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Europe Weekly: Crunch time for the euro

state of the union

Europe Weekly: Crunch time for the euro


When leaders start talking about integration or disintegration and only a few days to save the euro, you know things aren’t going according to plan. This week, as the OECD (Organisation for Economic Co-operation and Development) reported the euro zone had fallen back into recession, EU finance ministers moved to bolster the bloc’s emergency bailout fund, the EFSF. Their hope was to create a big enough firewall to protect the likes of Italy and Spain. However, the situation has got so big, and so serious, that leaders have started openly talking about the IMF coming to Rome’s rescue – something many of them once refused to contemplate. In the meantime, France and Germany continue to push for treaty changes ahead of next week’s big EU summit in Brussels. We speak to Elmar Brok MEP to get an insight into what Germany wants. All that and more in this week’s Europe Weekly. To watch the full programme, click on the link above.

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