Political hurdles to resolving euro debt crisis intensify
The European Union’s top economic official said in Dublin the currency bloc was in a “very dangerous situation” and pressed governments to take strong action at an EU summit, pushed back to October 23 to give politicians time to come up with a new strategy for Greece and ailing banks.
Inspectors from Europe and the IMF gave a green light on Tuesday for Greece to receive a new aid payment needed to avert default, but new data showed the budget deficit widening and Greek tax inspectors vowed to strike next week over wage and pension cuts.