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Friday, December 14, 2012

EU leaders promise further steps to quell crisis

EU Commission President President Barroso poses with Italy's PM Monti ahead of a EU leaders summit in BrusselsBRUSSELS (Reuters) - European leaders agreed to press on with further steps to shore up their finances and sustain momentum in tackling the debt crisis on Friday, a day after clinching a deal on banking supervision and approving long-delayed aid to Greece. After more than eight hours of late-night talks at a summit in Brussels, leaders promised to push ahead with setting up a mechanism to wind down problem banks, although it was unclear when the facility would be completed. ...



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