Eurozone scrambles for crisis response
Wednesday, November 2, 2011
CANNES, France (AP) -- The eurozone is scrambling for a response to the political turmoil in Greece and growing concerns over Italy.
A European official says senior officials from the eurozone will meet again Thursday night on the sidelines of a summit of the Group of 20 leading economies in Cannes.
The official says the meeting will include the leaders of France, Germany, Italy and Spain as well as representatives of the ECB, the EU and the IMF. He was speaking on condition of anonymity because of the sensitivity of the issue.
The eurozone is under pressure to build up firewalls to its debt crisis, which threatens to spread from Greece to the rest of Europe.
At the same time, leaders want a clear sign that Italy will implement reforms meant to save it from financial disaster.