{"id":575595,"date":"2010-05-22T09:19:25","date_gmt":"2010-05-22T13:19:25","guid":{"rendered":"http:\/\/www.prisonplanet.com\/?p=43705"},"modified":"2010-05-22T09:19:25","modified_gmt":"2010-05-22T13:19:25","slug":"cracks-appear-in-eu-unity-as-fears-spread-for-future-of-the-eurozone","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/575595","title":{"rendered":"Cracks appear in EU unity as fears spread for future of the eurozone"},"content":{"rendered":"

Via Prison Planet.com \u00bb World News<\/p>\n

Vanessa Mock
\nLondon Independent<\/a>
\nMay 22, 2010<\/p>\n

Europe’s governments struggled to mask sharp differences yesterday even as they backed new sanctions for indebted countries in the battle to prevent a debt crisis from spiralling into an emergency that threatens the very survival of the euro.<\/p>\n

Germany’s two houses of parliament rubber-stamped the country’s contribution to the \u20ac750bn (\u00a3652bn) package of loans and guarantees, the so-called “shock and awe” package hammered out by European leaders this month to prevent a Greek-style debt crisis from afflicting any other nation in the euro area with threatened bankruptcy.<\/p>\n

Germany’s backing, despite a mood of public anger over the cost of bailing out Greece, was a clear signal to the markets that the biggest eurozone economy is strongly committed both to ending the debt crisis and to propping up the single currency in the longer term.<\/p>\n

\u00a0But EU finance ministers meeting in Brussels to discuss an overhaul of the rules underpinning the euro were under renewed pressure after a spat between the leaders of France and Germany this week triggered fresh market jitters.<\/p>\n

Since the bailout package was agreed, it has become clear that governments also need to back it with a major review of the rules that govern the euro. But anything that would require an amendment to the EU Treaty risks provoking a political crisis, not least in Britain.<\/p>\n

Full article here<\/a><\/strong><\/p>\n

\"Cracks<\/a><\/p>\n

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