What will happen to the eurozone? The run-up to the G20 summit has seen frantic summit activity in Europe to restore investor confidence in the continent’s 13-year old monetary union. With just days to spare before the global gathering in Cannes, eurozone leaders have agreed a three-prong strategy to put Greece’s public finances back on a sustainable basis, to strengthen European banks’ balance sheets, and to beef-up the European Financial Stability Facility (EFSF) as a multi-functional rescue vehicle that can “ring fence” crisis-spots.
via Eurozone options: Rescue raises doubts over details and deeper issues – FT.com.
