BRUSSELS (AP) — Portugal’s political crisis and uncertainty over the true scale of problems at Irish banks dominated a summit of European Union leaders that was designed to finally put an end to the region’s crippling debt crisis. The summit was going to be the day for EU leaders to give their final approval to the overhaul of their crisis strategy, including closer economic cooperation and the size and power of the region’s bailout funds. Instead, the event was overwhelmed by discussion of the futures of Portugal and Ireland. The defeat of Portugal’s minority government over planned austerity measures puts one of Europe’s must financially troubled countries into political limbo just as it…
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on March 24, 2011. Filed under News.
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Posted by
on March 24, 2011. Filed under