European finance chiefs face renewed debt jitters

European finance chiefs face renewed debt jitters - BusinessWeek: "European ministers face a potential flare-up in the euro's debt crisis when they meet Monday as investors increasingly worry they might not deliver on their promise of a comprehensive solution.

Finance chiefs from the 17 euro countries are meeting in Brussels afternoon. Their last get-together in mid-January had been characterized by relative calm in bond markets, after November and December had seen emergency meetings to agree a bailout for Ireland and keep the crisis from spreading to Portugal or Spain.

But hopes that a promised overhaul of the crisis strategy will prevent some countries from having to default on part of their massive debts -- as many economists expect -- dimmed earlier this month, when European leaders fought over yet another proposal on how to tackle the crisis."

You Might Also Like :