October 24, 2011
After yet another summit this weekend, European leaders still have not finalized a solution to save Greece from default and recapitalize Eurozone banks.
“Work is going well on the banks,” French President Nicolas Sarkozy told reporters at the Brussels summit yesterday. “On the question of Greece, things are moving along. We’re not there yet.”
Sunday’s meeting marks the 13th summit by European leaders in less than two years, and now all eyes are on the next, scheduled for Wednesday, where EU leaders have vowed to present their plan to solve Europe’s sovereign debt crisis and reassure global markets contagion will be averted.