Failure to agree a rescue package would be a heavy blow for the EU - both politically and economically. Our Brussels correspondent Jenniter Rankin writes: The hardest-hit countries already have access to a €540bn financial cushion, but France, Germany, Italy and Spain see this as inadequate to the scale of the looming recession. Leaving Brussels empty-handed would also be a damaging political blow, tarnishing the EU’s prestige and raising questions about its ability to act in a crisis.
Remember the few who said the EU is going to fall? Really wanna see their faces now
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: