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European Leaders Prepare for EU Summit
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FBN’s Ashley Webster on concerns little can be achieved at the EU Summit to resolve the economic issues in Europe.
- Duration 1:28
- Date Jun 27, 2012
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FBN’s Ashley Webster on concerns little can be achieved at the EU Summit to resolve the economic issues in Europe.
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Now we need to find out exactly what's going to happen on the ground in Brussels and Ashley Webster has that real -- from Brussels actually.
The summit begins here tomorrow -- Brussels in the afternoon and EU leaders say there is definitely a sense of urgency to tackle the debt crisis.
Meantime Germany says hang on it's not that easy and the Czech Republic says we don't want any part of full blown integration all of this before the summit begins.
Makes you wonder of EU stands for entirely useless in the meantime we will be getting a vision from the F.
Head of the European.
Commission who says that there's a ten year plan in place it involves phased in integration of the banking system.
All of us some of the up perhaps share the debt the Germany says they do not want any pot off it's going to be a very difficult session.
Italy and Spain coming to Brussels hoping that they can find a solution find a way.
To settle the markets in order for them to borrow money at cheaper rates Spain saying that the ten year yield above 7% not sustainable.
And not for very long so certainly.
Chancellor -- Chancellor Angela Merkel saying that the eurozone situation quote is serious as she was talking with French president.
Francois -- on to earlier this evening in Paris they will be here tomorrow often in the question is.
Is any concrete to decisions are they gonna come out of this summit the hopes for that appear to be fading frost in Brussels actually what's -- back to you.