Thursday, June 7, 2012

Obama to push 'immediate' euro rescue plan

Via Tall Tree, Short Rope


Europe has weeks to save the euro and must create an "immediate" rescue plan, the United States and Britain plan to tell Germany Thursday, Britain said.

Such a rescue plan could involve Germany pledging to underwrite struggling countries' debt, officials said.

British Prime Minister David Cameron was to tell German Chancellor Angela Merkel in Berlin Thursday he and U.S. President Barack Obama believe an authoritative agreement that fully gets the job done must be reached this month -- and there are two crucial summits in which to do it, officials said.

More @ WRVA

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