For France and Germany, but the primary goal of the summit is to change the EU treaty in an attempt to make sure that no other debt crisis ever happen again. If necessary, they say, could make the 17 – country euro zone ‘s own contract, the other willing nations could join.
An early draft conclusions of the summit, which was seen by the Associated Press that a permanent euro500 billion bail-out fund, which could come into force as soon as July should not be loans loans already be s of the Union given the existing rescue fund.
These obligations could already the bailouts for Ireland and Portugal about euro200 billion once to achieve a second rescue for Greece and loans to other countries recapitalize banks for for.
At stake at the summit in Brussels Thursday evening Thursday evening, is not only the future of the euro, but also the stability of the global financial system and the balance of power in Europe.. Continue reading