Europe Weekly: Papademos and Monti come to town

Brussels saw Greece and Italy’s new Prime Ministers’, Lucas Papademos and Mario Monti, come to town. Amid the on-going financial turmoil both leaders arrived in the European capital promising action to get to grips with their respective debt mountains. Later during the week, Monti held a tri-lateral meeting with France’s Nicolas Sarkozy and Germany’s Angela Merkel in Strasbourg, though Paris and Berlin failed to find agreement over the ECB becoming a lender of last resort.

The European Commission also made concrete proposals on euro bonds, the idea to pool the debts of all the nations of the single currency. Germany, however, is dead set against this, fearing it will be left to pick up the bill for Europe’s profligate nations. We also speak to a Belgium political expert on-going political and economic woes there. That’s in this edition of Europe Weekly. For more, click on the link above.

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