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.
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:
Remember the few who said the EU is going to fall? Really wanna see their faces now