Summit Watch: Treaty is signal of stability says Merkel
The latest news related to the European Union summit meeting on jobs and growth which begins today in Brussels.
**1640:** German Chancellor Angela Merkel said the fiscal treaty is an important signal of stability.
“I’m very happy that most European countries will participate in the fiscal compact,” Merkel told reporters before the leaders’ in Brussels. She also said that the European Central Bank’s cash provision to lenders will “support the euro and stabilise banks.”
**1625:** Euro zone finance ministers authorised the European Financial Stability Facility to...
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