Thursday, 18 November 2010

Van Rompuy warns that EU is in 'survival crisis'


EUOBSERVER / BRUSSELS - EU Council President Herman Van Rompuy has warned that the eurozone and the European Union itself are fighting for their life as a result of the ongoing sovereign debt shocks, most recently in Ireland and Portugal.
"We're in a survival crisis," the president told an event at a Brussels think-tank on Tuesday morning (16 November) ahead of a meeting of finance ministers from countries that use the euro, where it is expected that they will interrogate Ireland and Portugal over the state of government finances.
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