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

Content is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please access the RSS feed or contact us at info@marketpulse.com. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2023 OANDA Business Information & Services Inc.