After the first day of meetings Thursday, Van Rompuy said leaders would discuss short-term measures they could take to stop the crisis, and that two countries, believed to be Italy and Spain, wanted to discuss ways to drive down borrowing costs. Speculation circulated earlier that talks were underway about possible purchases of Italian and Spanish sovereign bonds.
“I think there’s a sense that everyone knows they need a roadmap that gets them from a monetary union, without banking union, without fiscal union, and without political union to include those other three main features. These are big things to get to from here,” said Ruskin.
“It’s a long and winding road to get to the road map, and we’re not even going to get proper details on a road map until the end of the year,” he said.Page 2 of 5 | Prev Page | Next Page