Euro ministers seek rescue package
The 17 finance ministers of the eurozone converged on EU headquarters today in a desperate bid to save the currency – and to protect the global economy from a debt-induced financial collapse.
They discussed ideas that would have been taboo only recently, before things got so bad: countries ceding fiscal sovereignty to a central authority; some kind of elite group of euro nations that would guarantee one another’s loans - but require strong fiscal discipline from anyone wanting membership.
