The weekend’s frantic economic negotiations seem to have borne fruit. There will be more talks in Brussels tomorrow involving EU heads and finance ministers. No one is yet brave enough to say the problems have been solved.
But financial analysts are heaping praise.
Howard Wheldon,, a British financial analyst, said:
“I think the confidence level is rising; governments have come together. They are doing a similar job to sort out the problem, and it is going down well in markets. I am surpised by it. I welcome it, and I take my hat off to them in terms of the job they have done. Now of course the real work begins.”
The President of the European Commission, Jose Manuel Barroso, agrees Europe’s politicians are on the right track.