- CNTV English - CCTV News

Greece calls for "brave decisions" at EU Summit

12-05-2011 10:17 BJT

Watch Video

Play Video

Greek Finance Minister Evangelos Venizelos says European Union leaders must show that they can make brave decisions at this week’s summit, to get through the debt crisis sweeping Europe.

Venizelos told a debate in Parliament on Sunday that the Eurozone needs to show it can cover the institutional and political deficit with sufficient and brave financial interventions. The euro faces a decisive week as European Union leaders seek agreement on a convincing rescue plan. Despite short-term market optimism about a possible deal, the outcome is far from certain as the EU gears up for a summit in Brussels on Thursday and Friday.

If all goes according to plan, the EU will have taken a step towards fiscal union by Friday night, agreeing on a treaty change to anchor coercive budget discipline for the 17-nation currency area. The European Central Bank will have cut interest rates on Thursday to counter a looming recession and taken new measures to provide longer-term funding or Europe’s teetering banks. And new prime ministers in Italy, Greece and Spain will have demonstrated their commitment to tough austerity measures and structural economic reforms.

Greece's Finance Minister Evangelos Venizelos answers reporters' questions as he
arrives at the European Union council headquarters ahead of a Eurogroup meeting in
Brussels November 29, 2011.


Editor:Zhang Jingya |Source: CNTV.CN

Hot Videos view more

The celebrations are still continuing as the victorious coach, Joachim Loew, has been honored for his achievement in his hometown of Freiburg.
Germany coach Loew honored in hometown of Freiburg

Chinese men´s national team continued its preparations for next year´s Asian Cup, as they managed a one-all draw against visitors Jordan during a football friendly in Harbin, the capital city of Northeast China´s Heilongjiang Province.
China held to 1-1 draw by Jordan

The defending world champs came into the contest with a perfect 6-and-oh record, but they would be in for a tough first half before opening things up in the second.
USA beat Slovenia 119-76 in quarter-finals

Hot Stories more

UK authorities believe killer of James Foley is a British national

Across the UK the hunt is on for James Foley’s killer, who authorities believe is a British national. As Richard Bestic reports from London, Prime Minister David Cameron cut short his summer break to lead his government’s response.

Israeli war jets renews Gaza strike as truce talks stalled

Three Palestinians were killed and 40 others wounded in the intensive Israeli war jets´ airstrikes on the Gaza city on Tuesday night, shortly before an end of a 24-hour ceasefire in the Gaza Strip,

Missouri police arrest dozens after violent night

As the protests in the town of Ferguson, Missouri turned violent with police facing ´heavy gunfire´ from some ´criminal elements´, cops fired tear gas, stun grenades and arrested 31 demonstrators on Monday night.

Picture in news more

More Video News

Choose TV Program