CCTV.com - CNTV English - CCTV News

Financial woes top EU agenda in 2012

01-05-2012 18:59 BJT

Watch Video

Play Video

In EU, the New Year has brought little cheer for the bloc’s debt crisis. In the latest development, the 27-member European Union is set to move ahead with plans for a financial transaction tax.

The French Minister for European affairs, Jean Leonetti, says the new levy has been agreed by France and Germany and will be in place by the end of the year. Britain and Sweden are alone among member countries in opposing the tax.

Meanwhile, Greece has warned of it could face a default and fall out of the eurozone if no agreement can be reached on a second term of bailout worth 130 billion US dollars. France is also facing its own test, with an 8 billion euro debt auction on Thursday that will see whether the country’s triple-A rating is at risk.

Amid signs of increasing deterioration of the European economy, a bilateral summit is expected between French and German leaders next week to pursue a still elusive solution for their woes.

 

Editor:Zhang Dan |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