EU Debt Summit Begins in Brussels

European officials are meeting today in Brussels to begin discussions on solving the growing debt crisis sweeping the region. Talks will center on the details for a second bail-out for Greece while finding ways to prevent Italy and Spain next falling victim to the debt contagion spreading through several economies.

“Today could see the next in a series of major initiatives to combat the corrosive pace at which this crisis is spreading,” Jim Reid, global strategist at Deutsche Bank AG in London, said in a note to clients today. “The European Union has a chance of winning a big battle even if the war proves far more difficult.”

Source: Bloomberg

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