Euro zone grapples with uncertainty
The Irish Times - Tuesday, November 8, 2011
ARTHUR BEESLEY in Brussels
EUROPEAN UNION: EURO ZONE finance ministers played for time last night as uncertainty about the fate of Italy rocked markets, and as Europe awaited news from Greece on the conclusion of talks on an emergency coalition government.
The upsurge of volatility on markets has prompted European leaders to bring forward the deadline to agree on the expansion of their bailout fund by four weeks to the end of this month.
The discussions are highly complex, however, and the ministers were not aiming to reach a deal last night. A further emergency meeting is likely before their next scheduled talks on November 29th.
The euro zone meeting was overshadowed by the political ructions in Rome, where the premier, Silvio Berlusconi, was clinging to power, and by Greek talks on a new unity government..........
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