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Religion & Law

: Constitutionally Correct

EU leaders mulling extra budget steps for Greece

By Alliance Alert

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Wall Street Journal: "European Union finance ministers, reluctant to offer Greece immediate financial support, are debating additional steps Greece could take to tame its budget deficit . . . The EU leaders' declaration on Thursday called for countries that use the euro to take 'determined and coordinated action, if needed, to safeguard stability in the euro area.' This briefly appeased nervous investors, but the lack of ready funding help and a murky strategy later caused the euro to slump, trading at about $1.3598 at 1630 GMT Monday."

Full post as published by Constitutionally Correct on February 15, 2010 (boomark / email).

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