Wednesday 25 April 2018

EU in series of crisis meetings as contagion threatens France

Herman Van Rompuy. Photo: Getty Images
Herman Van Rompuy. Photo: Getty Images reporters

EU leaders are today holding a series of crisis meetings as the eurozone crisis contagion threatens France and Italy.

The meetings come on the eve of new proposals to be unveiled by the European Commission to tighten fiscal discipline in the eurozone.

The possibility of issuing joint bonds to pool debt among the 17 euro nations is also being discussed..

Italy’s new premier Mario Monti will hold talks with EU president Herman Van Rompuy and European Commission chief Jose Manuel Barroso to discuss plans for his cabinet of technocrats.

Greek premier Lucas Papademos met the two top EU officials on Monday and was to meet Eurogroup chief Jean-Claude Juncker in Luxembourg today.

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