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6/17/10

EU calls for tough new rules on 'economic governance' .

European Union leaders on Thursday agreed to bring in tough new rules on policing one another's economies, in a bid to prevent further crises of the kind which has hit Greece.The EU has been in full crisis-fighting mode since the beginning of the year as it scrambled to shore up the euro and fight off market pressure on members such as Greece and Spain. Leaders are now keen to restore the bloc's reputation for economic strength."Everybody now acknowledges that economic decisions in one member state concern us all," the President of the Council of EU member states, Herman Van Rompuy, said after the meeting.

For more: EU calls for tough new rules on 'economic governance' - Summary | Earth Times News

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