasingly negative.
French President Francois Hollande (R) and German Chancellor Angela Merkel attend a ceremony in the Cathedral on July 8, 2012 in the northern French city of Reims, during a day of ceremonies to commemorate the 50th anniversary of renewed Franco-German relations after World War II.
File photo of Eurogroup president Jean-Claude Juncker. Monday’s meeting may also discuss who should succeed Juncker, who is due to step down on July 17, as head of the eurozone finance ministers group.
AFP – Eurozone finance ministers meet Monday under pressure to push ahead quickly with measures agreed last month to tackle the debt crisis as market sentiment turns increasingly negative.
European leaders hailed a June 28-29 EU summit as a breakthrough, promising fresh capital for Spain’s struggling banks, a European bank union to keep the lenders in line and making it easier for the bloc’s new bailout fund to help states in trouble. Read more
