European leaders attempt to resolve crisis

Note: This section contains information in English only.
Source: CNN Money
© Scanpix/AFP

On December 9 European officials will come together for another summit aimed at tackling debt crisis. The main focus of this seminar will be discussing revision of European Union treaties. A key idea is to create a fiscal alliance that would adjust inconsistencies because currently EU has a shared currency and common monetary policy without any instruments to guarantee that members are financially healthy.

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