European finance ministers put off decisions

European finance ministers have inched towards strengthening their banking sectors and the management of their economies at a meeting in Brussels, but put off decisions on comprehensive solutions to the region’s financial crisis.

Weakness in the banking sector and inadequate monitoring of national budgets were among the prime causes of Europe’s three-year crisis, which has seen several countries struggle with too much debt. Fixing those areas is crucial not only to ending the current crisis but also preventing a repeat.