Bumped
Snip ~ "He said governments were seeking to influence the approach to be taken at the next EU summit at the end of June"
June 3, 2012
Germany Gives Ground on Crisis Plan
Berlin, Germany is sending strong signals that it would eventually be willing to back ideas such as joint European bonds or a banking union if European leaders are willing to give up more sovereignty and transfer significant powers over national budgets to Europe, a step that, if embraced, would redesign monetary union and be one of the boldest steps taken by the bloc since the euro was launched.
Europe has been blocked from taking bold steps to stem the crisis and calm financial markets because leaders can't bridge two fundamentally different approaches.
Countries such as France believe Europe must create instruments ...
Read Full Article Here
