ALL-OUT "WAR" ON DEBT
- 00:01:08
- The Video News Portal
ALL-OUT "WAR" ON DEBT
From Xinhua News Agency: STORY: ALL-OUT "WAR" ON DEBT DATELINE: July 13, 2011 LENGTH: 0:01:03 LOCATION: Lisbon PKG INTRO European Union leaders are expected to hold a crisis summit within days to map out ways to fight a spreading debt crisis. With Greece, Ireland and Portugal already held captive, Italy and Spain are closer to being dragged into the crisis. PKG President of the European Council Herman van Rompuy said on Tuesday that a special summit of the euro zone would not be excluded. He made the remarks after a meeting with Portuguese Prime Minister Pedro Passos Coelho. Van Rompuy also recognized the high contagion risk, saying that relating measures are urgently needed. Portugal is the third victim of the sovereign debt crisis in Europe. After Greece and Ireland, it has also asked for financial support. Finance ministers of euro zone countries approved last month a 110 billion U.S. dollars bailout for Lisbon. But this still failed to stop Rating agency Moody's from downgrading the country's Powered by www.newslook.com
The Video News Portal | July 13, 2011
