Euro: disaster beckons

Another summit, another failure. Despite repeated attempts to 'stop the rot' and save the euro there is still no sign of a 'comprehensive plan', writes Eddie Ford

To nobody’s great astonishment, the October 23 Brussels meeting of European Union leaders failed to come up with the promised “comprehensive plan” to save the euro zone from collapse. Rather, they agreed to reconvene on October 26 to “finalise” the details on how to tackle the Greek crisis, recapitalise the banks, bolster the European Financial Stability Facility bailout fund and in general prevent debt contagion sweeping the continent - an eventuality that would trigger a world slump.

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Sepia; Nuclear vs coal; Swinging; Hypocritical; Whole point; Implicit threat; What are you doing?; Crisis and cuts; Sustainable

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