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European Union leaders have five days to solve debt crisis
Nicolas Sarkozy and Angela Merkel are under pressure from opposition parties to approve a 'grand bargain' or a workable plan to gain international support. Europe has five days to find a solution to the sovereign debt crisis or else the EU itself will collapse, political leaders warned on Sunday at the start of a week of high-stakes summitry. Torn between the need for stability and the desire for solidarity, EU leaders have to find an immediate fix for the broken eurozone and embrace a longer-term plan for fiscal union by Friday night. Portuguese premier Pedro Passos Coelho set the tone for the week in an interview ... (full story)
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