Showdown Looms on Euro; Eurozone Deadline Looming
Byline: DAN ATKINSON and SIMON WATKINS
THE future of the euro is hanging in the balance ahead of a crisis summit of European leaders billed as the last chance to save the currency.
Prime Minister David Cameron will travel to Brussels to join the 26 other leaders in the European Council to discuss sweeping changes to the eurozone.
Britain is outside the single currency, but a collapse of the euro would have a catastrophic effect on the fragile British economy.
At the centre of the rescue plans are proposals for 'fiscal union' - forcing eurozone governments to submit their budgets for approval to Brussels.
It is hoped that this would …
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Publication information:
Article title: Showdown Looms on Euro; Eurozone Deadline Looming.
Contributors: Not available.
Newspaper title: The Mail on Sunday (London, England).
Publication date: December 4, 2011.
Page number: 61.
© 2009 Solo Syndication Limited.
COPYRIGHT 2011 Gale Group.
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