(EU) Market has been waiting for the European Leaders to solve the debt crisis and expectations are at all time high going into the EU Summit as Germany stated today that “[Germany] was willing to go far as needed to move towards fiscal union as the process is irreversible; Germany may be willing to move sooner than expected to accept shared liability of euro-zone debt and would support short-term measures to deal with the acute financing problems facing some of the region’s governments”… Although the comment was taken out of context and Germany soon corrected it in a follow-up release that its position on the Eurobond is still the same (which is a big “no”), analysts now have hope that perhaps this EU Summit will be more fruitful than its predecessors…
Here are some important topics for this Summit:
The short-term proposals are expected to fall under these five main topics:
The long-term proposal are:
And of course, let’s not forget the Spain’s banking aid and the potential 3rd Greek Bailout as the new coalition government letter requested 2 years extension on jobless benefits, cancellation of tax hikes in restaurants, farms, and the 150K proposed government jobs cut.
Seven Important Topics For The EU Summit
June 28, 2012 by 7 Comments