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