Today's Coming Crisis Movie

Wednesday, May 23, 2012

Cameron Angry At Failure To Agree Euro Crisis....But predictably they did push on European Closer Integration As the ONLY Solution Again....Yay!

A summit of European leaders has ended without clear agreement on how best to restore confidence in the euro, despite pleas from the British PM to get a grip on the crisis.

The informal dinner stretched into the night as the 27 leaders chewed on ways to boost growth.

These ranged from lending more money to small and medium businesses and redeploying structural funds to help generate youth employment.

The President of the European Council, Herman Van Rompuy, said the discussions were "focused and frank" and ended with broad agrement that in order for the single currency to survive, economic and monetary union needs to be taken to "a new stage".

Jose Manuel Barroso, the head of the European Commission stressed that everyone wanted Greece to remain in the euro but warned: "We will stand by Greece while Greece stands by its commitments" to international lenders. Read More