EU Ministers Reply to the Economic Crisis
Saturday, May 22, 2010 10:33
EU finance ministers have for the need to agree a little harder on the budgets of Member States, the debt crisis of the Greek.
And, following criticism that Europe is doing too little, too late to defend the euro, they promised to respond more quickly and more effectively in the future. At the first meeting of the new EU Economic Task Force, they agreed to new sanctions were needed to enforce rules.
Countries that break deficit limits could lose EU funds or the voting rights. “Drawing conclusions”The meeting in Brussels comes at the end of another week of turmoil in the deal markets as European countries with the aftermath of the debt crisis in Greece.
The euro fell to its lowest level in four years against the dollar seen in recent days, and the share markets have a major sell-offs.
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