View more on these topics

EU sets two-week deadline to tackle debt crisis

European Union leaders have set themselves a two-week deadline to agree a comprehensive plan to resolve the eurozone debt crisis, according to the Financial Times.

The FT reports that EU leaders are meeting on October 23 to finalise the terms of what European Council president Herman Van Rompuy is calling “our comprehensive strategy” to resolve the debt crisis.

The issue splitting EU countries is Greece. A German-led group of countries wants to see the terms of the second £95bn Greek bailout revised, but France and others are reluctant over fears such a move could spread panic.

Senior European officials have also said they were close to a consensus on plans to recapitalise Europe’s banking sector.

Separately, a Slovakian vote on increasing the powers of the eurozone bailout fund, the European Financial Stability Facility is taking place later today. The measures to be voted on include expanding the size of the fund to be able to lend up to £383bn, and the power to buy eurozone government debt and offer credit lines to member states and to banks.

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

There is one comment at the moment, we would love to hear your opinion too.

  1. So in a fortnights time we’ll all live happily ever after in a land of milk and honey will we?

Leave a comment

Close

Why register with Money Marketing ?

Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

News & analysis delivered directly to your inbox
Register today to receive our range of news alerts including daily and weekly briefings

Money Marketing Events
Be the first to hear about our industry leading conferences, awards, roundtables and more.

Research and insight
Take part in and see the results of Money Marketing's flagship investigations into industry trends.

Have your say
Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

Register now

Having problems?

Contact us on +44 (0)20 7292 3712

Lines are open Monday to Friday 9:00am -5.00pm

Email: customerservices@moneymarketing.com