Despite hours of talks, Brussels has little to show

24th May 2012, Comments 4 comments

The EU's crisis summit dragged on until early Thursday but failed to make significant progress. Franco-German differences over eurobonds remain, as do concerns over Greece's future in the eurozone.

4 Comments To This Article

  • ARTHUR BLETCHLY posted:

    on 25th May 2012, 09:06:18 - Reply

    I perceive that there are investors seeking to invest outside the eurozone in property in South Wales
  • ARTHUR BLETCHLY posted:

    on 25th May 2012, 09:03:06 - Reply

    I perceive that there are investors seeking to invest outside the eurozone in property in South Wales
  • HTD posted:

    on 24th May 2012, 11:30:21 - Reply

    Everyone see how fast Chance. Merkel withdrew her advice to Greece for a Euro referendum! LOL
    What an incredible incentive for the CDA/CSU to demand a like referendum for the Euro in Germany as well.
    All of these poorly thought out moves makes one wonder whether the Merkel administration is really able to cope with the current Euroland crisis?
  • HTD posted:

    on 24th May 2012, 11:25:21 - Reply

    As the Euro sinks in value vis a vis the U.S. Dollar, all Euroland economies should benefit including Germany.
    Germany continues to play as if it has not benefited by a weaker Euro. It has been estimated that should the weaker Euroland economies leave the Eurozone that the Euro would strengthen to $1.60 per Euro. That would signifcantly impact on 25% of Germany's non-Euroland exports and most likely through Germany into recession. Perhaps, the best solution would be for Germany to go back to the Deutsch Mark instead.