Eurozone finance chiefs have gathered in Brussels amid mounting fears of discord between the currency bloc’s southern and northern members following last month’s EU summit deal. Negative market sentiment once again pushed up Spanish and Italian borrowing.
Despite that, France’s finance minister Pierre Moscovici said: ‘‘Since last month’s summit I think Europe has taken a different path. What President Francois Hollande described as a reorientation and stabilisation of European construction. It is our role now to ensure that works.’‘
During the meeting ministers are expected to grant Madrid an extra year to reach its deficit targets and iron out the details of Spain’s banking bailout, though a final decision may have to wait.
Speaking from inside the EU Council euronews’ Enrico Bona said: “All eurozone countries agree more integration to solve the crisis is needed. But the eurogroup risks becoming another battlefield between the North and South of Europe, with some countries casting doubts over the deal drawn up here at last month’s EU summit. If that happens, it won’t just be Spain and Italy that will pay a heavy price, but the Eurozone as a whole.’‘
- 1euronews live TV - News | euronews : the latest international news as video on demand
- 2Russia unveils ‘straight’ flag, internet responds
- 3Seven reasons why Yanis Varoufakis is now a political legend
- 4Greek crisis: ‘Agreement reached’ after marathon talks
- 5[LIVE UPDATES] Greek debt deadline looms
- 6Nasa announces the discovery of an earth-like planet
- 7Is Saudi Arabia outlawing rainbows for being gay?
- 8Pluto: New Horizons space probe provides closest-ever pictures
- 9Latest News Bulletin
- 10French actor Gérard Depardieu ‘a threat to Ukraine national security’
- 11Istanbul Gay pride quashed by riot police, rubber bullets and water cannon
- 12International breaking news | euronews online world breaking news in video
- 13BREAKING: Formal nuclear deal reached with Iran, says diplomat
- 14Greece votes ‘No’ in overwhelming rejection of bailout proposals
- 15International news | euronews, latest international news
- 16‘Imposed’ bailout deal must be implemented, says Greek PM
- 17At least 10 dead in explosion in Turkish town close to border with Syria
- 18Greece clinches deal with eurogroup after marathon talks
- 19Berlusconi linked with a shock return to government – in Russia!
- 20Israel angry as Iran and West talk up nuclear deal