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Two factors especially drove the urgency of the meeting, which had already been postponed once: the worsening situation in Greece, where strikes and protests erupted last week, and the rising cost for Spain and Italy to borrow money, a sign of mounting speculative press イヴ けいた ure. Washington also put considerable pressure on European leaders to make decisions before the Group of 20 summit meeting in early November, because the long euro crisis is straining the global economy.
Even so, participants at the summit meeting, originally intended to be definitive, had to put off some final decisions until Wednesday because of political and financial complexities. The meeting on Sunday, which included a separate session of the 17 nations that share the euro currency, was tense and sometime イヴ けいた s acrimonious. French and German leaders told Prime Minister Silvio Berlusconi of Italy in blunt terms that he must move faster to reduce his country’s huge debt of nearly two trillion euros ($2.8 trillion), or about 120 percent of gross domestic product, which makes his country a target of speculators. PR |
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