You can now read 5 articles in a month for free on Read as much as you want anywhere and anytime for just 99¢.

EU leaders meet for economic summit

BRUSSELS — With market pressure on their single currency easing for now, will EU leaders meeting here Thursday and Friday return to bickering and delaying promised reforms that could solve the euro crisis?

A pledge in September by the European Central Bank to buy unlimited quantities of bonds has steadied borrowing costs in some of the most vulnerable eurozone countries like Spain. And with negotiations still up in the air over providing more assistance to Greece, the focus of the EU meeting here is expected to be on making Europe’s economic union more cohesive.

Continue reading below

But that could prove a combustible topic for France and Germany. Agreement between the two is seen as vital to any steps that could ensure the survival of the eurozone.

Paris emphasizes speedy adoption of legislation to tighten budget discipline; ideas to put all European banks under a central supervisor, and moves toward pooling at least some eurozone debt. Germany is pressing for even greater powers of intervention by the most solvent countries to enforce budgetary discipline in the eurozone.

Loading comments...
Want each day's news headlines delivered fresh to your
inbox every morning? Just connect with us
in one of the following ways:
Please enter a valid email will never post anything without asking.
Privacy Policy
Subscriber Log In

You have reached the limit of 5 free articles in a month

Stay informed with unlimited access to Boston’s trusted news source.

  • High-quality journalism from the region’s largest newsroom
  • Convenient access across all of your devices
  • Today’s Headlines daily newsletter
  • Subscriber-only access to exclusive offers, events, contests, eBooks, and more
  • Less than 25¢ a week
Marketing image of
Marketing image of