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Grand plan to solve euro crisis in doubt

October 26, 2011 • World News


A European flag flies near the glass dome of the Reichtag building, which hosts the German parliament Bundestag in Berlin on Tuesday, Oct. 25, 2011. German Chancellor Angela Merkel will face a voting about the European Financial Stability Fund on Wednesday. (AP Photo/Markus Schreiber)

BRUSSELS (AP) — A grand plan to resolve Europe’s escalating debt crisis was once again in doubt after officials said key parts of the package may not be ready in time for a leaders’ summit on Wednesday.

A meeting of European Union finance ministers, which was to be held just before the summit, was called off. A summit of EU and eurozone leaders planned for Wednesday evening will still be held, but it was unclear whether the heads of state and government would be able to reach a detailed deal.

The euro and stocks on both sides of the Atlantic slid Tuesday on the news amid fears that Europe would prove unable, after two years, to get a grip on its debt Login to read more

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