EU Talks Washington Summit Unity Amid More Bad Economic News - Bright spot: Investor confidence improves
European leaders agree on the need to speak with one voice at Saturday's economic summit in Washington. But Europe remains split of how to deal with the increasingly dire economic situation. As the world's leading economic nations and the EU prepare to convene for the emergency economic summit in the American capital, European politicians are stressing their commitment to unity -- at least in words. Even Britain, traditionally somewhat of an outsider in Europe, is talking togetherness.
While some EU states may see the financial crisis as an occasion for governments to rein in out-of-control capitalism, others are more likely to view it as a problem to be overcome while preserving the basics of the current system. Positive news was provided by Germany's Center for European Economic Research, which announced a slight improvement in its poll of investor sentiment. At a near record low last month, the mood has improved slightly as investors have observed the government taking action to respond to the crisis.
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