Monday, January 30, 2012

EU leaders to discuss growth as Greece case looms (AP)

BRUSSELS ? European leaders will try to come up with ways to boost growth despite steep budget cuts across the continent when they meet in Brussels on Monday.

The 27 heads of state and government will get a taste of the popular frustration with austerity and high unemployment as they try to get to the summit in a city paralyzed by strikes.

While the official theme of Monday's meeting is boosting growth and jobs, the elephant in the room will be Greece.

Leaders aren't expected to make any decisions on a new massive bailout for Greece until international debt inspectors have issued a new report on the country's finances.

Athens' euro partners have grown frustrated with its slack implementation of spending cuts and reforms almost two years after first receiving international aid.

Source: http://us.rd.yahoo.com/dailynews/rss/eurobiz/*http%3A//news.yahoo.com/s/ap/20120130/ap_on_bi_ge/eu_europe_financial_crisis

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